Advent International Expands into Australia and New Zealand

Sydney, Australia [DATE TBC] - Advent International ("Advent"), one of the largest and most experienced global private equity investors, is pleased to announce the opening of its office in Sydney, Australia with Beau Dixon accepting an offer to lead Australia and New Zealand, to further establish its presence in the region. With offices in India, China and now Australia, Advent continues to build out its capabilities across the Asia Pacific region.

Mr Dixon, a highly experienced private equity professional with over 18 years of experience in the Australian and New Zealand markets, will join as Managing Director and head of Advent in Australia and New Zealand. Mr Dixon, who most recently was a Managing Partner at Anchorage Capital Partners and a member of the Investment Committee, has a strong investment track record and sound operational and board experience with portfolio companies. He will be responsible for leading a high calibre team to ensure that Advent can deploy its investment philosophy in Australia and New Zealand. This is with the aim of investing in leading companies that operate in Advent's core sectors, including business and financial services; health care; industrial; retail, consumer, and leisure; and technology.

Australia and New Zealand are key markets for growth, with significant opportunities for private capital to be deployed in high quality companies with strong investment potential. Establishing a presence in the Australian and New Zealand markets is part of Advent's continued global growth, and further enhances its presence in the attractive Asia Pacific region. This also builds on Advent's experience in the Australian and New Zealand markets with investments including luxury fashion brand ZIMMERMANN, Transaction Services Group (now part of Xplor Technologies), a leading provider of business management software and integrated payments solutions to the Health & Fitness and Childcare verticals, and Cobham, a leading global defence and aerospace company with operations in Australia.

Shweta Jalan, Managing Partner at Advent International, said, "We are pleased to welcome Beau Dixon as Managing Director and head of Advent in Australia and New Zealand. Establishing a presence in Australia and New Zealand will support our continued growth in the Asia Pacific region, where we are already well-established in India and China. As a global private equity firm with a strong investment track record, we apply both in-market and sector experience to unlock local opportunities at scale and build businesses. We are thrilled at the opportunity to bring our world-class model to our current and future investments across Australia, New Zealand and beyond."

Beau Dixon said, "I look forward to joining one of the leading global private equity investors and working closely with the Advent team to build out our presence in Australia and New Zealand. Advent has excellent global experience and sub-sector specialisation, which will add further depth and sophistication to the local market. Together, we will look to invest and build forward-looking businesses and drive sustainable growth."