Business Services

Advent International – PM & Partners – Gruppo Argenta

Advent International is one of the world’s leading private equity firms, with total funds raised for $10 billion. Since its founding in 1984, it has invested in over 500 companies.

PM & PARTNERS invests in middle-size Italian companies with €215 million of financial resources.

Gruppo Argenta is one of the Italian market leaders in the servicing and refilling of vending machines. Argenta focuses on the supply of hot and cold drinks and snacks with almost 50,000 machines across Northern Italy. 2004 consolidated revenues of €84 million.

The acquisition of Gruppo Argenta by Advent International is part of their strategy to acquire growth-platform companies that can be developed into industry leaders.

Cross Border advised Advent International and PM & Partners. We originated the transaction, assisted negotiations, deal structuring and the investment agreement with the management team. Having managed the first MBO of Argenta in 2003, Cross Border was able to identify Advent International and PM & Partners as the best investors for the group. We were in a position to help both parties with discussions to finalize their ambitious business plan.