Advent International, a privately owned firm headquartered in the US, was founded in 1984 and employs approximately 970 individuals. It operates as venture capital and private equity principals, investing in sectors including technology, media and telecoms, financial services, and healthcare.
On March 31, 2026, Advent International acquired a majority stake in Salt & Stone, a brand founded in 2017 with 40% of its sales originating from its direct-to-consumer business. The investment provides resources to expand the brand’s direct-to-consumer and retail channels. Earlier, on March 30, Advent advanced its commitment to invest up to $1 billion in next-generation defense technology companies with an investment in Saronic, marking its second under this initiative. This followed Advent's co-lead investment in defense technology company Shield AI’s $1.5 billion Series G financing round, which valued the company at $12.7 billion. Ropes & Gray advised Advent International on the Shield AI transaction, which represented the first investment under its defense technology commitment. Also on March 30, Advent International announced a strategic investment in Atwell LLC, with Weil Gotshal & Manges advising Advent.
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