With an aim to expand its global investment platform, Advent International, a global private equity firm, plans to open a new office in New York, during this March.
Tim Franks, managing director of Advent, will relocate from London to lead the New York office. He has been with Advent for over 10 years and is an experienced investor in a number of industry sectors, including retail/consumer, industrial and TMT. He has also been coordinating the global debt team within Advent. Before Advent, he worked in investment banking at both Credit Suisse and Deutsche Bank.
Joining Mr Franks in New York are Mohammed Anjarwala and Andrew Crawford, Advent principals who have relocated from Boston, and Kevin Feinblum, previously of Sun Capital. These experienced executives bring retail/consumer, healthcare, industrial and TMT industry expertise to bear and, together with Mr Franks, underscore Advent’s commitment to building strong teams throughout its global network.
David Mussafer, managing partner of Advent, said: “New York is one of the principal hubs of private equity globally, and our new office there will provide Advent additional access and capabilities on the ground for our programs worldwide. We have assembled a dynamic group of talented investment professionals from Boston, London and New York to launch our new office in New York under Mr Franks’ leadership.”
Mr Franks said: “Having worked at Advent for 10 years in London, I believe that maintaining our strong culture is important to our success, and I look forward to building even deeper bonds between our North American and European businesses. I am excited to lead the New York team in developing new opportunities for the firm and our investors, strengthening our existing relationships and expanding our network of contacts.”