Advent Sets Up In Prague

Jun 7 2007 | 11:37am ET

Global buyout shop Advent International recently set up a new office in Prague, Czech Republic. The firm, which has invested in the Czech and Slovak republics since the mid-1990s, said it decided to set up a regional center in the city to cover investment in those countries and Hungary.
The new office is led by partner Chris Mruck, who joined the firm in 1997 and has led or been closely involved in a number of the firm’s Central European investments. The Prague team includes Michal Aron, who joined Advent in January 2006, and Milan Kulich, who joins this summer from Deloitte Central Europe, where he is assistant director, working on M&A and restructurings in Central European unquoted companies.

“We have seen significant change in this region in our 13 years actively investing here,” said Mruck. “Some CEE countries have been EU members since 2004, others only since 2007 (Bulgaria and Romania), but they all, including Turkey and Ukraine, are still changing at an enormous pace and working hard to offer an attractive investment environment for funds such as ours. It makes sense for us to reorganize our offices to be best-placed for the next phase of development of the region.”

Advent was founded in 1984 and has raised $10 billion in private equity capital since inception.

In Depth

Related-Company Fees: Normal Industry Practice or Conflicted Compensation?

Nov 11 2015 | 4:23pm ET

Regulatory agencies as well as investors are increasingly exploring whether certain...


Ferrari Roars in Wall Street Debut

Oct 21 2015 | 4:28pm ET

Shares of supercar maker Ferrari jumped as much as 15 percent to a high of nearly...

Guest Contributor

Private Debt - What is the Opportunity?

Nov 11 2015 | 3:28pm ET

In this contributed article, Rob Allard, founding partner of Firebreak Capital...


Editor's Note

    Oct 21 2015 | 10:41am ET

    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…