Advent International Hires Patrick for Retail/Consumer/Leisure Team

Oct 20 2016 | 6:27pm ET

Private equity manager Advent International has expanded its retail, consumer and leisure investment team in North America with the addition of Tricia Patrick as a managing director. 

Patrick will be based in Advent’s Boston office, the company said in a statement. She joins the firm from Bain Capital’s private equity unit, where she spent 12 years and served most recently as a principal in the consumer, retail and dining sector team. Prior to Bain, Patrick was an investment professional at Goldman Sachs.

Advent has been investing in the retail, consumer and leisure industry for more than 25 years, the company said. It has completed more than 65 investments across 20 countries worldwide, and has invested over $4 billion in 11 companies in the sector in the last five years. Including Patrick, Advent now has 13 investment professionals focused on retail, consumer and leisure investing in North America and 38 professionals in this sector worldwide. 

“Tricia’s reputation in the marketplace is outstanding both as a dealmaker and a highly talented and accomplished leader,” said Advent managing partner David Mussafer. “She has the skills, experience and passion to thrive at Advent. We are looking forward to Tricia’s contributions to our team and portfolio companies in the months and years ahead.” 

Founded in 1984, Boston-based Advent International is one of the largest and most experienced global private equity investors. The firm has invested in more than 300 private equity transactions in 40 countries and as of June 30, 2016, had $40 billion in assets under management. Advent firm focuses on investments in five core sectors, including business and financial services; healthcare; industrial; retail, consumer and leisure; and technology, media and telecom. 

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