Announced
Completed
Financials
Tags
Single Bidder
Majority
application software
Software
United States
Private
Acquisition
Friendly
Private Equity
Completed
Synopsis
Advent International completed the acquisition of Mariana Tek, a US-based software company serving premium brands in boutique fitness. This investment is supported by Transaction Services Group, Advent’s portfolio company. Financial terms were not disclosed. “Advent is thrilled to have invested in Mariana Tek in partnership with TSG. We look forward to working alongside the company’s management team to strengthen its position as a forceful disruptor for enterprise, franchise and multi-location boutique fitness brands. We will continue to invest heavily in Mariana Tek to accelerate product development, geographic expansion and payments innovation, leveraging Advent’s deep experience and TSG’s global go-to-market infrastructure.” Jeff Paduch, Advent Managing Director.
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