Advent completed the acquisition of a 30% stake in Aareon from Aareal Bank for $340m.

Advent International, a private equity firm, completed the acquisition of a 30% stake in Aareon, a computer software and digital solutions services provider, from its parent Aareal Bank for $340m. “Aareon has been a key growth driver of our Group to date. Its strategic development will now become even more important to us. Together with Advent, we will realise Aareon's full potential even faster over the coming years – through an acceleration of organic growth as well as by stepping up M&A activities, for which we perceive excellent opportunities in the current market environment in particular. This will benefit Aareon's clients as well as our shareholders. At the same time, the inflow of funds from the transaction will increase Aareal Bank's capital management flexibility and enhance its ability to pursue value-enhancing opportunities," Hermann J. Merkens, Aareal Bank Chairman.