Conyers Park II Acquisition completed the merger with Advantage Solutions in a $5.2bn deal.

Conyers Park II Acquisition, a publicly traded special purpose acquisition company, completed the merger with Advantage Solutions, a provider of outsourced sales and marketing services to consumer goods manufacturers and retailers, in a $5.2bn deal. Existing private equity partners of Advantage, including CVC, Leonard Green and Bain Capital, in addition to rolling over their entire existing stake in the business, are investing an additional $200m in the company. "Our approach has always been to help our clients win by providing exceptional core services while building solutions that meet their evolving needs and help solve tomorrow’s problems. We are proud after many years of strong performance as a private company to now be able to create value for public shareholders by continuing to drive profitable growth for our clients and further capturing significant share of the market for omnichannel services. In addition to the unparalleled insights and relationships they bring to our business, partnering with Conyers Park strengthens our balance sheet, enabling us to continue investing in growth initiatives for the benefit of all of our stakeholders," Tanya Domier, Advantage CEO.