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New Deal


Announced

Advent International led a $175m Series B round in Tredence.

Financials

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Transaction Value£145m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

Private Equity

Domestic

Private

Single Bidder

United States

IT Services: Other

advanced analytics

Minority

Venture Capital

machine learning

Acquisition

Friendly

Synopsis

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Advent International, a private equity firm, led a $175m Series B round in Tredence, a data science and AI solutions company, with participation from Chicago Pacific Founders. “We are thrilled to welcome Advent as a partner to Tredence. Advent’s global reach, deep sector expertise, and vast experience in scaling businesses like ours through organic and inorganic growth will be invaluable to us as we look to drive continued business innovation. Tredence was founded to help clients solve some of the most complex challenges across industries through pragmatic innovation and continuous experimentation. CPF has been a value-added partner over the last few years, and we are excited to be joined by Advent on this journey," Shub Bhowmick, Tredence CEO.

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