Advent International to acquire a majority stake in LayerZero Power Systems.

Advent International, a private equity firm, agreed to acquire a majority stake in LayerZero Power Systems, a provider of highly reliable power infrastructure solutions including STSs and PDUs for mission-critical data centers. Financial terms were not disclosed. “LayerZero was founded with a simple but powerful mission: to deliver highly reliable, high-performance power infrastructure for the most demanding mission-critical environments. As data centers evolve to support the growing needs of AI and high-performance computing, our role has become even more important. We’re thrilled to partner with Advent, whose deep experience and resources will help us scale our operations while maintaining the hallmark quality and innovation our customers depend on," Milind Bhanoo, LayerZero Co-Founder and President.