ADM Capital Acquires an 85 Percent Stake in Ceramica from Advent International (CEE and CIS)

Source: ADM Capital, Mediafax

ADM Capital, an investment firm focused on recovery, special situations and event-driven opportunities in emerging markets, has acquired an 85 percent stake in Romania-based brick producer Ceramica from global private equity firm Advent International. The transaction is estimated to be worth more than EUR10 million (approximately US$13.6 million). Ceramica intends to use the investment for both organic and inorganic growth. Advent International originally acquired a 70 percent stake in the company in July 2007.