Advent International Agrees to Sell Ultimo to B2Holding (CEE and CIS)

Source: Advent International, | Author(s): Kenny Wastell

Global private equity firm Advent International has signed an agreement to sell Poland-based debt management company Ultimo to Norway-based specialty finance company B2Holding. In 2006, Advent acquired Ultimo in a secondary buyout from AIG Capital Partners, the private equity investment arm of insurance and financial services firm American International Group. Financial details of the transaction, which is subject to regulatory approval, were not disclosed.