Advent International to Acquire a 30 Percent Stake in LifeMiles (Latin America)

Source: Advent International, Avianca Holdings

Global private equity firm Advent International has agreed to acquire a 30 percent stake in LifeMiles, a Latin America-focused operator of an airline loyalty program, for US$343.7 million. Advent will purchase the stake from Avianca Holdings, a company that integrates several Latin American airlines under the Avianca brand. Post-transaction, Avianca Holdings will hold a 70 percent stake in LifeMiles.