Advent International

Money Moves

Co-owner of TK Elevator; selling to Kone

Finland's Kone agreed in April 2026 to buy Germany's TK Elevator for €29.4 billion. The deal pairs €5 billion in cash with 270 million new Kone shares, which would create a company with 3.2 million units under maintenance and roughly €20.5 billion in combined annual revenue. Shareholders approved the share issuance on June 3, clearing the first major internal hurdle.

Updated Jul 31

Money Moves

Seller

The gear that finds enemy submarines comes largely from one mid-sized firm, Ultra Maritime. On July 6, 2026, Lockheed Martin agreed to buy it for $3.45 billion.

Updated Jul 6

Money Moves

Owner of Nuvei

Payoneer went public in 2021 at a $3.3 billion valuation. On June 15, 2026, it agreed to sell itself to Nuvei for about $2.75 billion in cash, less than its debut price.

Updated Jun 15

Money Moves

Controlling shareholder exiting investment

Olaplex went public in September 2021 at a valuation north of $15 billion, riding a wave of consumer enthusiasm for its patented bond-repair hair treatments. In four and a half years, the company faced lawsuits alleging hair loss, a banned ingredient scandal, and relentless competition. German consumer goods conglomerate Henkel agreed to buy it for $1.4 billion—roughly a tenth of its IPO value.

Updated May 30

Money Moves

Lead buyer in Heidrick take‑private and active consolidator across sectors

Before the market opened on December 11, Ares Management — a private-credit powerhouse with nearly $600 billion under management — slid into the S&P 500, replacing Kellanov. Kellanov completed its $35.9 billion sale to Mars that day.

Updated May 10