What happens to the management teams of companies in which Advent invests?
Our philosophy is one of backing management teams. In most cases, the original management team, or core members of the team, will stay with the business. However, given that our portfolio companies are often striving to meet ambitious growth targets, we do sometimes have the requirement for additional, complementary management expertise. This can be introduced in a variety of ways, including executive and non-executive appointments and through the involvement of specialist industry advisers from our Operating Partner programme.
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