Advent International adds Tricia Patrick as a Managing Director, expanding its retail, consumer and leisure team

BOSTON, Oct. 20, 2016

During her career, Ms. Patrick has led or participated in investments in both private and public companies. Prior to Advent, she spent 12 years with Bain Capital Private Equity, where she served most recently as a principal in the consumer, retail and dining sector team. She has closed transactions across the retail, healthcare, business services, real estate and media sectors, as well as internationally. Prior to Bain Capital, Ms. Patrick was an investment professional with the Private Equity Group of Goldman, Sachs & Co. She currently serves as an independent Board member of Burlington Stores, Inc.

"Tricia's reputation in the marketplace is outstanding both as a dealmaker and a highly talented and accomplished leader," said Advent Managing Partner David Mussafer. "We are very excited that she is joining our retail, consumer and leisure team as we continue to grow and execute our differentiated investment strategy worldwide. She has the skills, experience and passion to thrive at Advent. We are looking forward to Tricia's contributions to our team and portfolio companies in the months and years ahead."

"The team at Advent has an exceptional track record globally, and I am thrilled to be joining such a highly talented and collegial group of professionals," said Ms. Patrick. "Advent's focus on growing and nurturing brands and approaching investing as a partnership with management is impressive. These methods of value creation are especially critical today, given the powerful changes the retail, consumer and leisure sector is facing from both the digital economy and the evolving consumer landscape. I am excited to take this next step with Advent."

Advent has been investing in the retail, consumer and leisure industry for 26 years and has completed over 65 investments across 20 countries worldwide. In the last five years, the firm has invested over $4 billion in 11 companies in the sector. Recent North American investments include Noosa Yoghurt, lululemon athletica (NASDAQ: LULU), The Coffee Bean & Tea Leaf, Serta Simmons Bedding, Party City (NYSE: PRTY), Bojangles' (NASDAQ: BOJA) and Five Below (NASDAQ: FIVE). With Ms. Patrick's appointment, Advent now has 13 investment professionals focused on retail, consumer and leisure investing in North America and 38 professionals in this sector worldwide.

Ms. Patrick earned her MBA, with high distinction, as a Baker Scholar from Harvard Business School and her AB in biochemical sciences, cum laude, from Harvard College. She currently serves on the board of trustees of the Boston Medical Center.

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