# Advent International to buy Brammer for 221.5 million pounds

Advent International Corp has agreed a recommended cash offer of 165 pence per share to acquire UK industrial parts distributor Brammer Plc, valuing the deal at 221.5 million pounds.

- Type: Acquisition
- Announced: 2016-11-23
- Where: United Kingdom
- Value: $272.0M (221.5M GBP)
- Status: announced
- Products: industrial parts, industrial distribution

## Companies

- [Advent International](https://endata.com/companies/430.md) (acquirer)
- [Brammer](https://endata.com/companies/431.md) (target)

## Sources

- [reuters.com](https://www.reuters.com/article/business/pe-firm-advent-to-buy-uks-brammer-for-2215-million-pounds-idUSKBN13I0TQ/), 2016-11-23: "Boston-based Advent's recommended cash offer of 165 pence per share represents a premium of 69.2 percent to Brammer stock's closing price on Tuesday."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.