All firms
Advent International
“From Charlotte Russe to ATI Physical Therapy — the companies Advent buys have a habit of ending up bankrupt or kicked off the stock market.”
2
In Our Database
2
Categories
2
Formerly Owned
This Boston-based global PE firm saddled Charlotte Russe with $175 million in debt before all 500+ stores liquidated in 2019. They rushed ATI Physical Therapy onto the stock market through a shortcut merger, immediately admitted the company wouldn't make as much money as promised, and watched the stock become so worthless it got kicked off the New York Stock Exchange by 2024. Two consumer brands, two spectacular failures, and a pattern of overpromising.
Founded 1984 · Boston, MA