Deals
Advent Weighs Options for Power Equipment Maker Innio
- Buyout firm explores IPO or sale of Austrian business
- Advent acquired unit from General Electric for $3.25 billion
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Advent International is exploring options for Austrian power equipment maker Innio, people with knowledge of the matter said.
The buyout firm is working with potential advisers to consider a listing or sale of the business, according to the people, who asked not to be identified because the information is private. A deal could come as soon as the second half of the year, the people said.