Advent Hires Morgan Stanley to Explore Tigre Stake Sale

Advent International, a global private equity firm, has hired Morgan Stanley to explore a potential sale of its stake in Tigre SA. Tigre SA is a prominent Brazilian manufacturer specializing in pipe and hydraulic systems. This move suggests Advent is considering divesting its investment in the company.

The decision to explore a sale was reportedly made by Advent, with Morgan Stanley tasked to manage the process. The specific details regarding the size of Advent's stake or the valuation being sought were not disclosed. However, the engagement of a major investment bank like Morgan Stanley indicates a serious intention to find a buyer for the stake.

Tigre SA operates within the industrial manufacturing sector, producing a range of products for plumbing, construction, and infrastructure projects. The company has a significant presence in Brazil and potentially other Latin American markets. Advent International has been an investor in Tigre SA for several years, and this potential sale marks a significant development in their investment lifecycle with the company.

Sources familiar with the matter, who requested anonymity due to the confidential nature of the discussions, revealed the engagement. The exploration of a sale could lead to various outcomes, including a full divestment to another financial sponsor, a strategic buyer from the industry, or potentially an initial public offering, though the latter is less likely given the phrasing of the report. The timeline for this process remains uncertain.