PropertyEU - March 17, 2010
US private equity group Advent International is the frontrunner in a bid to acquire EUR 1 bn worth of property being sold by Slovenian retail chain Mercator, according to reliable sources. Mercator is divesting the assets on a sale-and-leaseback structure, sources say.
Advent International has long been active in the Central and Eastern European market, launching its first fund in the region in 1994. In 2008 the company set up its fourth CEE fund, ACEE IV, which has a EUR 1 bn war chest for investment in the region.
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