Australia's Advent promotes Rob Hooke to partner

Hooke joined Advent in 2013 as an investment manager, having spent the previous two years as CFO and COO of Australia-based fast-moving consumer goods business. Before that he worked for PwC. Hooke the due diligence and transaction efforts on two of the firm’s three new investments this year: educational software provider Compass Education and craft brewer Tribe Brewing.

Advent is currently deploying its seventh fund – and second since completing a leadership transition – which closed earlier this year with A$300 million ($215 million) in commitments. The GP backs companies in growth markets with enterprise valuations of A$20-150 million, typically partnering with founders, CEOs, and family groups.

In June, Advent completed a partial exit from outside school care provider Junior Adventures Group (JAG) as Quadrant Private Equity took a majority stake in the business. JAG operates under the OSHClub and Helping Hands Network brands, offering programs in association with over 400 schools – more than twice the number from when Advent invested in 2015.

A proposed merger with Bain Capital-owned Camp Australia was abandoned last year after the competition regulator expressed concerns about the deal.

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• Topics
• Australasia
• People
• GPs
• Australia
• Advent Partners
• Appointments