Advent International, one of the world's leading global private equity firms, has appointed Michael Ogrinz as a Special Partner, further strengthening its deal-making capabilities. Ogrinz, a seasoned private equity professional with over 12 years of experience, brings a wealth of expertise in the industrial, technology, media, and telecoms sectors to the firm. His appointment is expected to enhance Advent's investment strategy and drive value creation for its portfolio companies.
Ogrinz's extensive background in private equity, coupled with his deep understanding of the targeted sectors, makes him an invaluable addition to Advent's executive team. Prior to joining Advent, Ogrinz worked at Goldman Sachs in the Principal Investment Area of Merchant Banking, where he was involved in numerous private equity investments across Europe. He also co-founded and served as the Chief Financial Officer at Proxchange Limited, further honing his skills in deal-making and strategic growth.
One of Ogrinz's most notable achievements is his involvement in the acquisition and transformation of Corialis, a leading European manufacturer of aluminum profiles and systems. During Advent's ownership, Corialis expanded its global footprint, hired nearly 500 new employees, and grew its European workforce by over 40%. This expansion led to a 50% increase in EBITDA, demonstrating Ogrinz's ability to drive value creation through strategic investments and operational improvements.
Ogrinz's appointment as a Special Partner at Advent International is a testament to his proven track record and the value he brings to the firm. His expertise in the industrial, technology, media, and telecoms sectors, coupled with his extensive private equity experience, will undoubtedly contribute to Advent's continued success in deal-making and portfolio management.
In an interview, Ogrinz expressed his enthusiasm for his new role at Advent International: "I am excited to join Advent International as a Special Partner. The firm's reputation for excellence in private equity investing and its focus on value creation make it an ideal platform for me to continue my career. I look forward to working with the talented team at Advent and contributing to the firm's ongoing success."
Advent International's Executive Team has consistently ranked in the top 5% of similar-sized companies on Comparably, reflecting the firm's commitment to fostering a strong and collaborative work environment. Ogrinz's appointment is expected to further enhance the firm's executive team culture and drive continued success in the global private equity market.
In conclusion, Michael Ogrinz's appointment as a Special Partner at Advent International is a strategic move that bolsters the firm's deal-making capabilities and strengthens its investment strategy in the industrial, technology, media, and telecoms sectors. Ogrinz's proven track record and extensive experience make him an invaluable addition to the Advent team, and his appointment is expected to drive continued success and value creation for the firm and its portfolio companies.
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