Advent to Hire Morgan Stanley to Sell Its Tigre Stake
Bloomberg 2026-07-23 21:38:05
Context: Advent has hired Morgan Stanley to explore a potential sale of its stake in Tigre SA, a Brazilian manufacturer of pipe and hydraulic systems. The decision to sell the stake comes from Advent's strategy to reallocate its investments. This move is being advised by Morgan Stanley.
Key Facts
- Advent, a private equity firm, has engaged Morgan Stanley, a leading investment bank, to explore a potential sale of its stake in Tigre SA, a Brazilian company that specializes in the manufacture of pipe and hydraulic systems.
- Tigre SA operates in the industrial sector, specifically focusing on the production of pipe and hydraulic systems, catering to various industries that require such infrastructure for their operations.
- The advisory role of Morgan Stanley in this potential sale indicates that Advent is considering a strategic divestment, possibly to reallocate funds to other investment opportunities or to reduce its exposure to the industrial manufacturing sector.