The Wall Street Journal

Advent Acquires Australian Share-Registry Provider Automic

The Boston-based private-equity firm plans to expand Automic internationally

Advent’s Automic purchase is the U.S. private-equity firm’s first in Australia since it opened its Sydney office last year.
Advent’s Automic purchase is the U.S. private-equity firm’s first in Australia since it opened its Sydney office last year. Photo: saeed khan/Agence France-Presse/Getty Images

SYDNEY—Advent International agreed to buy Australian share-registry provider Automic in the U.S. private-equity firm’s first local acquisition since opening its Sydney office.

Boston-based Advent announced the acquisition of Automic and its cloud-based financial-services platform on Wednesday without disclosing financial terms.

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