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Advent International opens office in Prague, headed by Chris Mruck

31/05/2007Source: AltAssets.  

Click here for the latest news, views and interviews in the clean energy investor communityBuy-out firm Advent International has opened an office in Prague. The Prague team will be responsible for the firm's investment activities in the Czech and Slovak Republics and in Hungary.

The new office is headed by Advent partner Chris Mruck, who joined Advent in 1997 after ten years as head of EBRD's Czech office. The Prague team also includes Michal Aron and Milan Kulich.

Mruck said, 'We have seen significant change in this region in our 13 years actively investing here. Some CEE countries have been EU members since 2004, others only since 2007 (Bulgaria and Romania), but they all, including Turkey and Ukraine, are still changing at an enormous pace and working hard to offer an attractive investment environment for funds such as ours. It makes sense for us to reorganise our offices to be best-placed for the next phase of development of the region.'

Advent has invested in the Czech and Slovak Republics since the mid-1990s. The firm has offices in 14 countries on four continents.

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