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Ex-Advent International principal Gomez wins Senate primaries

1 May 2013

gomezA former principal at Boston-based private equity firm Advent International has won the Republican primary for the Massachusetts Senate race.

Gabriel Gomez, pictured, who quit his job at Advent to focus on the race two months ago, defeated ex-US Attorney Michael Sullivan, who had the lead in earlier polls.

The race for the Senate seat, which became vacant following the appointment of Senator John Kerry as the Secretary of State, will now be decided between Gomez and Democratic Congressman Ed Markey.

While Massachusetts is a reliable Democratic state, Republican Mitt Romney won a term as governor in 2002 and another Republican Scott Brown was successful in a special election for the US Senate three years ago.

Advent has raised $37bn including the $10.8bn GPE VII closed in november 2012 and participated in more than 250 deals since its launch in 1984.

The firm targets companies in the business and financial services, healthcare, industrial, retail and technology, media and telecoms sectors.

Advent recently shut down Turkey office after almost three years saw it unable to close a single deal.

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