Advent Strengthens Leadership with Mike Ettling Appointment

Investor - People | May 19, 2025 | Advent International

Advent Strengthens Leadership with Mike Ettling Appointment

Advent International, a prominent global private equity firm, has appointed Mike Ettling as an Operating Partner. Ettling, a leader with over three decades of experience in the enterprise software sector, is expected to leverage his expertise to identify new investment opportunities and enhance initiatives for existing portfolio companies in the technology space. Prior to this appointment, Ettling served as the Executive Chairman of SYSPRO, which Advent acquired, and held various executive roles including CEO of Unit4 and President of SAP SuccessFactors. Eric Wei, Managing Director at Advent, highlighted Ettling's expertise and leadership capabilities, which align with Advent's strategy of empowering high-performing companies. Ettling, who values the synergy between private equity and strategic leadership, aims to contribute significantly to Advent's portfolio success. Advent has a strong track record in the technology sector, with a strategic approach that combines capital infusion with operational expertise to accelerate growth and innovation.

Sectors

  • Private Equity
  • Enterprise Technology

Geography

  • Global – Advent operates across multiple countries with a global presence and Ettling's experience spans several international technology firms.

Industry

  • Private Equity – The article deals with Advent International, a private equity firm making strategic leadership appointments.
  • Enterprise Technology – Mike Ettling's role involves identifying investment opportunities and driving initiatives within the enterprise technology sector.

Financials

  • USD 91 billion – Assets under management by Advent International as of December 31, 2024.

Participants

NameRoleTypeDescription
Advent InternationalPrivate Equity FirmCompanyA global private equity investor focusing on transforming businesses through investment and strategic support.
Mike EttlingOperating PartnerPersonA leader in enterprise software with experience as Executive Chairman of SYSPRO and former CEO of Unit4.
SYSPROPortfolio CompanyCompanyA digital manufacturing technology provider recently acquired by Advent.
Unit4Former Portfolio CompanyCompanyA global cloud ERP software vendor formerly owned by Advent.
SAP SuccessFactorsFormer EmployerCompanyA provider of cloud HCM solutions where Ettling served as President.