LayerZero Partners with Advent to Power Data Center Growth
Deal News | Jun 30, 2025 | Advent International
Advent International, a leading private equity firm, has signed a definitive agreement to acquire a majority stake in LayerZero Power Systems, a key provider of power management solutions for data centers. The partnership aims to support LayerZero's expansion efforts to meet increasing demand driven by AI and cloud computing advancements. LayerZero's founders, who remain significant minority holders, will continue to lead the company. Annette Clayton, with her industry expertise, will chair the board. The deal is set to boost LayerZero's operations, leveraging Advent's resources to expand their manufacturing capacity and customer base, while enhancing service capabilities.
Sectors
- Private Equity
- Data Center Infrastructure
- Technology
Geography
- United States – The acquisition involves two American companies: Advent International, headquartered in Boston, MA, and LayerZero Power Systems based in Aurora, OH.
Industry
- Private Equity – Advent International is making a strategic investment which is typical of Private Equity firms looking to grow and optimize businesses.
- Data Center Infrastructure – LayerZero Power Systems focuses on power management products essential for data centers, making it a vital part of the Data Center Infrastructure industry.
- Technology – The investment is influenced by trends in AI and cloud computing, indicative of the broader Technology industry.
Financials
- Not disclosed – The financial terms of the transaction between Advent and LayerZero were not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Advent International | Private Equity Firm / Acquirer | Company | A global private equity firm that invests in companies to transform and grow them. |
| LayerZero Power Systems | Target Company | Company | A provider of power management products for data centers. |
| Milind Bhanoo | Co-Founder and President | Person | Co-founder of LayerZero, remaining a minority equity holder. |
| James Galm | Co-Founder and Chief Technology Officer | Person | Co-founder of LayerZero, remaining a minority equity holder. |
| Annette Clayton | Chair of LayerZero Board | Person | An Operating Partner at Advent with expertise in data centers. |
| Citizens Capital Markets and Advisory | Financial Advisor to LayerZero | Company | Acts as investment banker and financial advisor for LayerZero. |
| Calfee, Halter & Griswold LLP | Legal Advisor to LayerZero | Company | Provides legal advisory services to LayerZero in the transaction. |
| Harris Williams LLC | Financial Advisor to Advent | Company | Offers financial advisory services to Advent. |
| Weil, Gotshal & Manges LLP | Legal Advisor to Advent | Company | Handles legal advisory services for Advent International. |