Advent Acquires $1B Stake in LayerZero to Power the AI Data Center Boom - Tech Startups

Advent acquires $1B stake in LayerZero to power the AI data center boom - Tech Startups

Private equity firm Advent International is making a billion-dollar bet on the infrastructure behind AI. Advent announced on Monday that it’s acquiring a majority stake in LayerZero Power Systems, a company based in Aurora, Ohio, that builds critical power equipment […] The post Advent acquires $1B stake in LayerZero to power the AI data center boom first appeared on Tech Startups.

Deal Roundup: Advent agrees LayerZero Power Systems deal, CenterOak Partners completes NOW CFO majority recap

Advent International has agreed to buy a majority stake in LayerZero Power Systems, a US manufacturer of static transfer switches, power distribution units and other power management products for data centers and other mission-critical applications. The post Deal Roundup: Advent agrees LayerZero Power Systems deal, CenterOak Partners completes NOW CFO majority recap appeared first on AltAssets Private Equity News.

Advent International partners with LayerZero Power Systems, a leading provider of mission-critical power infrastructure for data centers

BOSTON & AURORA, Ohio--(BUSINESS WIRE)--Jun 30, 2025-