Advent International buys majority stake in Mexican software firm CONTPAQi

What's the deal? Advent InternationalDealroom has a profile for this one. Try Dealroom →, a private equity investor, is acquiring a majority stake in CONTPAQiDealroom has a profile for this one. Try Dealroom →, a Mexican provider of modular business software for small and medium-sized businesses (SMBs). The deal value was not disclosed.

What does CONTPAQi do? It sells a modular business software suite aimed at Mexican SMBs. Advent said the investment will support the company's next phase of growth.

Who's buying? Advent International is a global private equity firm. It announced the buyout from Boston on October 1.

The signal: Private equity continues to target software firms serving SMBs, where recurring revenue and room to scale make for attractive bets. Advent's move signals growing investor appetite for business software platforms in Mexico.

Read more: targetednews.com

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