Advent Sells Scitum to Telmex

Global private equity firm Advent International has announced it has sold, together with minority investors, an 82% stake in Mexican IT security services provider Scitum, to Telmex for an undisclosed amount. Telmex has confirmed it acquired Scitum, but is not disclosing any more information regarding the deal. Advent originally invested in Scitum in December 2006. Since then, Advent says Scitum’s revenue nearly doubled, Ebitda grew almost threefold and Ebitda margins increased over 40%. Scitum and Advent executives did not return calls seeking comment.