Advent Selects Banks for Innio's Planned US IPO Valued at $15 Billion
DATA AND AI INFRASTRUCTURE
Advent International has appointed Goldman Sachs, JPMorgan Chase, and Morgan Stanley as global coordinators for Innio's planned US IPO, targeting a valuation of approximately $15 billion. The Austrian power equipment manufacturer, which produces gas engines under the Jenbacher and Waukesha brands, aims to capitalize on increasing demand, projecting revenues exceeding $2.5 billion by 2025. The IPO details are still under discussion, with the possibility of a business sale also being considered.
Jan 10, 2026, 8:27 AM
