Yigit Taha OZTURK 
As artificial intelligence accelerates the global need for robust data infrastructure, private equity powerhouse Advent International has struck a major deal to lead the charge. The firm announced it will acquire a controlling interest in LayerZero, a critical supplier of power systems for data centers.
Sources close to the matter revealed the deal values LayerZero at approximately $1 billion, highlighting the company’s rising importance amid AI-driven infrastructure demands.
Powering the Future of AI and High-Performance Computing
Based in Aurora, Ohio, LayerZero manufactures equipment such as static transfer switches, remote power panels, and power distribution units — all essential for ensuring the reliable flow of electricity within data centers.
“As data centers evolve to support the growing needs of AI and high-performance computing, our role has become even more important,” said co-founder Milind Bhanoo.
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The recent AI boom, led by platforms like ChatGPT, has significantly increased the demand for secure and efficient energy solutions across digital infrastructure facilities.
Advent to Scale Up LayerZero’s Manufacturing and Reach
Once the deal closes, co-founders Milind Bhanoo and James Galm will retain minority ownership in LayerZero. Advent plans to help the company scale up manufacturing, broaden its customer base, and expand service capabilities globally.
Former Schneider Electric North America CEO and current Advent operating partner Annette Clayton will serve as Chair of LayerZero post-acquisition, bringing deep industry experience to the company’s next growth phase.
Private Equity Activity Heats Up Again
The deal marks a resurgence in private equity investments after months of cautious slowdown due to macroeconomic uncertainty and trade barriers. Renewed market confidence has reignited appetite for strategic acquisitions.
Earlier this June, Advent also announced a $6.03 billion acquisition of precision instrument maker Spectris, signaling an aggressive expansion in high-tech industries.
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