12 November 2009 – Advent International, the global private equity firm, today announced that Harry Sachinis has joined the firm’s Operating Partner Programme to advise on global investment opportunities in the media sector with a particular focus on the subsectors of publishing and information services.
Until recently, Harry was President of The McGraw-Hill Companies’ Business Information Group, comprising Platts, McGraw-Hill Construction, and McGraw-Hill Aerospace & Defense. Under his leadership each unit became a leader in its field, and he established the Group as one of the top global business-to-business information and media providers in the world.
Prior to that Harry was President of Platts which he built into the world’s largest commodities information services and solutions provider, leading it into new areas such as electronic trading. In addition he was also Group Vice President at Standard & Poor’s, where he grew key strategic businesses and developed one of them into a global financial quote distributor on the internet.
Based in New York, Harry is a US and Greek national. He holds an engineering degree from the National Technical University of Athens, Greece and an MBA from Harvard Business School. He speaks four languages.
Fred Wakeman, Managing Partner and head of Advent’s Technology, Media and Telecoms (TMT) sector team, said: “Harry’s significant strategic experience of building market leading businesses in the publishing and information services sector will be a great asset to our broader TMT team. We believe that this is a strong sector which will present many future investment opportunities for Advent across our global network and Harry’s detailed industry insight will be key in the deal sourcing process. We are very pleased to welcome him to our Operating Partner Programme.”
Commenting on his new role, Harry Sachinis said, “The publishing and information services sector is a fast evolving market and there is considerable potential to invest in and further develop established brands by broadening their end-market reach or geographic breadth. Advent's global network is a powerful platform to address these opportunities and I am delighted to be joining the team to collaborate on the development of their media and technology portfolio.”
Advent’s Operating Partner Programme involves business leaders from a range of sectors working as consultants to the firm in a variety of ways: sourcing investment opportunities, assisting with the due diligence process and advising on the strategic and operational development of portfolio companies. The use of operating partners is a fundamental and long-established element of Advent’s highly operational approach to investing. The programme currently includes over 70 high-level individuals, many of whom have been involved in multiple Advent investments.