BOSTON, August 26, 2009 – Advent International, one of the world’s leading global private equity firms, today announced that Nance Dicciani has joined the firm’s Operating Partner Program to focus on investment opportunities in the chemicals and materials industry. Ms. Dicciani will work with Advent’s deal team in Boston, supporting the firm’s investment activities globally.
Before retiring in 2008, Ms. Dicciani was the President and Chief Executive Officer of Specialty Materials, a $4.9 billion division of Honeywell. Prior to that, she was Senior Vice President and Business Group Executive of Chemical Specialties and the Director of the European Region for Rohm and Haas. During Ms. Dicciani’s tenure at Rohm and Haas, she also served as Vice President of the Petroleum Chemicals Division and headed the company’s worldwide monomers business. Before joining Rohm and Haas, Ms. Dicciani held positions of increasing responsibility in engineering, research, commercial development and business management at Air Products and Chemicals, Inc. (NYSE: APD)
Ranked twice as one of the “World’s 100 Most Powerful Women” by Forbes magazine, Ms. Dicciani was also named as one of the “Top 40 Most Important People in the Chemical Industry” in 2006 by Chemical Business. She has received the “Achievement Award” of the Society of Women Engineers.
Ms. Dicciani serves on the board of directors for Rockwood Holdings, Inc. (NYSE: ROC), Praxair, Inc. (NYSE: PX) and Halliburton (NYSE: HAL). She also currently serves on the board of trustees of Villanova University and was appointed by President George W. Bush to the President’s Council of Advisors on Science and Technology.
This is the latest appointment in Advent’s Operating Partner Program, a long-established and successful element of the firm’s highly operational approach to investing. The program includes over 70 senior industry executives, many of whom have been involved in multiple Advent investments. These executives typically assist in activities such as finding attractive investment opportunities, conducting due diligence, and creating and driving value creation plans for Advent’s portfolio companies.
Stephen Hoffmeister, Managing Director in Advent International’s industrial group, said, “Nance Dicciani’s deep experience and reputation in the chemicals and materials industry will be a terrific complement to our long-standing investment efforts in the sector. We look forward to having her on board and to working together to develop attractive investment opportunities and support our portfolio companies in the sector.”
Commenting on her new role, Ms. Dicciani said, “Advent has a superior track record in chemicals and materials globally, and I am excited to be working with the firm. I look forward to sharing my industry knowledge and working closely with the team at Advent to acquire and grow leading companies in the sector.”
Advent International has been active in the chemicals and materials sector for over 20 years and has invested in more than 20 companies. Advent’s recent investments in the sector include: Oxea, one of the world's leading producers of Oxo chemicals; Deutek, Romania’s largest decorative paints producer; and Vinnolit, Germany’s leading specialty PVC producer.