Two Former Match Group CEOs Join Advent International as Operating Partners » Dallas Innovates

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Shah Darvey (left) and Mandy Ginsberg [FIle photos courtesy of Match Group]

Two former CEOs of Dallas-based Match Group have been appointed operating partners of Boston-based Advent International. Advent International is one of the largest and most experienced global private equity investors.

Shar Dubey and Mandy Ginsberg will play a key role in building Advent’s consumer technology practice, working alongside Advent’s consumer and technology investment teams and portfolio company executives, Advent said. said in a statement.

Both served as CEOs of Match Group, a leading provider of digital technology designed to help people make meaningful connections, leading the development of the online dating category, the growth of the business, and the preparation and spin-off of Match Group. made an effort to lead the International consumer internet conglomerate InterActiveCorp in 2020.

Ginsberg served as CEO from 2018 to 2020 before transferring the role to Dubey, who held the position until May. Together, Darby and Ginsburg have delivered more than four years of leadership, increasing Match Group’s revenue and adjusted operating profit by approximately 125% each, according to a statement from Advent.

Tricia Grin, Managing Director of Advent’s Consumer Team, said: statement.

Glynn said consumer tech is a “high-growth sector” and he believes it is a strategic fit for the firm’s investment strategy and operating model.

Dubey said he is excited about the opportunity to join Advent and work with Ginsberg.

“I am thrilled to be working with Advent alongside my closest personal and professional friends in Mandy,” Darby said in a statement. I am impressed with the thoughtful strategies and steps taken by Advent to expand some of the world’s most prominent companies in the retail, consumer, leisure and technology sectors. We look forward to beginning to work closely with our portfolio companies to strategize, identify and execute on opportunities.”

Ginsberg also shared the same sentiment.

“The consumer technology industry is highly attractive, offering innovative products, services and experiences that can meaningfully improve and impact lives in areas ranging from health and relationships to travel and entertainment. It’s an exciting and evolving field,” Ginsberg said in a statement. “After working with Shah for many years, we are delighted to have the opportunity to partner with her again on a new venture and bring our collective insights to a dynamic digital business.”

Bryan Taylor, managing partner and head of the technology team at Advent, said Dubey and Ginsburg are respected professionals with an impeccable track record. staff. “

Read the following: The perfect match: Shar Dubey on his journey to the top of the Dallas-based match group

Prior to his lead as CEO of Match Group, Dubey held several roles within IAC and its brands, including President of Match Group, Chief Operating Officer of Tinder, President of Match Group Americas, Chief Product Officer of Princeton Review, Tutor, and more. , played many roles. He is Chief Product Officer for .com, Match.com and Chemistry.com.

She previously served as director of product marketing and management at i2 Technologies and as an engineer at Dallas-based Texas Instruments. Dubey serves on the boards of Naspers Limited, Prosus NV, Fortive Corp., Match Group, and She MyFitnessPal.

She was named one of Fortune magazine’s “Most Powerful Women in Business” in 2021 and won Tech Leader of the Year in Vogue’s “Woman of the Year” awards.

Prior to leading Match Group as Global and North American CEO, Mr. Ginsberg spent 14 years at IAC in a number of positions, including CEO of Princeton Review and Tutor.com, and President of Match.com.

Previously, Ginsberg was vice president of marketing at i2 Technologies and served as vice president of public relations firm Edelman, advising consumer technology clients.

Ginsberg started his career in marketing in the high tech division in Tel Aviv, Israel. Ginsberg serves on the boards of Uber Technologies and his ThredUp. He previously served on the Board of Directors at Match Group, Plano-based He JC Penney Co., and Care.com.

Founded in 1984, Advent International is one of the largest and most experienced global private equity investors. He has invested in over 400 private equity investments in 41 countries and, as of June 30, has $96 billion in assets under management.

Advent has established a globally integrated team of 285 private equity investment professionals across North America, Europe, Latin America and Asia, with 15 offices in 12 countries. Advent focuses on investing in five core sectors including business and financial services. Healthcare; Industrial; Retail, Consumer & Leisure, Technology.