SCHEDULE 13G/A: Advent International Affiliates Maintain Majority Stake in Definitive Healthcare Corp. with Over 54% Ownership

Advent International and its affiliated entities have filed an amended Schedule 13G, confirming their beneficial ownership of 54.84% of Definitive Healthcare Corp.'s Class A Common Stock.

Summary

• This document is an Amendment No. 2 to a Schedule 13G filing by Advent International, L.P. and numerous affiliated entities (collectively, the "Reporting Persons").
• The filing reports the beneficial ownership of Class A Common Stock, par value $0.001 per share, of Definitive Healthcare Corp.
• As of March 31, 2025, the Reporting Persons collectively beneficially own 58,869,889 shares of Definitive Healthcare Corp.'s Class A Common Stock.
• This ownership represents 54.84% of the total 107,341,903 Class A Common Stock shares outstanding as of May 5, 2025.
• The outstanding share count was reported on Definitive Healthcare Corp.'s 10-Q filed with the SEC on May 8, 2025.
• The Reporting Persons hold sole voting power and sole dispositive power over these 58,869,889 shares, with no shared voting or dispositive power reported by any entity.
• The filing is made under Rule 13d-1(c) and Rule 13d-1(k)(1) for joint filing, indicating a passive investment purpose.

Sentiment

Score: 5

Explanation: The document is a factual, legally mandated disclosure of beneficial ownership and does not contain qualitative statements or financial performance data that would indicate a positive or negative sentiment. It simply updates the ownership stake of a major investor.

Positives

• The significant ownership stake by Advent International, a major private equity firm, indicates a strong, long-term commitment to Definitive Healthcare Corp.
• The concentration of voting and dispositive power within Advent International's various entities suggests a unified investment strategy and stable control.

Future Outlook

NA

Industry Context

This filing reflects the continued significant investment by Advent International, a prominent private equity firm, in the healthcare technology sector through its substantial stake in Definitive Healthcare Corp. While the document itself does not provide industry analysis, Advent's sustained majority ownership suggests a long-term strategic interest in the data and analytics segment of the healthcare industry.

Stakeholder Impact

• Shareholders: The continued majority ownership by Advent International ensures stability in the company's control structure but also means minority shareholders have limited influence over strategic decisions.
• Management: The significant ownership by Advent International implies strong oversight and potential strategic direction from the private equity firm.

Key Dates

Keywords

Definitive Healthcare Corp., Advent International, Schedule 13G/A, beneficial ownership, Class A Common Stock, SEC filing, institutional ownership, private equity, healthcare technology, DHC