Advent International has engaged Morgan Stanley to explore a potential sale of its stake in Tigre SA, a Brazilian manufacturer specializing in pipe and hydraulic systems. The private equity firm, which acquired a controlling interest in Tigre in 2019, is now seeking to divest its holding.

Tigre is a prominent player in the Brazilian market, known for its production of PVC pipes, fittings, and other related products for construction and infrastructure. The company has a significant domestic presence and has also expanded its reach internationally.

Advent's decision to explore a sale comes as the firm continues to manage its portfolio of investments. The potential divestment of Tigre could signal a shift in Advent's strategy or an opportunistic move to realize gains from its investment. Morgan Stanley will lead the efforts to find a buyer for Advent's stake, which could include strategic acquirers or other financial sponsors. The timeline and valuation for the potential sale remain undisclosed, but the process is expected to attract significant interest from industry players and investors alike.