Advent’s Funeral Chain Sale Yields Novel Court Ruling (Correct)

Advent International Corp. escaped a complex dispute over its sale of a funeral chain, but a judge issued a first-of-its-kind ruling ordering the private equity firm to face a related criminal case in Mexico.

The decision Tuesday appears to all but end litigation in Delaware’s Chancery Court over the $225 million transaction handing Mexico’s oldest funerary business, Grupo Gayosso SA de CV, to an acquisition vehicle for a Mexican real estate investor. The presiding judge gave the investment firm a win when she said a family holding company violated its indemnification agreement with several Advent funds by filing fraud ...