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Bloomberg reported. TCP was founded in 1998 after winning the container terminal bid for the Paranaguá Port conducted by the State of Paraná. TCP is currently one of the most productive container terminals in Brazil, allowing the shortest vessel port turnaround time. TCP currently is capable of handling 1.5 million TEUs per year, has about 320 thousand square meters of warehousing area and an 879-meters quay wall with up to 3 berths. In April this year, TCP had its concession renewed early by 25 years after the Brazilian government approved TCP’s R$1.1bn (US$310m) investment plan. The Secretaria de Portos granted the contract renewal, beginning in 2023. During the first phase of the project, which is scheduled to be completed by the end of 2018, R$540m (US$154m) will be invested to expand the facility in Paraná state in southern Brazil, said Container Management magazine. In addition, TCP also committed to investing R$550m (US$154m) over the next 35 years. The expansion will include extending the pier by 220 m to 1,100 m in quay length, the construction of dolphin structures to be used exclusively for the operation of vehicle carrier vessels, and the enlargement of the terminal’s yard area from 320,000 sq m to 500,000 sq m by 2018. By 2019, TCP is expected to increase its handling capacity by 67% from 1.5m teu to 2.5m teu per year. Advent International has invested in more than 300 private equity transactions in 40 countries and, as of March 31, 2016 has €37 billion in assets under management. Advent was founded in Boston, Massachusetts in 1984, as a spin-out from TA Associates by Peter Brooke. Brooke had founded TA Associates in 1968 after having expanded the venture capital operations of TA’s parent Tucker Anthony & R.L. Day. With offices on four continents, the firm has established a team of over 170 investment professionals across North America, Europe, Latin America and Asia. The firm focuses on investments in five core sectors, including business and financial services; healthcare; industrial; retail, consumer and leisure; and technology, media and telecom.]]>