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

Shar Dubey and Mandy Ginsberg will play key roles in building out Advent’s consumer technology practice and work collaboratively with the firm’s consumer and technology investment teams and the management teams of its portfolio companies, Advent said in a statement.

Both served terms as CEO of Match Group, a leading provider of digital technologies designed to help people make meaningful connections, and both were instrumental in developing the online dating category, growing the business, and leading the preparation and spin-off of Match Group from international consumer internet conglomerate InterActiveCorp in 2020.

Ginsberg was CEO from 2018 to 2020 before transitioning the role to Dubey, who held the position until May. During the combined four-plus years of their leadership, Dubey and Ginsberg helped grow Match Group’s revenue and adjusted operating income by approximately 125 percent, respectively, Advent said in a statement.

“Both executives have an innate understanding of how to build market leaders and digital communities, and as technology becomes a greater part of our lives, community is now more important than ever,” Tricia Glynn, managing director on Advent’s consumer team, said in a statement.

Glynn says consumer tech is a “high-growth sector” that the firm believes is a strategic fit for its investment strategy and operating model—”especially with the guidance and partnership of Shar and Mandy.”

Dubey said she was excited about the opportunity to join Advent and work with Ginsberg.

“I’m excited to work with Advent alongside one my closest personal and professional friends in Mandy,” Dubey said in a statement. “As one of the largest and most recognized alternative investors, I have been impressed with the well-thought-out strategy and executed steps Advent has taken to scale some of the world’s most prominent companies across the retail, consumer, leisure, and technology spaces. I am eager to begin working closely with portfolio companies to help strategize, identify and implement meaningful growth opportunities.”

Ginsberg shared the same sentiment.

“The consumer technology industry is a highly attractive and evolving sector that offers innovative products, services, and experiences that can meaningfully improve and impact lives in a variety of categories from health and relationships to travel and entertainment,” Ginsberg said in a statement. “After working hand-in-hand with Shar for many years, it’s a pleasure to have the opportunity to partner with her again in a new venture and to provide our collective insights to dynamic digital businesses.”

Bryan Taylor, managing partner and head of Advent’s technology team said that Dubey and Ginsburg have impeccable work records and are respected professionals who “we believe will provide significant value add to our portfolio companies and their management teams while also serving as key advisors to our investment staff.”

READ NEXT: The Perfect Match: Shar Dubey Opens Up About Her Journey to the Top of Dallas-Based Match Group

Prior taking the helm as Match Group CEO, Dubey had a number of roles within IAC and its brands, including president of Match Group, chief operating officer of Tinder, president of Americas at Match Group, chief product officer of the Princeton Review, and Tutor.com, and chief product officer at Match.com and Chemistry.com.

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

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

Prior to leading Match Group as global and North America CEO, Ginsberg held numerous roles at IAC over 14 years, including CEO of the Princeton Review and Tutor.com and president of Match.com.

Ginsberg previously was a vice president of marketing at i2 Technologies and advised consumer technology clients as a vice president at public relations firm Edelman.

Ginsberg began her career in marketing in the high-tech sector in Tel Aviv, Israel. Ginsberg serves on the board of directors at Uber Technologies and ThredUp. Previously, she served as a director at Match Group, Plano-based J.C. Penney Co., and Care.com.

Advent International was formed in 1984 and is one of the largest and most experienced global private equity investors. It has invested in more than 400 private equity investments across 41 countries, and as of June 30, had $96 billion in assets under management.

With 15 offices in 12 countries, Advent has established a globally integrated team of 285 private equity investment professionals across North America, Europe, Latin America, and Asia. Advent focuses on investments in five core sectors, including business and financial services; healthcare; industrial; retail, consumer and leisure, and technology. 

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