{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-24-074665","form_type":"8-K","ticker":"ADV","cik":"0001776661","company_name":"Advantage Solutions Inc.","filed_at":"2024-06-18T23:59:59+00:00","discovered_at":"2026-05-14T18:03:20.045382+00:00","generated_at":"2026-06-01T03:56:31.603406+00:00","sec_items":["7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Advantage Solutions to sell Jun Group to Verve Group for $185M; proceeds to pay down debt","bullets":["Gross proceeds of ~$185M; $130M cash at close plus two installments at 12 and 18 months post-close.","Jun Group comprised <5% of 2023 consolidated gross revenue and <10% of 2023 Adjusted EBITDA.","Advantage expects low single-digit growth in FY2024 revenue and Adjusted EBITDA excluding divestitures.","Sale follows recent divestitures of Strong Analytics, The Data Council, Adlucent, Atlas Technology, and foodservice businesses.","Company remains committed to reducing net leverage ratio to below 3.5x."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-24-074665","json":"https://secwatch.observer/filing/0000950170-24-074665.json","markdown":"https://secwatch.observer/filing/0000950170-24-074665.md","text":"https://secwatch.observer/filing/0000950170-24-074665.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1776661/000095017024074665/0000950170-24-074665-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1776661/000095017024074665/adv-20240618.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-01T03:56:31.603406+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}