advent

Advent calendars have evolved beyond just offering a picture or a little chocolate behind each door.

Fisher Investments, the money management firm run by the billionaire Ken Fisher, sold a stake to Advent International and an arm of Abu Dhabi’s sovereign wealth fund at a $12.75 billion valuation.

The church recognizes “ordinary time” in the liturgical calendar as the days between the holy seasons of Lent and Advent.

During the Advent season, they pray thousands of Hail Marys as they roll the dough or cover the sweets with sugar.

Aimbridge is owned by private equity firm Advent International, which did not immediately respond to a request for comment.