The embargo is in effect until December 6, but the judge can extend the order, according to the document seen by Bloomberg News.
Advent declined to comment on the order. The Mexico City Attorney General’s Office said it would not comment on the ongoing investigations.
The freezing of assets and shares does not affect the daily operations of companies.
Advent faces a civil lawsuit and a criminal complaint from Servicios Funerarios GG, which bought Gayosso from other funds managed by the private equity firm last year. GG Funeral Services claimed Advent was concealing debt, mostly related to previously sold funeral packages, according to court documents.
Last month, the same judge issued arrest warrants for six people, including current and former Advent executives, following an investigation by Mexico City prosecutors.
Advent previously said the criminal prosecution was without merit and an attempt to add pressure on the civil suit. Advent’s external representative in Mexico further said Servicios Funerarios GG had participated in 15 months of talks, including a full due diligence process in which it had full access to company executives and records.
Carlos Paz, an executive with Advent in Mexico, filed a court order Nov. 7 to block the arrest warrant issued against him, according to publicly available court records. Paz requested a hearing with the judge who issued the arrest warrant, according to a November 24 filing.
Paz did not respond to emails seeking comment.
