Global private equity firm Advent International is set to expand its footprint in the European financial technology landscape through a significant agreement to purchase TBI Bank. This strategic move underscores Advent’s growing interest in the region’s banking and fintech sectors.
Acquisition Details
The transaction involves Advent taking ownership of TBI Bank from the 4finance Holding credit group. Financial specifics indicate that over 75% of the purchase price will be settled immediately upon closing, with the remainder scheduled for payment within an 18-month timeframe. Notably, the agreed valuation reportedly surpasses the bank’s asset value recorded at the close of 2024.
Overview of TBI Bank
TBI Bank has built a presence across Bulgaria, Romania, and Greece. It serves a substantial customer base exceeding 2.4 million individuals, facilitated through an extensive network of approximately 32,000 partner merchant locations. The bank demonstrated strong financial performance in 2024, achieving a record net income of €50 million, which represents an 18% increase compared to the previous year.
Advent’s Strategic Investments
Advent International boasts a diverse and global portfolio of investments within the banking and fintech industries. Prominent holdings include stakes in Brazil’s Nubank, India’s KreditBee, and Germany’s Aareal Bank. This acquisition follows Advent’s earlier investment in the Bulgarian fintech sphere, having purchased myPOS in February 2024. myPOS provides services to over 190,000 small and medium-sized enterprises across more than 30 European nations.
Synergies and Next Steps
The integration of TBI Bank into Advent’s portfolio is anticipated to fuel the bank’s market expansion efforts. Concurrently, the acquisition is expected to bolster the position of myPOS among small businesses throughout Europe. The completion of this significant deal is contingent upon receiving the necessary regulatory approvals, with finalization anticipated during the fourth quarter of 2025.
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