Advent International has entered into a definitive agreement to acquire TBI Bank, a leading digital challenger bank in Southeast Europe, from consumer lending group 4finance Holding.

The deal is expected to close in the final quarter of 2025, subject to regulatory approvals.

Although financial terms were not officially disclosed, local media reports value the transaction at more than €300m. The acquisition marks Advent’s continued expansion into European financial services, aligning with its strategy of backing digital-first, high-growth platforms in emerging markets. Learn more about mergers and acquisitions in the CEE area by joining the CEE Private Equity Conference in Warsaw. 

TBI Bank serves over 2.4 million clients and operates more than 32,000 merchant partner checkout points across Bulgaria, Romania, Greece, Germany, and Lithuania. According to data from the Bulgarian National Bank, TBI had €1.79bn in assets at the end of 2024, making it the ninth-largest bank in Bulgaria by asset size.

The acquisition positions Advent to capitalise on TBI’s strong regional footprint, scalable digital infrastructure, and accelerating demand for embedded financial services in retail ecosystems.

Source: Sofia Globe