TBI Bank to be acquired by US private equity investor Advent International

4finance Holding S.A. has signed a definitive agreement to sell TBI Bank to Advent International, a leading global private equity investor from United States, through its subsidiary TBI Financial Services B.V. The transaction is subject to customary regulatory approvals and is expected to close in Q4 2025.

TBI Bank is present in 32,000 merchant partner check-out points in its main markets of operation, Bulgaria, Romania and Greece. In 2024, tbi recorded a net profit of EUR 50m, 18% higher year-on-year based on audited consolidated financial results.

Petr Baron, CEO, TBI Financial Services B.V., commented: “The tbi team and I are very excited to start a new chapter in our journey toward becoming a leading regional challenger bank. The support of Advent will unlock significant opportunities for us to accelerate the execution of our strategy and enhance the way we serve our clients. We are proud of what we have accomplished so far, and we are grateful to Advent for their trust and confidence in us.”

Ranjan Sen, Managing Partner, Advent, commented: “4finance developed tbi into a digital-first, agile and customer focused organisation. We have a shared vision for helping to shape the future of banking and are excited to partner with the management team to support them as they continue to scale and provide innovative solutions for customers.”