Advent International has agreed to acquire TBI Bank, a leading digital challenger bank in Southeast Europe, for over €300 million, aiming to leverage its robust regional presence and meet growing demand for embedded financial services.

Information on the Target

Advent International has signed a definitive agreement to acquire TBI Bank, a prominent digital challenger bank in Southeast Europe. The bank, which is part of the consumer lending group 4finance Holding, has created a formidable presence in the region, serving over 2.4 million clients. Its operations extend across multiple countries, including Bulgaria, Romania, Greece, Germany, and Lithuania, through a network of more than 32,000 merchant partner checkout points.

With reported assets of €1.79 billion at the end of 2024, TBI Bank ranks as the ninth-largest bank in Bulgaria by asset size. The bank's digital-first approach positions it well to cater to the evolving financial needs of its customers.

Industry Overview in the Specific Country

The banking industry in Southeast Europe is undergoing significant transformation, largely driven by technological advancements and shifting consumer preferences. Digital banking platforms are gai