Apax-backed Fibonacci Group Acquires Quid Group and Cabel from Equinox

January 25, 2025

Funds advised by Apax Partners have backed the Fibonacci Group in the acquisition of Quid Group and its subsidiary Cabel from Equinox. The deal strengthens Fibonacci's position as a pan‑European financial software platform—combining Quid's cloud‑native credit lifecycle software and Cabel's core banking / BaaS capabilities—and expands the group's scale to over 1,500 employees and approximately €210m in revenues.

Buyers
Fibonacci Group, Apax Partners LLP
Targets
Quid Group, Cabel
Sellers
Equinox
Platforms
Fibonacci Group
Industry
Software
Location
Tuscany, Italy
Transaction Type
Addon

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