Advent International to Acquire tbi bank

AppDirect Acquires TBI

February 1, 2023

IT Services

AppDirect has acquired TBI, a North American technology services aggregator and advisor enablement business. The deal brings TBI’s advisor network, training programs and back‑office engineering support onto the AppDirect marketplace to expand its advisor base, broaden its catalog of technology solutions and enhance enablement and operational support for advisors and end customers.

Advent International and Multiples Invest $230M in Svatantra Microfin

March 4, 2024

Financial Services

Advent International and Multiples Private Equity will invest $230 million in Ananya Birla's Svatantra Microfin Pvt. Ltd., marking the largest PE investment in India's microfinance sector. The transaction (subject to regulatory approvals) will support the combined Svatantra–Chaitanya entity — which serves over 4.2 million customers and employs more than 17,000 people — to expand products, technology and analytics while the promoter group will remain a significant majority shareholder.

Advent International Acquires Significant Stake in Imperial Dade from Bain Capital

May 2, 2022

Logistics & Distribution

Advent International has signed a definitive agreement to acquire a significant stake in Imperial Dade, the leading North American distributor of foodservice packaging and janitorial supplies, from Bain Capital Private Equity. Bain Capital will retain board governance and remain a significant investor alongside the Tillis family and Audax, while Imperial Dade will continue to be led by Chairman Robert Tillis and CEO Jason Tillis; financial terms were not disclosed.

MVB Bank Acquires Majority Interest in Trabian Technology

April 19, 2021

Software

MVB Bank, a subsidiary of MVB Financial Corp., has acquired a majority interest in Trabian Technology, a software development firm that builds digital products and applications for community banks, credit unions, digital banks and fintechs. The deal strengthens MVB's fintech capabilities by adding technology expertise, a new revenue stream and talent while keeping Trabian's leadership and operations in place.

Abt Global Acquires TSPi

May 16, 2024

IT Services

Abt Global has acquired TSPi to integrate TSPi's digital capabilities, low-code/no-code platforms, cloud and data science expertise, and agile delivery into Abt's consulting and research offerings. The acquisition will expand Abt's ability to deliver citizen-centric, data-driven digital solutions for public sector clients worldwide.

Advent International to Take Nuvei Private in $6.3B Buyout

April 1, 2024

Payments & Fintech

Advent International agreed to acquire Nuvei for US$34.00 per share in an all-cash transaction that values the Canadian payments company at approximately US$6.3 billion. Existing major shareholders — Philip Fayer, Novacap and CDPQ — will roll a significant portion of their equity and remain as investors, with Philip Fayer continuing as Nuvei's Chair and CEO; the deal is expected to close in late 2024 or early 2025, subject to regulatory and shareholder approvals.