Advent International and Multiples Invest $230M in Svatantra Microfin

Advent International to Acquire tbi bank

April 22, 2025

Financial Services

Advent International has signed a definitive agreement to acquire tbi bank, a tech-led challenger bank active in Southeast Europe. tbi serves over 2.4 million customers across Bulgaria, Romania and Greece, partners with more than 32,000 merchants and issued nearly 1,000,000 loans in 2024; the transaction is subject to customary regulatory approvals and terms were not disclosed.

Beech Tree Private Equity Invests in Advanta Solutions

January 6, 2021

Wealth Management

Beech Tree Private Equity has made a significant investment in Advanta Solutions to accelerate organic growth and fund a multi-acquisition strategy. The capital will support recruitment of additional advisers, expansion of Advanta Wealth’s services (including mortgage and insurance brokerage) and target acquisitions of owner-managed financial advisory firms; Beech Tree directors have joined the Advanta board.

Advent International to Acquire Significant Stake in Suven Pharmaceuticals

December 26, 2022

Pharmaceuticals

Advent International has entered into a definitive agreement to acquire a significant stake in Suven Pharmaceuticals from the Jasti family and will make an open offer for an additional 26% of public shares. Advent plans to evaluate a merger of its CDMO and API platform company, Cohance Lifesciences, with Suven to create a scaled end-to-end CDMO + merchant API powerhouse serving pharma and specialty chemical markets, subject to board and regulatory approvals.

Advent International Leads Growth Investment in Assembly, Valuation Tops $1B

September 21, 2021

Cloud & SaaS

Advent International led a strategic growth investment in Assembly, with participation from prior investor PSG, pushing Assembly's valuation above $1 billion. The capital will fund product and capability expansion, platform integrations, further M&A, and the hire of 200+ employees to scale the e-commerce SaaS and data platform.

Advent International Acquires Majority Stake in Siesa

December 2, 2024

Software

Advent International has acquired a majority stake in Siesa, the largest independent ERP provider in Colombia, from Siesint Holdings and former Siesa employees. The co-founder will remain a minority shareholder; Advent said it will support Siesa's next growth phase by investing in product innovation and expanding its offering across retail, hospitality and other industries.

Bain Capital to Acquire 90% Stake in Adani Capital and Adani Housing Finance

July 23, 2023

Financial Services

Bain Capital has entered into a definitive agreement to acquire 90% of Adani Capital and Adani Housing (Adani Housing Finance), buying out the Adani family's private investments while Gaurav Gupta will roll his stake and remain CEO. Bain is committing approximately $120 million (INR 1,000 crore) of primary capital and providing a $50 million liquidity line to support growth as the lenders scale MSME, housing and rural lending; the deal is expected to close in Q4 2023 subject to approvals.