Advent to Acquire tbi Bank, Expanding Digital Finance Footprint in Southeast Europe #

Advent, a global private equity firm, has signed a definitive agreement to acquire tbi bank, a fast-growing digital-first challenger bank in Southeast Europe.

tbi operates in Bulgaria, Romania, and Greece, offering payment solutions through partnerships with over 32,000 merchants. With a customer base of 2.4 million and nearly one million loans issued in 2024 alone, tbi is a regional leader in tech-driven consumer finance.

Advent’s investment highlights its continued commitment to the Central and Eastern European (CEE) region. Ranjan Sen, Managing Partner at Advent, emphasized the firm’s shared vision with tbi for shaping the future of agile, customer-centric banking.

Petr Baron, CEO of tbi, said Advent is the right partner to help the bank scale its mission of building smarter, more accessible financial services. Advent brings deep experience in the financial sector, with past investments in firms like Nubank, KreditBee, and Addiko Bank.The firm has an established presence in the CEE region, including prior investments in Bulgaria and Romania. tbi’s digital-first model and customer-focused approach make it a strong fit for Advent’s investment strategy. The acquisition is subject to regulatory approvals and financial terms were not disclosed.

Advent currently manages over €88 billion in assets and has invested in 430 companies across 44 countries.With deep sector expertise and a global support network, Advent aims to accelerate value creation in its portfolio companies.