TBI Bank to Be Acquired by Advent International

4finance Holding S.A. has signed a definitive agreement to sell TBI Bank EAD to Advent International, a leading global private equity investor from United States, through its subsidiary TBI Financial Services B.V. The transaction is subject to customary regulatory approvals and is expected to close in Q4 2025.

TBI Bank is a rapidly growing and highly profitable South-East European challenger bank that is evolving from an embedded finance model into a broader ecosystem integrator. tbi is already playing a key role in the convergence of merchants and consumers in its markets with its one-stop mobile-led financial and lifestyle proposition.

TBI Bank is present in 32,000 merchant partner check-out points in its main markets of operation, Bulgaria, Romania and Greece, helping more than 2.4 million customers with their financial needs, utilizing its award-winning app. In 2024, tbi continued to show strong financial results with a record net profit of EUR 50m, 18% higher year-on-year based on audited consolidated financial results, whilst maintaining strong liquidity and capital positions.

As a global financial investor with local experience, Advent is well positioned to partner with TBI Bank’s management team to support its strategic growth plan. Advent’s investment approach is based on in-depth sector knowledge, combined with a strong team of seasoned industry executives and functional advisors.

Petr Baron, CEO, TBI Financial Services B.V., commented:
“The tbi team and I are very excited to start a new chapter in our journey toward becoming a leading regional challenger bank. The support of Advent will unlock significant opportunities for us to accelerate the execution of our strategy and enhance the way we serve our clients. We are proud of what we have accomplished so far, and we are grateful to Advent for their trust and confidence in us.”

Ranjan Sen, Managing Partner, Advent, commented: “4finance developed tbi into a digital-first, agile and customer focused organisation. We have a shared vision for helping to shape the future of banking and are excited to partner with the management team to support them as they continue to scale and provide innovative solutions for customers.”