site.btaEuropean Commission Approves Advent International’s Full Acquisition of Bulgaria’s TBI Bank

The European Commission has approved, under the EU Merger Regulation, the acquisition of sole control of TBI Bank EAD of Bulgaria by Advent International L.P. (‘Advent') of the US, the Commission said in a press release on Tuesday.

The transaction relates primarily to the banking sector in Bulgaria, Greece and Romania.

The Commission concluded that the notified transaction would not raise competition concerns, given the companies' limited market positions resulting from the proposed transaction. The notified transaction was examined under the simplified merger review procedure.

The digital consumer lending group 4finance Holding S.A. finalized the agreement to transfer ownership of TBI Bank to Advent International in the second half of April 2025.