European Commission Approves Advent International’s Full Acquisition of Bulgaria’s TBI Ban

The European Commission (EC) has approved the full acquisition of Bulgaria’s TBI Bank by U.S.-based global private equity investor Advent International. The Commission reviewed the transaction under the EU Merger Regulation, the EC said in a statement.

The deal primarily concerns banking operations in Bulgaria, Greece, and Romania.

The Commission said that the acquisition will not harm competition, given the limited market share of the company being acquired. The review was conducted under a simplified 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.