The American investment company Carlyle Group Inc. has entered into an agreement to acquire a controlling stake in Adastra Group SE for $400 million, including debt obligations. This is reported in a press release from Carlyle.
The Carlyle Group is conducting the transaction through Carlyle Europe Technology Partners V, a fund for investments in technology companies in Europe, and Carlyle Asia Partners Growth II, a fund for investments in fast-growing companies in Asia.
In partnership with the founders of Adastra, who will retain a significant minority stake, Carlyle will support its data processing, cloud technology, and artificial intelligence businesses to expand its presence in international markets through targeted mergers and acquisitions.
Adastra is a multinational technology consulting company in the field of digital data transformation, cloud computing, and artificial intelligence for clients in finance, insurance, automotive, and retail. The company employs more than 2,000 people. The headquarters are located in Prague (Czech Republic) and Toronto (Canada).
Carlyle Group Inc. is an American multinational investment company in the field of private equity, alternative asset management and real estate. The company manages assets worth $435 billion. It is headquartered in Washington, DC (USA) with offices in 68 countries.
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