Carlyle to acquire majority stake in Adastra Group

Adastra Group announced that Carlyle (CG) has agreed to acquire a majority stake in the Group. Completion of the acquisition is subject to standard regulatory approvals in several jurisdictions. Founded in 2000 with headquarters in Prague, Czech Republic and Toronto, Canada, Adastra supports its customers throughout their AI, data, and cloud journey by defining data and AI-driven strategies and implementing transformative solutions to drive measurable business outcomes. It brings deep expertise in the financial services, automotive, manufacturing, TMT, healthcare, retail and professional services sectors. The company has more than 2,000 employees across North America, Europe and Asia. In partnership with Adastra’s founders, Carlyle will support the business in growing its leading data, cloud and AI offerings, supporting existing and new customers, as well as expanding its international presence via organic investments and targeted M&A. Equity for the investment will be provided jointly by Carlyle Europe Technology Partners V, a fund focused on investments in technology companies across Europe, and Carlyle Asia Partners Growth II, a fund focused on investments in high-growth companies across a range of sectors in Asia.