Global investment firm Carlyle has announced its acquisition of a majority stake in Adastra Group SE, a global IT consultancy specializing in data, cloud, and AI transformations, in partnership with its founders.
Founded in 2000 and headquartered in Prague and Toronto, Adastra supports clients throughout their data, cloud, and AI journeys. With a workforce of over 2,000 employees, the company caters to enterprise clients and has expertise in sectors like financial services, insurance, automotive, and retail.
Carlyle plans to enhance Adastra’s offerings and expand its international presence through organic growth and targeted mergers and acquisitions. Funding will be provided by Carlyle Europe Technology Partners V (CETP) and Carlyle Asia Partners Growth II (CAPG), both of which focus on high-growth technology investments. Carlyle will leverage its experience in scaling leading IT service companies globally.
KEY QUOTES:
“This is an exciting and transformative step for Adastra. With Carlyle’s deep experience and global network, we believe we can unlock a new phase of growth for the business and capitalise on the substantial opportunity in the global market for AI, Data, and Cloud services. We would like to thank the team for all the hard work that has made Adastra the business it is today, and we look forward to this partnership with the Carlyle team.”
Rob Turner, CEO at Adastra, and Pavel Kysela, COO at Adastra
“We are pleased to partner with Adastra’s founders to back Rob, Pavel and their team, who together have built the company into a specialized, global data, cloud and AI services leader with a proven value proposition. In our view, there is a significant opportunity to expand Adastra’s presence in the large, fast-growing and attractive global market for data, analytics, cloud, and AI transformations. With Carlyle’s resources, global footprint, and deep experience in this space, we believe Adastra is well-positioned to further accelerate its growth trajectory through a combination of organic initiatives and M&A.”
Vladimir Lasocki, Co-Head of the CETP investment advisory team, and Greg Zeluck, Co-Head of the CAPG investment advisory team
