Adastra Group SE ("Adastra"), a leading global IT consultancy and services provider specializing in AI, data and cloud transformations today announced that Global investment firm Carlyle (NASDAQ:CG) has agreed to acquire a majority stake in the Group. Completion of the acquisition is subject to standard regulatory approvals in several jurisdictions.

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 ("CETP"), a fund focused on investments in technology companies across Europe, and Carlyle Asia Partners Growth II ("CAPG"), a fund focused on investments in high-growth companies across a range of sectors in Asia. Carlyle will leverage its longstanding track record of investing in and scaling up leading IT services companies globally.