Advent International and Nextalia completed the acquisition of a 38.74% stake in Tinexta from Tecno for €266.7m.

Advent International, a private equity firm, and Nextalia, an Italian asset management platform, completed the acquisition of a 38.74% stake in Tinexta, a company that provides business solutions from Tecno, a financial company, for €266.7m. “Tinexta has a strong track record of innovation and is well-placed to become a European champion. Our investment in Tinexta reflects Advent’s commitment to backing leading growth-oriented businesses across Europe. Joining forces with Nextalia and Tecno Holding provides a unique opportunity to support the company’s next chapter, through enhancing its innovation capabilities, expanding internationally, and delivering long-term value," Francesco Casiraghi, Advent Managing Director.