Toronto-Based IT Firm Adastra Sold to Global Investment Firm Carlyle Group

Adastra Acquired by Global Investment Firm Carlyle

PRAGUE & TORONTO & LONDON & HONG KONG--(BUSINESS WIRE)--Jul 22, 2025-

Toronto-based IT firm Adastra sold to global investment firm Carlyle Group

TORONTO — IT company Adastra Group SE says global investment firm Carlyle Group Inc. has agreed to acquire a majority stake in the company. Adastra, which is co-headquartered in Toronto and Prague, Czech Republic, says it has more than 2,000 employees across several market-facing and global delivery centres. Terms of the agreement were not released. […]

Carlyle Agrees to Buy IT Firm Adastra in $400 Million Deal

(Bloomberg) — Carlyle Group Inc. has agreed to acquire a majority stake in IT consultancy and services provider Adastra Group SE.

Toronto-based Adastra, a tech consulting firm, sold to American private equity giant Carlyle

Acquisition extends the trend of global private equity firms acquiring Canadian tech companies

Carlyle Is Said to Acquire IT Firm Adastra in $400 Million Deal

Carlyle Group Inc. has agreed to acquire a majority stake in IT consultancy and services provider Adastra Group SE.

Carlyle to acquire majority stake in Adastra in deal valued at over $400m

Global investment firm Carlyle has agreed to acquire a majority stake in Adastra Group, a data, cloud, and AI services provider. While the value of the deal has not been disclosed, reports suggest the transaction is worth over $400m, including debt. The deal will see Carlyle partner with Adastra’s founders to scale the Prague- and Toronto-headquartered business, which has grown into a global IT consultancy with over 2,000 employees and deep sect…