Dentons advises Adastra in its sale to The Carlyle Group
In a significant move, US-headquartered global investment firm Carlyle has acquired a majority stake in Adastra Group, a leading global consulting firm specializing in data, cloud, and AI solutions. The deal, valued at approximately $400 million, will support Adastra's growth and international expansion through organic investments and targeted M&A.
The transaction in the IT consultancy and services industry was advised by a team of legal professionals from Dentons, the global law firm. The cross-border legal team, led by M&A partners David Šimek, Rob Irving, and Kamran Pirani, represented the founders of Adastra Group throughout the sale process.
Carlyle will invest from its funds Carlyle Europe Technology Partners V and Carlyle Asia Partners Growth II, which focus on technology investments in Europe and Asia, respectively. This investment will enable Adastra to extend its international presence and enhance its data, cloud, and AI offerings.
Adastra, headquartered in Toronto and Prague, reported $220 million in revenue in 2023, serving sectors such as financial services, automotive, manufacturing, telecoms, healthcare, retail, and professional services. The founders retain a significant minority stake and will continue to lead the company.
CEO Rob Turner and COO Pavel Kysela expressed excitement about the partnership with Carlyle, stating that they believe the collaboration will unlock a new phase of growth for Adastra and capitalize on the global market for AI, data, and cloud services. They also thanked the Dentons team for their invaluable guidance and support throughout the process.
The Dentons team included partners Neil McKnight, Tobias Bünten, Sascha Grosjean, Larry Nevsky, and counsels Lukaš Poulík and Tomáš Pavelka. Senior associates Sebastian Ishiguro, Daniel Safi, Kryštof Vrtek, Abbey Varns, Kateřina Kučerová, Anna Kolodrubcová, Dušan Korbel, Robert Květoň, Tereza Krejčová, Brigitta Kovacs, Aliz Wulcz, and Alex Williams were also part of the team.
On July 24, 2025, the deal was finalised, marking a new chapter in Adastra's journey. The company looks forward to working with the Carlyle team and achieving even greater success in the future.
The investment from Carlyle's funds, specifically Carlyle Europe Technology Partners V and Carlyle Asia Partners Growth II, will not only help Adastra extend its international presence but also enhance its technology offerings in data, cloud, and AI. As Adastra is majorly focused on sectors like finance, business, and technology, this partnership with Carlyle is expected to unlock a new phase of growth for the company and capitalize on the global market for these services.
