Carlyle Agrees to Buy 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.

The US investment firm is pursuing the deal via Carlyle Europe Technology Partners V and Carlyle Asia Partners Growth II, according to a statement on Tuesday that confirmed an earlier Bloomberg News report. Adastra founders will retain a significant minority stake and stay on with the business.