Advent to acquire Vermeg from Charterhouse and its founder

Advent International has signed an agreement to acquire Vermeg from Charterhouse Capital Partners and founder Badreddine Ouali. A wholly owned subsidiary of the Abu Dhabi Investment Authority is participating as a minority co-investor. Ouali will remain a shareholder and serve as Vice Chairman.

Vermeg's capital markets business supplies post-trade processing and collateral management technology to central banks, clearing houses, custodians and buy-side and sell-side firms. Its life insurance business supplies policy administration technology to life and health insurers, mainly in France and the Benelux.

Advent Operating Partner Mike Ettling will become Chairman on completion. Completion is expected in the first half of 2027, subject to customary closing conditions, including regulatory approvals. No deal value was disclosed.