Vermeg to Change Lead Investor as Advent International Acquires Stake from Charterhouse and Founder

TUNIS – Vermeg, the technology group founded in Tunisia by entrepreneur Badreddine Ouali, is set to undergo a significant change in its shareholder structure. American investment firm Advent International has signed an agreement to acquire the company from Charterhouse Capital Partners and its founder. The deal also includes a minority stake from a subsidiary of the Abu Dhabi Investment Authority (ADIA), the sovereign wealth fund of Abu Dhabi.

A New Chapter for an International Player

This transaction marks a new phase for Vermeg, which has established itself as a key international player in software solutions for financial institutions and insurance companies. If the agreement is completed as planned, the group will gain new resources to accelerate product development, enhance its artificial intelligence capabilities, and strengthen its presence in international markets.

Notably, the deal does not signal the departure of founder Badreddine Ouali. He will retain a stake in the company’s capital and remain involved in the group’s strategic direction and client relations in his capacity as Vice President. Charterhouse, which has supported Vermeg since 2020, will thereby complete its exit from the investment. Mike Ettling, an Advent operating partner and experienced technology sector leader, is set to assume the presidency of Vermeg once the transaction is finalized.

Strategic Focus: Accelerating Technological Development

Beyond the change in ownership, the primary focus lies in enhancing Vermeg’s development capabilities. Advent intends to support the company in accelerating its technological investments, particularly in:

• Software Solutions: Enhancing core product offerings.
• Artificial Intelligence: Integrating advanced AI capabilities.
• Global Client Relations: Strengthening connections with clients worldwide.

Vermeg operates in two specialized markets:

1. Capital Markets: The group provides software dedicated to post-trade financial operations and collateral management. These solutions are utilized by central banks, clearing houses, custodians, and other financial institutions.
2. Life and Health Insurance: Vermeg develops software that enables insurers to manage their contracts and operations. Its activities in this sector are particularly prominent in France and the Benelux region.

This positioning in highly regulated sectors is a critical component of Vermeg’s business model. Financial institutions and insurers require IT systems capable of managing complex operations, meeting regulatory requirements, and ensuring business continuity.

From Tunis to the Global Stage

Founded in 1993 by Badreddine Ouali, Vermeg exemplifies the trajectory of a technology company that started in Tunisia and built a presence across multiple international markets. Advent’s entry into its capital represents a new milestone in this evolution.

The American fund, which managed over $109 billion in assets as of June 30, 2026, brings extensive experience in international investments, particularly in the technology and financial services sectors. For Vermeg, the challenge now is to translate this new financial and strategic support into commercial growth, technological innovation, and a strengthened position in the markets where it already operates.

The transaction is expected to be finalized in the first quarter of 2027, subject to regulatory approvals and customary closing conditions. Neither the acquisition price nor the valuation assigned to Vermeg has been disclosed.