Finastra has agreed to divest its Treasury and Capital Markets (TCM) business unit to an affiliate of Apax Partners, a private equity advisory firm.
Following the completion of the transaction, TCM will operate independently and will undergo rebranding.
Finastra CEO Chris Walters said: “This sale marks an important milestone for Finastra that will help further launch our next phase of growth with a focused suite of mission-critical financial services software.
“It will provide capital to accelerate our strategy and reinvest in our core business, while providing our award-winning TCM platform with the backing of an experienced, long-term technology investor to support its continued success moving forward.”
TCM serves over 340 financial institutions, providing solutions for risk management, regulatory compliance, and capital markets operations. Its software offerings, including Kondor, Summit, and Opics, facilitate comprehensive trade lifecycle management and operational efficiency, reflecting decades of industry experience and established client relationships.
The divestiture aims to streamline Finastra’s portfolio and generate capital for reinvestment, reinforcing its position as a leading software provider in the financial services sector.
Finastra continues to focus on its extensive customer base across 135 countries, delivering advanced technology and domain expertise to major financial institutions and corporations.
As an independent entity under Apax’s guidance, TCM plans to enhance its product development, marketing, and technological infrastructure to address the changing demands of its clients.
The Apax Funds will assist TCM in refining its strategic and operational focus, improving customer experience, and advancing technological capabilities, particularly in cloud services. Apax has a notable track record of investments in the application software industry, with previous engagements including Paycor HCM and Zellis Group.
The transaction is anticipated to close in the first half of 2026, pending customary closing conditions and consultations with employee representative bodies, where necessary.
Financial advisory services for Finastra were provided by Evercore, Perella Weinberg Partners, and legal counsel by Vista Equity Partners and Kirkland & Ellis. Deutsche Bank acted as financial advisor for Apax, with legal support from Simpson Thacher & Bartlett.
