Finastra Set to Divest Treasury and Capital Markets Division to Apax Funds
Deal News | May 19, 2025 | PR Newswire Cision Finastra
Finastra, a prominent global provider of financial software, has announced the sale of its Treasury and Capital Markets (TCM) division to funds advised by Apax Partners LLP, a leading private equity advisory firm. The transaction will result in TCM being rebranded and functioning as a standalone business. Through its suite of software products, TCM has served over 340 financial institutions, focusing on risk management, compliance, and capital markets operations. This sale is envisioned to streamline Finastra's portfolio, providing capital for reinvestment into its core business and facilitating strategic growth. Apax Funds will support TCM with investments in technology, talent, and operations to sharpen its focus and drive innovation. The transaction is anticipated to conclude in the first half of 2026, pending customary closing conditions and consultation processes.
Sectors
- Financial Software
- Private Equity
Geography
- United Kingdom – Finastra's headquarters are located in London, and Apax Partners is also regulated by the Financial Conduct Authority in the UK.
- Global – Finastra serves a global customer base in over 135 countries, and TCM is embedded in the global banking ecosystem.
Industry
- Financial Software – The article involves the transfer of a financial software division, TCM, from Finastra to Apax Funds, emphasizing its significance in financial technology and software solutions.
- Private Equity – Apax Partners LLP is a private equity firm acquiring a division of Finastra, demonstrating interest and activity in private equity transactions.
Financials
- $80 billion – Aggregate commitments raised and advised by Apax Partners LLP across their funds.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Finastra | Seller | Company | A global provider of financial services software applications. |
| Apax Partners LLP | Buyer | Company | A leading global private equity advisory firm. |
| Chris Walters | CEO of Finastra | Person | CEO at Finastra, responsible for announcing the transaction. |
| Jason Wright | Partner at Apax | Person | Partner at Apax, commenting on the potential for TCM under Apax's ownership. |
| Gabriele Cipparrone | Partner at Apax | Person | Partner at Apax, expressing excitement about partnering with TCM. |
| Evercore | Financial Advisor | Company | Provided financial advisory services to Finastra and Vista Equity Partners. |
| Vista Equity Partners | Involved with Finastra | Company | Investor working with Finastra in this transaction. |
| Kirkland & Ellis | Legal Advisor for Finastra | Company | Provided legal advisory services to Finastra. |
| Perella Weinberg Partners | Financial Advisor | Company | Also served as a financial advisor to Finastra. |
| Deutsche Bank | Financial Advisor for Apax | Company | Provided financial advisory services to Apax. |
| Simpson Thacher & Bartlett | Legal Advisor for Apax | Company | Provided legal advisory services to Apax. |