Finastra's TCM Division Acquisition by Apax Hinges on Regulatory Approval
Deal News | Jun 02, 2025 | CEE Legal Matters
Filip & Company, in collaboration with lead counsel Simpson Thacher & Bartlett, is advising Apax Partners on its proposed acquisition of Finastra's Treasury and Capital Markets (TCM) division. The acquisition, which is pending regulatory approval, involves transforming TCM into a standalone entity under a new brand. Finastra is a financial software company known for products such as Kondor, Summit, and Opics, with a wide client base of over 340 financial institutions worldwide. This transaction represents a significant development in the fintech sector. The Filip & Company advisory team is composed of Partners Alina Stancu Birsan and Ioan Dumitrascu, Senior Associate Simona Despa Ungureanu, and Associate Valeriu Iliescu. However, Filip & Company did not respond to inquiries on the matter.
Sectors
- Financial Services
- Private Equity
- Technology
Geography
- Global – Finastra has a client base of over 340 financial institutions globally, highlighting the international scope of the transaction.
- CEE – Filip & Company, a law firm mentioned in the article, is based in Central and Eastern Europe, indicating regional involvement.
Industry
- Financial Services – The acquisition involves Finastra, a financial software company, providing significant services to financial institutions.
- Private Equity – The article focuses on Apax Partners, a private equity firm, and its strategic acquisition plan.
- Technology – The transaction involves Finastra's software products and their technological transformation in the fintech space.
Financials
- Not Disclosed – The financial terms of the acquisition have not been disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Apax Partners | Bidding Company | Company | A private equity firm aiming to acquire the Treasury and Capital Markets division of Finastra. |
| Finastra | Target Company | Company | A financial software company with products like Kondor, Summit, and Opics. |
| Filip & Company | Legal Advisor | Company | A law firm advising Apax Partners on the transaction. |
| Simpson Thacher & Bartlett | Lead Counsel | Company | Working as the lead counsel for Apax Partners in this acquisition. |