Multifonds: Montagu Private Equity Acquires Fund Software Leader

In a significant move in the private equity sector, Montagu Private Equity has agreed to acquire Multifonds, a leading provider of fund accounting and transfer agency software, from its corporate parent, Temenos AG. Multifonds, founded in 1995 and notable for its proprietary technology servicing over $10 trillion in assets, plays a critical role in the global financial infrastructure by providing comprehensive back- and middle-office fund services. This carve-out transaction aligns with Montagu's strategic focus on nurturing businesses that provide essential products in growing markets. Montagu, with extensive experience in technology solutions for financial services, aims to leverage their expertise in carve-out transactions to further Multifonds' growth as a standalone business under its existing management. The deal underscores Montagu’s commitment to the financial services technology sector and their prowess in executing carve-out deals, showcasing their investment and sector innovation capabilities. Post-acquisition, Multifonds will operate independently with ambitions for international expansion supported by Montagu's extensive sector knowledge.