Finastra to sell treasury and capital markets unit to Apax Funds

Gulf Business

19-05-2025

Image: Getty Images/ For illustrative purposes
Financial software company Finastra has entered into an agreement to sell its treasury and capital markets (TCM) business unit to an affiliate of private equity advisory firm Apax Partners, the companies said on Monday.
The TCM unit, which serves more than 340 financial institutions globally, will be rebranded and operate as a standalone business following the transaction.
Finastra said the move would streamline its operations and allow it to reinvest in core areas of its financial services software portfolio.
'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,' said Finastra CEO Chris Walters. 'It will provide capital to accelerate our strategy and reinvest in our core business.'
Finastra TCM offerings
TCM's software offerings — including Kondor, Summit, and Opics — support a range of front-to-back office functions in trade lifecycle management, risk, and regulatory compliance.
The unit is embedded within the global banking infrastructure and will now look to expand its technological capabilities under Apax ownership.
Apax said it sees long-term value in the platform and intends to support the business with investments in product development, marketing, and cloud infrastructure.
'TCM is a robust, mission-critical platform with leading functionality and an impressive customer base,' said Jason Wright, Partner at Apax. 'We see significant potential to invest in technology, talent, and customer relationships to accelerate innovation and growth as a standalone company.'
Gabriele Cipparrone, partner at Apax, added: 'With the backing of the Apax Funds, we expect TCM to benefit from accelerated innovation and enhanced operations, delivering even greater value to its clients.'
The transaction is expected to close in the first half of 2026, pending customary closing conditions and employee consultations.
Financial terms were not disclosed.
Finastra counts 45 of the world's 50 largest banks among its clients
Apax Funds have a history of investing in software firms, including Paycor HCM, Zellis Group, IBS Software and Azentio, and have completed several corporate carve-outs in the tech sector.
Evercore acted as lead financial advisor to Finastra and Vista, with Perella Weinberg Partners also advising Finastra. Deutsche Bank advised Apax. Legal counsel was provided by Kirkland & Ellis for Finastra and Simpson Thacher & Bartlett for Apax.
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