Finastra to Sell Treasury and Capital Markets Division to Apax Funds
With a client base of over 340 financial institutions, TCM is a trusted enabler of risk management, regulatory compliance, and capital markets operations. Its suite of software products – most notably Kondor, Summit, and Opics – supports front-to-back trade lifecycle management, risk, compliance, and operations. Built on decades of intellectual property and long-standing client relationships, TCM is deeply embedded in the global banking ecosystem.
The sale of TCM will streamline Finastra's portfolio and generate capital for reinvestment to enhance the company's position as one of the world's leading software providers to financial services companies. Finastra remains focused on serving its diversified and established customer base in over 135 countries, offering deep domain expertise and best-in-class technology to many of the world's leading financial institutions and corporations.
"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 Chris Walters, CEO at Finastra. "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."
As an independent company working in partnership with the Apax Funds, TCM will be able to invest further in new product development, marketing and technology infrastructure to meet its customers' evolving needs. The Apax Funds will support TCM in sharpening strategic and operational focus, enhancing customer experience and accelerating technological advancements, including strengthening the company's cloud offering.
"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, drawing on our 25 years of experience scaling global software companies."
Gabriele Cipparrone, Partner at Apax, said: "We're excited to partner with the TCM team as the business begins a new chapter as an independent organization. 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."
Funds advised by Apax have a long history of investing across the application software industry. Notable investments include Paycor HCM, Zellis Group, ECi Software, OCS / Finwave, Azentio, EcoOnline and IBS Software. The Apax Funds also have extensive experience in supporting corporate carveouts in the software space.
The transaction is expected to close in the first half of 2026, subject to customary closing conditions and the completion of information and consultation processes with employee representative bodies, where required. Further terms of the transaction were not disclosed.
Evercore served as lead financial advisor to Finastra and Vista Equity Partners and Kirkland & Ellis served as legal advisor. Perella Weinberg Partners also served as a financial advisor to Finastra. Deutsche Bank served as financial advisor to Apax and Simpson Thacher & Bartlett served as legal advisor.
Finastra is a global provider of financial services software applications across Lending, Payments, Treasury and Capital Markets, and Universal (retail and digital) Banking. Committed to unlocking the potential of people, businesses and communities everywhere, its vision is to accelerate the future of finance through technology and collaboration, and its pioneering approach is why it is trusted by 8,100 financial institutions, including 45 of the world's top 50 banks. For more information, visit finastra.com.
About Apax
Apax Partners LLP is a leading global private equity advisory firm. For over 50 years, Apax has worked to inspire growth and transform businesses. The firm has raised and advised funds with aggregate commitments of c.$80 billion. Apax Funds invest in companies across three global sectors: Tech, Services, and Internet/Consumer. These funds provide long-term equity financing to build and strengthen world-class companies. For further information, visit www.apax.com. Apax is authorized and regulated by the Financial Conduct Authority in the UK.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Globe and Mail
2 days ago
- Globe and Mail
North to Alaska, the meeting everyone's been waiting for: Market themes for the week ahead
There seems to be very little standing in the way of stock-market bulls right now, but a landmark U.S./Russia summit in Alaska, a central bank shin-dig in Wyoming and elections in Bolivia, among other things, may imbue them with some caution. Here's your week ahead: Investors will closely watch U.S. President Donald Trump's meeting with Russia's Vladimir Putin on Friday looking to end the war in Ukraine. There's caution over the longevity of any agreement and Europe's leaders are fearful that the U.S. and Russia could take far-reaching decisions that sidelines them, or seeks to coerce Ukraine into an unfavorable deal. This backdrop means stocks, especially in Europe, should benefit if the Trump-Putin Alaska summit receives a broad thumbs-up. The euro and Ukraine's battered bonds should also gain. And a lasting end to the three-year old conflict could be a tailwind to global disinflation (ex-U.S. that is). Yet, the devil is in the details and Europe is unlikely to embrace Russia, even if peace returns. That means the one-way march higher in defense stocks may ebb, but won't be seriously disrupted. It's officially summer in financial markets. Q2 earnings are out, the next crop of major economic data isn't until early September and many money managers and traders are heading out to the beaches for a break. There is just one thing to worry about: Jackson Hole. The Wyoming resort plays host to the annual central bankers' schmoozefest and will include Federal Reserve Chair Jerome Powell among its attendees. The conference takes place as stocks hover near record levels, and Trump continues to take pot-shots at Powell. Jackson Hole has the potential to be disruptive. Any hint from Powell that a September rate cut isn't happening and markets could sell off hard, while an overly upbeat tone from the Fed chair may feed more euphoria. 'And bull markets die in euphoria,' says Steve Sosnick, strategist at trading firm IBKR. As global stocks rally, everything from weak U.S. jobs data to trouble at the top of the Federal Reserve has been a reason to bet on U.S. rate cuts, meaning it's not been profitable to be bearish. About 60% of global investors surveyed by BofA think U.S. stagflation could be the dominant global market regime within three months. A basket of stocks that do well in stagflationary environments, where growth slows as inflation accelerates, has been outpaced by Wall Street's benchmark S&P 500 index this year, Societe Generale strategists reckon. Next week's business surveys, which can show economic trends months before they appear in official data, will offer more clues about whether U.S. tariffs are driving the world's largest towards stagflation. SocGen, however, expects Fed rate cuts to inflate a stock-market bubble that might not pop until at least next year. With nearly every central bank looking to cut rates to give their economies a soft landing, the Bank of Japan stands apart in its mission to raise borrowing costs - in theory. So, next Friday's inflation data will be in focus for any sign of when the BOJ's long-pledged tightening cycle will resume. The previous reading of the core consumer price index (CPI) showed an annual 3.3% increase in June, remaining above the BOJ's 2% target for over three years. No bank went harder or longer with quantitative easing than the BOJ. But the long road towards normalization has been complicated by uncertainty over U.S. tariffs and concerns about whether Japan was seeing the right kind of price increases. BOJ Governor Kazuo Ueda has justified slower rate hikes because 'underlying inflation,' which focuses on domestic demand and wages, remains below the central bank's target. Bolivia this weekend kicks off a string of national and local elections across Latin America that extends into late next year, when behemoth Brazil votes to elect a new (or sitting) president. After 2022's 'pink tide' brought left-leaning governments to power in Chile, Colombia and Brazil, investors want to see if voters will return to more market-friendly right-wingers. Ahead of Sunday's Bolivian presidential election, the country's bonds have rallied on hopes that political change could bring the economy back from the brink. A second round, if needed, comes in October. Argentina's local elections in September and October are seen as a gauge of the popularity of President Javier Milei's radical economic transformation. Chile votes for a president in November, while next year Colombia elects its congress in March and president in May. Peru holds a presidential election in April and Brazil does so in October 2026. Be smart with your money. Get the latest investing insights delivered right to your inbox three times a week, with the Globe Investor newsletter. Sign up today.
Globe and Mail
4 days ago
- Globe and Mail
The Most Exclusive Invite-Only Small Cap Event Returns to the Bahamas in 2025
Nassau, Bahamas--(Newsfile Corp. - August 13, 2025) - Centurion One Capital is pleased to announce the return of its highly anticipated 3rd Annual Bahamas Summit, taking place on October 28-29, 2025, at the iconic Rosewood Baha Mar on Cable Beach. This exclusive, invitation only summit returns to unite a curated group of North America's leading small-cap growth companies with global institutional investors, family office, retail and corporate investors for two days of high-impact engagement, thought leadership, and investor discovery, set against the stunning backdrop of Nassau's turquoise waters and pristine white sands. Following a record-breaking year for Centurion One Capital's event platform including the recent LA Summit, the Bahamas Summit will feature dynamic company presentations, expert-led panels, targeted 1x1 meetings and lively evening festivities. This uniquely intimate setting fosters strategic dialogue, relationship-building, and access to compelling new investment opportunities. For investors, the Bahamas Summit offers unparalleled access to a group of serial entrepreneurs building the next wave of high-growth, category-defining companies across diverse sectors. For founders, it is a rare opportunity to engage directly with long-term capital partners who go beyond writing checks — offering hands-on support, strategic insight, and real alignment. This is not just another investor conference — it is a catalyst for the next generation of Unicorns, where meaningful partnerships are forged, industries are reimagined, and deals get done. "We look forward to welcoming valued partners and guests for what promises to be another unforgettable chapter in the Centurion One Capital Global Summit Series," said Nima Besharat, CEO of Centurion One Capital. "The Bahamas Summit has quickly become a signature part of our annual event lineup. It is a setting where connections deepen, ideas take flight, and the next generation of growth companies receive the exposure they deserve." To view an enhanced version of this graphic, please visit: Event Schedule Monday | October 27, 2025 - All Times are listed in Eastern Daylight Time (EDT) 12:00 PM - 2:00 PM - Welcome Lunch (Invitation Only) 7:00 PM - Cocktail Soirée (Invitation Only) Tuesday | October 28, 2025 9:00 AM - 10:00 AM - Breakfast and Registration 10:00 AM - 12:00 PM - Company Presentations, Panels, and 1x1 Meetings 12:00 PM - 1:00 PM - Lunch Break 1:00 PM - 5:00 PM - Company Presentations, Panels, and 1x1 Meetings 7:00 PM - CEO Dinner (Invitation Only) Wednesday | October 29, 2025 9:00 AM - 10:00 AM - Breakfast and Registration 10:00 AM - 12:00 PM - Company Presentations, Panels, and 1x1 Meetings 12:00 PM - 1:00 PM - Lunch Break 1:00 PM - 5:00 PM - Company Presentations, Panels, and 1x1 Meetings 7:00 PM - VIP Finale Dinner (Invitation Only) Participating Companies (As of 08/13/2025 - Subject to Change) American Tungsten (TUNG) (DEMRF) Beeline (BLNE) Carbone Restaurant Group (Private) Diagnos (ADK) (DGNOF) Faraday Future (FFAI) Highland Copper (HI) (HDRSF) MGID (Private) MTL Cannabis (MTLC) (MTLNF) Onar (ONAR) Soma Gold (SOMA) (SMAGF) TDG Gold (TDG) (TDGGF) United States Antimony (UAMY) Conference Sponsors Title Sponsor Lucosky Brookman Platinum Sponsors EarlyBirdCapital Eventus Advisory Group MAISON Bahamas Nick Harbone Creative Money Channel Gold Sponsors ARES Capital Markets Group Brown Stone Capital Cassels CBOE Canada Cozen O'Connor Joseph Gunnar MLT Aikins Newsfile RedChip Sichenzia Ross Ference Carmel Treewalk For registration and agenda details, please click here. For companies interested in presenting or for more information, please contact Shamira Kavanagh, Vice President, Operations and Events at events@ For more information about Centurion One Capital, please visit About Centurion One Capital Centurion One Capital ("Centurion One") is the premier independent Investment Banking firm dedicated to fueling the growth and success of growth companies in North America. With an unwavering commitment to delivering comprehensive financial solutions and strategic guidance, Centurion One is a trusted strategic partner and catalyst to propel issuers to unlock their full potential. Our team comprises seasoned professionals who combine extensive financial expertise with deep knowledge of various sectors. We take a proactive and results-driven approach, working closely with our clients to develop tailored strategies and execute transactions that maximize value and drive long-term success. Centurion One - Empowering Growth. Driving Innovation. Partnering for Success.
Cision Canada
08-08-2025
- Cision Canada
Over 400 Global Buyers and Investors to Arrive in Costa Rica for the Region's Most Important Business Event Français
Costa Rica Trade & Investment Summit will bring together more than 1,000 companies, positioning the country as a strategic destination for trade and investment More information and registration at: SAN JOSÉ, Costa Rica, Aug. 7, 2025 /CNW/ -- From September 1 to 5, Costa Rica will welcome over 400 buyers and investors from 45 countries to the Costa Rica Trade & Investment Summit 2025, Latin America's most influential business gathering for those seeking opportunities in exports and investment. Organized by the Costa Rican Foreign Trade Promotion Agency (PROCOMER), the Summit will, for the first time, merge export promotion and foreign direct investment attraction in a single setting, designed to deliver tangible results, foster strategic partnerships, and build a long-term vision. "Costa Rica stands among the most reliable, strategic, and forward-looking trade and investment partners in the Americas, with access to two-thirds of the world's GDP and a prime location for business. Our value proposition blends quality, sustainability, and innovation with a proven capacity to connect markets. This Summit reflects the level at which Costa Rica positions itself globally and PROCOMER's ability to generate business opportunities among entrepreneurs, exporters, and investors," said Laura López, CEO of PROCOMER. The 2025 edition will bring together over 1,000 companies, including Costa Rican exporters, suppliers specialized in serving foreign investment projects, and multinational firms already operating in the country—creating a high-level, cross-sector networking platform. Over five days, international attendees will take part in more than 3,200 business meetings, sector-specific trade showcases, technical visits to free trade zones and production hubs both inside and outside the Greater Metropolitan Area, as well as keynote sessions led by global figures such as Natalia Bayona (Executive Director, UN Tourism), Didi Caldwell (CEO, Global Location Strategies), Katie McGinty (Vice President, Johnson Controls), and Henry Loewendahl (CEO, Wavteq). The international delegation will include representatives from key markets such as the United States, Germany, the United Kingdom, India, Japan, Canada, Mexico, Colombia, Chile, Spain, France, Switzerland, the Netherlands, and Brazil, among others—cementing Costa Rica's status as a meeting point for top-tier talent, sustainability, and business opportunities in the region. In the first half of 2025, Costa Rica exported more than US$11 billion in goods, led by sectors such as precision medical equipment, agriculture, food, pharmaceuticals, and electrical and electronic products. This diversity of products and destinations underscores a resilient economy, delivering sustainable, high-quality solutions that meet the needs of global markets. At the same time, Costa Rica continues to strengthen its position as a prime investment destination, hosting over 400 multinational companies thanks to its specialized talent pool, free trade zone regime, leadership in sustainability, and robust logistics connectivity. Key sectors such as medical devices, corporate services, advanced manufacturing, and technology find in Costa Rica a trusted hub for impactful expansion.
