Finastra Sells TCM Unit to Apax Funds, Streamlining Focus on Core FinTech Solutions
Finastra, a leading provider of financial software solutions, is making a strategic move by selling its Treasury and Capital Markets (TCM) division to Apax Partners LLP, a private equity firm known for its expertise in technology investments. This acquisition not only streamlines Finastra’s portfolio but also sets the stage for TCM to transition into an independent business.
Details of the Acquisition
This transaction is part of Finastra’s broader strategy to concentrate on its core offerings, allowing the company to reinvest capital into critical software development. While the specific financial terms of the deal remain undisclosed, it is anticipated to finalize in the first half of 2026, subject to regulatory and consultative approvals.
Finastra’s Global Reach
Finastra operates in over 135 countries and offers a comprehensive suite of financial applications, including:
- Lending
- Payments
- Treasury
- Core Banking
TCM plays a vital role in this suite, offering essential software for risk management, compliance, and capital markets operations. Its leading products, such as Kondor, Summit, and Opics, support front-to-back trade lifecycle management and are integral to banking operations across 340 institutions.
Future Prospects for TCM
Under Apax’s guidance, TCM is set to evolve into a standalone entity with a refreshed strategic and operational focus. With Apax’s 25 years of experience in scaling global software firms, TCM is expected to receive enhanced investment in:
- Product development
- Marketing
- Cloud capabilities
Statements from Leadership
Finastra CEO Chris Walters remarked, “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. It will provide capital to accelerate our strategy and reinvest in our core business.”
Apax partner Jason Wright expressed optimism about TCM’s capabilities, stating, “We see significant potential to invest in technology, talent, and customer relationships to accelerate innovation and growth as a standalone company.”
Investment History of Apax Partners
Apax Partners has a robust history of investing in enterprise software, with a portfolio that includes notable companies such as Paycor HCM, Zellis Group, and IBS Software. The firm also has extensive experience in executing corporate carveouts across the software industry.
Transaction Advisors
The transaction involved several advisors, including:
- Evercore, Perella Weinberg Partners, and Kirkland & Ellis for Finastra
- Vista Equity Partners for Apax
- Deutsche Bank and Simpson Thacher & Bartlett advising Apax
For more information on Finastra’s offerings and their impact on the financial services industry, visit Finastra’s official website.
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