Finastra, a global innovator in financial software, has agreed to sell its Treasury and Capital Markets (TCM) division to a firm backed by Apax Partners.
The move will see TCM become an independent company, leveraging the private equity firm’s extensive experience in scaling software businesses.
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TCM presently services over 340 financial institutions globally with a range of software solutions such as Kondor, Summit, and Opics. The platform supports front-to-back trade lifecycle management, risk and compliance, and capital market operations. TCM is a recognised technology partner for worldwide banks, boasting decades of experience and strong client integration.
The divestment enables Finastra to restructure its operations and reinvest proceeds in its core software offerings spanning loans, payments, and banking.
Furthermore, as a separate entity, TCM will benefit from targeted investments in product development, cloud capabilities, and customer experience. Apax intends to strengthen the firm through strategic and operational improvements.
Chris Walters, CEO at Finastra stated: “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, while providing our award-winning TCM platform with the backing of an experienced, long-term technology investor to support its continued success moving forward.”
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By GlobalDataJason Wright, Partner at Apax shared: “TCM is a robust, mission-critical platform with leading functionality and an impressive customer base. 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, added: “We’re excited to partner with the TCM team as the business begins a new chapter as an independent organisation. 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 acquisition is scheduled to close in the first half of 2026, subject to usual closing conditions and regulatory approvals. Financial information has not been released.
Evercore was Finastra and Vista Equity Partners’ principal financial adviser, while Kirkland & Ellis was their legal adviser. Perella Weinberg Partners also served as Finastra’s financial adviser. Meanwhile, Apax received financial advice from Deutsche Bank, while Simpson Thacher & Bartlett provided legal advice.
