Finastra, a global financial software provider, announced its agreement to sell its Treasury and Capital Markets (TCM) business unit to funds advised by Apax Partners LLP, a global private equity advisory firm.
Financial terms of the deal were not disclosed.
Upon completion of the transaction, the TCM division will be rebranded and operate as an independent company.
The TCM business provides risk management, regulatory compliance, and capital markets operations software, including its Kondor, Summit, and Opics products, to over 340 financial institutions.
Finastra stated that the sale aims to streamline its portfolio and generate capital for reinvestment in its core financial services software business.
The company will continue to serve its customer base across more than 135 countries.
As a standalone entity backed by Apax Funds, the TCM business is expected to receive further investment in product development, marketing, and technology infrastructure, including its cloud services.
This includes enhancements to its cloud services, strategic and operational focus, and customer experience.
Apax has a history of investing in application software companies and supporting corporate carveouts.
The transaction is anticipated to close in the first half of 2026, pending customary closing conditions and employee consultation processes where applicable.
Chris Walters, CEO at Finastra, said,
“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.”
Jason Wright, Partner at Apax, said,
“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.”
Featured image: Edited by Fintech News Singapore, based on image by user8647581 via Freepik
