(19 May 2025 – Global) Finastra has agreed to sell its Treasury and Capital Markets (TCM) unit to an affiliate of private equity firm Apax Partners, in a deal estimated at $2 billion, including debt.
The TCM division, which serves over 340 financial institutions, offers software tools for risk management, regulatory compliance, and capital markets operations, including its flagship platforms Kondor, Summit, and Opics.
Once the deal is finalised, expected in the first half of 2026, TCM will become a standalone entity under a new brand, backed by Apax’s experience in scaling global software companies.
“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 of Finastra. “It will provide capital to accelerate our strategy and reinvest in our core business.”
Apax, known for investments in firms like Paycor, Zellis, and IBS Software, sees strong upside in the transaction. “We see significant potential to invest in technology, talent, and customer relationships to accelerate innovation and growth as a standalone company,” said Jason Wright, partner at Apax.