Finastra has announced the impending sale of its Treasury and Capital Markets (TCM) division to an affiliate of Apax Partners, a venture capital firm. This transaction, valued at approximately $2 billion, including debt, marks a strategic decision for Finastra.
Serving over 340 financial institutions, the TCM division specializes in risk management, regulatory compliance, and capital markets operations. Its comprehensive suite of software products, including notable platforms like Kondor, Summit, and Opics, facilitates front-to-back trade lifecycle management.
Following the completion of the sale, TCM will operate as an independent entity and undergo rebranding. This strategic divestment is expected to optimize Finastra’s portfolio and create capital for reinvestment into its primary suite of products.
Chris Walters, CEO of Finastra, stated, “This sale represents a pivotal moment for Finastra, propelling us into our next growth phase with a refined focus on essential financial services software. It will enable us to accelerate our strategy and reinvest in our core business while allowing our award-winning TCM platform to benefit from the expertise of a dedicated technology investor.”
Apax Partners has a robust history of investing in the application software sector, with previous investments in companies such as Paycor HCM, Zellis Group, ECi Software, and more.
Jason Wright, partner at Apax, commented on the acquisition, stating, “We recognize substantial opportunities to invest in technology, talent, and client relations, promoting innovation and growth as a standalone enterprise, leveraging our extensive experience in scaling global software firms.”
The transaction is anticipated to finalize in the first half of 2026.