Finastra to Sell Treasury and Capital Markets Business to Apax in 2026 Deal

Finastra, a global leader in financial software, has agreed to sell its Treasury and Capital Markets (TCM) business unit to an affiliate of Apax Partners LLP. This strategic move aims to streamline Finastra’s portfolio and support growth in its core financial services software offerings. Upon completion, TCM will operate independently and be rebranded.

1. About the Treasury and Capital Markets (TCM) Business Unit

Trusted by over 340 financial institutions worldwide.
Provides software solutions for risk management, regulatory compliance, and capital markets operations.
Key products include Kondor, Summit, and Opics, supporting trade lifecycle management and operational compliance.
Built on decades of intellectual property and deep client relationships.

2. Strategic Reasons for the Sale

Finastra intends to focus on its core software products and diversified customer base across 135+ countries.
Sale will generate capital to reinvest in enhancing its position as a leading financial software provider.
The divestment helps Finastra accelerate its next growth phase with a concentrated product suite.

3. Post-Sale Operations of TCM

TCM will become a standalone, independent company rebranded under new ownership.
Apax Funds will support TCM’s growth with investments in product development, marketing, and technology infrastructure.
Focus on accelerating innovation and improving customer experience, including expanding cloud offerings.

4. Comments from Leadership

Chris Walters, Finastra CEO, highlights the sale as a milestone for focused growth and reinvestment.
Jason Wright, Apax Partner, emphasizes potential for innovation and scaling TCM as a standalone platform.
Gabriele Cipparrone, Apax Partner, expresses excitement about partnering with TCM for accelerated innovation and client value.

5. Apax’s Industry Experience

Apax Funds have a long history in application software investments, including Paycor HCM, Zellis Group, and others.
Expertise in supporting software company carveouts and scaling operations globally.

6. Transaction Timeline and Advisors

Expected closing in the first half of 2026, subject to regulatory and employee consultations.
Financial and legal advisors include Evercore, Vista Equity Partners, Kirkland & Ellis, Perella Weinberg Partners, Deutsche Bank, and Simpson Thacher & Bartlett.

Finastra’s sale of its Treasury and Capital Markets business to Apax marks a significant shift toward streamlined focus and renewed growth strategies for both entities. With Apax’s support, the TCM unit is poised to innovate and grow as an independent leader in financial software, while Finastra concentrates on strengthening its core offerings across the global financial ecosystem.