Finastra Sells Treasury and Capital Markets Business

One month after owners Vista Capital shelved plans to refinance almost $6 billion in debt, the private equity firm has sold one of its key portfolio businesses – Finastra’s Treasury and Capital Markets (TCM) unit, to an affiliate of another private equity firm, Apax Partners.

In 2023, Vista Capital invested $1 billion into Finastra as part of a deal to secure a private credit loan, which subsequently was impacted by the aggressive rate hike cycle in the US. Terms of the Apax deal, which is expected to close in the first half of 2026, were not disclosed.

“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,” says Chris Walters, CEO at Finastra. “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.

“As an independent company working in partnership with the Apax Funds, TCM will be able to invest further in new product development, marketing and technology infrastructure to meet its customers’ evolving needs,” he adds.

“TCM is a robust, mission-critical platform with an impressive customer base,” says Jason Wright, partner at Apax. “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.”