Finastra, which is headquartered in London and with offices in jurisdictions including the US and Singapore, says it is streamlining its business and will use the capital raised to focus on growth efforts.

Finastra, which provides financial software, is selling its Treasury and Capital Markets (TCM) business to funds advised by UK-based Apax Partners, the private equity house.

Once the deal is wrapped up, TCM will be rebranded and operated as a standalone business. 

London-headquartered Finastra will use the sale of the business - financial terms weren’t disclosed - to raise capital to bolster its business, it said in a statement yesterday. The transaction is expected to close in the first half of 2026, subject to customary closing conditions and the completion of information and consultation processes with employee representative bodies, where required. 

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

TCM has a client based of more than 340 financial institutions, and enables risk management, regulatory compliance, and capital markets operations. Its software products, such as Kondor, Summit, and Opics, supports front-to-back trade lifecycle management, risk, compliance, and operations. 

Funds advised by Apax have invested into the application software industry for some time. Investments include Paycor HCM, Zellis Group, ECi Software, OCS / Finwave, Azentio, EcoOnline and IBS Software. 

Evercore served as lead financial advisor to Finastra and Vista Equity Partners and Kirkland & Ellis served as legal advisor. Perella Weinberg Partners also served as a financial advisor to Finastra. Deutsche Bank served as financial advisor to Apax and Simpson Thacher & Bartlett served as legal advisor.

Besides its London HQ, Finastra has offices in Canada, Singapore, the United Arab Emirates, and the US.