UK-based private equity firm Montagu acquires Multifonds from Temenos in $400m deal

UK-based private equity firm Montagu agreed to acquire fund accounting software provider Multifonds from Temenos for approximately $400m. The transaction is expected to close in Q2 2025.

Montagu, which manages over €14bn in assets, plans to establish Multifonds as an independent company following the acquisition, retaining its existing management team.

Multifonds provides fund administration software covering investor servicing, fund and portfolio accounting, and transfer agency, along with KYC and AML compliance solutions. The platform administers around $10tn in assets and supports over 30,000 funds across 35 jurisdictions.

Temenos stated that the sale aligns with its strategy to streamline its product portfolio and focus on growth. The firm has committed to working with Montagu and Multifonds to ensure a smooth transition.

Multifonds has secured major clients in recent years, including Luxembourg’s Alter Domus, Malaysia’s AHAM Capital, and Peru’s Credicorp Capital.

Source: Fintech Futures

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