Vista Equity Partners, the software and technology-focused private equity firm with over $100bn in assets under management, is considering the sale of Finastra’s capital markets division, according to a report by Bloomberg.
Finastra, based in London, was created through the 2017 merger of Misys Group — which was owned by Vista at the time — and Canadian payments company D+H Corp, which was established in 1875 as a bookbinding and printing business.
Currently, Finastra generates approximately $1.85bn in revenue and serves around 8,100 customers, with the TCM division, which offers software solutions for financial institutions, covering trade processing, risk management and compliance, contributing about $400m to that total.
Source: Private Equity Wire
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