Finastra Plans Treasury, Capital Markets Sale to Apax

Finastra has agreed to sell its Treasury and Capital Markets (TCM) business unit to an affiliate of private equity firm Apax Partners, with the transaction expected to close in the first half of 2026. The TCM division, which serves over 340 financial institutions worldwide, offers software solutions including Kondor, Summit, and Opics for risk management, regulatory compliance, and capital markets operations. This divestiture is part of Finastra’s broader strategy to streamline its product portfolio and focus on its core financial services software business, using the capital raised to accelerate growth and reinvestment. Following the sale, TCM will be rebranded and operate as an independent company, with Apax Partners planning to invest in product innovation, cloud capabilities, and customer experience enhancements. Finastra’s CEO Chris Walters emphasized that the deal marks a significant milestone enabling Finastra to focus on mission-critical software, while Apax’s Jason Wright highlighted their intention to leverage their experience to scale TCM as a standalone business. Although financial terms were not officially disclosed, reports suggest the transaction could be valued around $2 billion.