Buyout firm Apax favorite to win Finastra unit in $2 billion deal, sources say

Amy-Jo Crowley

Fri, May 2, 2025, 1:54 PM 2 min read

By Amy-Jo Crowley

LONDON (Reuters) -Private equity steadfast Apax Partners has emerged arsenic the frontrunner to bargain Finastra's treasury and superior markets (TCM) concern for astir $2 cardinal including debt, radical acquainted with the substance said connected Friday.

London-based Apax has been competing successful an auction that the fiscal exertion company's bulk owner, chap buyout steadfast Vista Equity Partners, has held for the portion successful caller months, the sources said.

Final bids were submitted successful caller days and Apax is present considered the favourite to bargain the unit, said the sources, who noted an statement could beryllium reached successful the coming days, erstwhile negotiations and the financing are settled.

No statement with Apax was guaranteed though and different enactment could yet look arsenic the winner, cautioned the people, who spoke connected information of anonymity to sermon backstage deliberations.

Apax and Vista declined comment. Finastra did not respond to a remark request.

London-based Finastra was created successful 2017 by Vista, which took Canadian payments exertion supplier D+H Corp backstage successful a C$4.8 cardinal ($3.5 billion) woody and past merged it with Misys, a banking and superior markets bundle concern that it already owned.

The TCM portion provides bundle which helps fiscal institutions process trades and negociate hazard and compliance.

Dealmaking enactment has mostly slowed successful caller weeks arsenic marketplace volatility caused by U.S. President Donald Trump's commercialized warfare has made institution executives much cautious. It is besides harder for buyers and sellers to hold however assets are valued successful specified a turbulent environment.

Where mergers and acquisitions person endured though is successful businesses which are little affected by tariffs, specified arsenic fiscal software.

Last month, buyout steadfast KKR struck a $3.1 cardinal statement with S&P Global and CME Group to get OSTTRA, which provides bundle to grip post-trading tasks.

($1 = 1.3784 Canadian dollars)

(Reporting by Amy-Jo Crowley successful London; Additional Reporting by Milana Vinn successful New York; Writing by David French; Editing by Elaine Hardcastle)