Finastra’s Private Equity Owner Mulls Sale of Financial Software Provider
Financial software provider Finastra could reportedly soon be up for sale by its private equity firm owner. Vista Equity Partners is exploring options for U.K.-based Finastra that could include a sale, Reuters reported Tuesday (Sept. 15), citing four sources familiar with the matter. Other options could include Vista selling a stake or Finastra merging with or purchasing another player in […] The…
Financial software company Finastra may be on the market for sale by its private equity owner, according to a report by Reuters on September 15. The potential sale, which could involve a complete sale of the company or a change of ownership through a merger or acquisition, is being explored by Vista Equity Partners, who acquired Finastra in 2017.
Other investment firms have shown interest in Finastra, which specializes in providing software solutions for financial institutions to manage payments, lending, and corporate banking services. The company, formed by the merger of Misys and Canada's D+H, serves 80% of the world's top banks and was valued at over $12 billion, according to two of the sources.
However, uncertainty surrounding artificial intelligence disruption has impacted valuations in the sector. Since its current CEO, Chris Walters, took over in 2022, Finastra has undergone significant restructuring, focusing on its core competencies and selling off non-core divisions.
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