Vista Equity explores strategic options for Finastra - Reuters
Private equity firm Vista Equity Partners has called in investment bankers as it explores a possible sale of financial technology provider Finastra, according to Reuters.
Vista Equity Partners is exploring strategic options for financial software provider Finastra, including a potential sale. The private equity firm has called in investment bankers, specifically Morgan Stanley, to review options which could lead to a full disposal of Finastra, a partial stake sale, or a combination with another company.
According to sources, Finastra has already attracted interest from potential buyers, with Blackstone among those assessing a possible bid. The business is expected to generate approximately $650m of EBITDA this year.
The strategic review is at an early stage, and there is no certainty that it will result in a transaction. Finastra's valuation could be in the high-single-digit billions of dollars, or as high as $12bn according to one source.
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- Vista weighs options for Finastra privateequitywire.co.uk
