Vista weighs options for Finastra

Vista Equity Partners is evaluating multiple strategic options for financial software provider Finastra, potentially valuing the company at several billion dollars, according to a Reuters report citing unnamed sources. The private equity firm is collaborating with Morgan Stanley on the review, which is still in its early stages and could result in a full disposal of Finastra, a partial stake sale, or a merger or acquisition.

Finastra has already caught the eye of potential buyers, with Blackstone among the investment firms considering a possible bid. Neither Vista, Finastra, Morgan Stanley, nor Blackstone commented on the matter. While there is no guarantee that the strategic review will lead to a transaction, two sources suggested that Finastra could be worth over several billion dollars, with one estimating its value at up to $12 billion based on conventional earnings multiples for a specialist software company.

Finastra is projected to generate around $650 million in EBITDA this year, according to one of the sources. The London-based company develops software for banks and financial institutions, specializing in payment, lending, and corporate banking solutions. Vista formed Finastra in 2017 by merging Misys with Canada's D+H. Since then, the company has undergone significant restructuring under CEO Chris Walters, who assumed the role in January 2025.

This strategy has involved selling non-core operations and focusing on payments and lending technology. In June, Finastra sold its treasury and capital markets division to Apax Partners, which was later relaunched as Teciem. Additionally, in June, Finastra agreed to sell its universal banking division to Pollen Street Capital.