Finastra has agreed to sell its Treasury and Capital Markets (TCM) business to an affiliate of Apax Partners LLP, the private equity advisory firm. The transaction, expected to close in the first half of 2026, will see TCM operate as an independent, rebranded entity under Apax ownership.
The TCM division, which serves over 340 financial institutions globally, provides software solutions for capital markets operations, risk management, and regulatory compliance. Its core platforms include Kondor, Summit, and Opics, supporting end-to-end trade lifecycle management. Earlier this year, Summit was named as the Best OTC Derivatives Trading Solution at A-Team Group’s TradingTech Insight Awards Europe 2025.
“This sale marks an important milestone for Finastra that will help further launch our next phase of growth with a focused suite of mission-critical financial services software,” commented Chris Walters, CEO at Finastra. “It will provide capital to accelerate our strategy and reinvest in our core business, while providing our award-winning TCM platform with the backing of an experienced, long-term technology investor to support its continued success moving forward.”
The divestiture forms part of Finastra’s strategy to streamline its operations and redeploy capital to strengthen its broader financial software portfolio. Finastra will continue to serve clients in more than 135 countries across other product lines.
Apax, with a track record in software investments and corporate carveouts, plans to support TCM in expanding product development, marketing, and cloud capabilities.
“TCM is a robust, mission-critical platform with leading functionality and an impressive customer base,” said Jason Wright, Partner at Apax. “We see significant potential to invest in technology, talent, and customer relationships to accelerate innovation and growth as a standalone company, drawing on our 25 years of experience scaling global software companies.”
Gabriele Cipparrone, Partner at Apax, added: “We’re excited to partner with the TCM team as the business begins a new chapter as an independent organization. With the backing of the Apax Funds, we expect TCM to benefit from accelerated innovation and enhanced operations, delivering even greater value to its clients.”
No financial details of the deal were disclosed.
Advisers on the transaction included Evercore and Perella Weinberg Partners for Finastra, with legal support from Kirkland & Ellis. Deutsche Bank advised Apax, with Simpson Thacher & Bartlett acting as legal counsel.
Subscribe to our newsletter
