Vista weighs options for Finastra

## Vista Equity Partners Explores Strategic Options for Finastra

Vista Equity Partners is reportedly evaluating various strategic options for its financial software portfolio company, Finastra. These options include a potential sale, a partial stake sale, or a merger or acquisition with another entity. The private equity firm is collaborating with Morgan Stanley on the review, which is at an early stage.

The strategic review could lead to a valuation for Finastra in the multi-billion dollar range. Two sources indicated that Finastra could command a valuation above high-single-digit billions of dollars. Another source stated that conventional earnings multiples for a specialist software company could put its value as high as $12 billion. Finastra is expected to generate approximately $650 million in EBITDA this year, according to one of the sources. There is no certainty that the strategic review will result in a transaction, the sources said.

Finastra, headquartered in London, develops software for banks and other financial institutions, covering areas including payments, lending, and corporate banking. Vista Equity Partners created the business in 2017 by combining Misys with Canada’s D+H.

Since its formation, Finastra has undergone a significant restructuring under chief executive Chris Walters, who took the role in January 2025. The strategy has involved disposing of non-core operations and concentrating the business around payments and lending technology. As part of this reshaping, Finastra sold its treasury and capital markets division to Apax Partners, with the business subsequently relaunched as Teciem. In June, Finastra also agreed to sell its universal banking division to Pollen Street Capital.

Finastra has already attracted interest from potential buyers, with Blackstone among the investment firms understood to be assessing a possible bid. Vista, Finastra, Morgan Stanley, and Blackstone all reportedly declined to comment.