
LONDON SKYLINE/BLOOMBERG
Vista Equity Partners is considering the potential sale of a stake in Finastra in a deal that could value the financial technology company at more than $10 billion including debt, reported Bloomberg.
Billionaire Robert F. Smith’s buyout firm is working with Goldman Sachs Group to gauge interest from potential buyers. Vista is considering selling as much as a 50 per cent stake in London-based Finastra, one of the people said.
Payment processor Adyen has more than doubled in value since it began trading in Amsterdam in mid-2018.
Vista bought Canadian financial services provider DH Corporation for CAD 2.7 billion ($2 billion) in 2017. The equity firm then combined the business with its Misys unit, a UK company it took private in 2012, to create Finastra. The merged entity serves about 90 of the top 100 banks globally with its systems for payments, retail banking as well as mortgage lending and treasury desks.
A formal sale process hasn’t started, and there is no certainty the deliberations will lead to a transaction.
MOST READ
INVESTMENT
Aldar to invest AED 2 million in Abu Dhabi...INVESTMENT
Oil drops 31 per cent as price war erupts...INVESTMENT
India seizes Yes Bank, limits withdrawalsINVESTMENT
ING Groep plans to sell its Turkish unitINVESTMENT
Bahrain considers stake sell in oil assetsINVESTMENT
SABB seeks to boost corporate lendingINVESTMENT
UBS launches new private client program