Vista Equity Partners Taps Morgan Stanley to Weigh Finastra Exit as Valuation Could Reach $12 Billion
Vista Equity Partners Taps Morgan Stanley to Weigh Finastra Exit as Valuation Could Reach $12 Billion #
Vista Equity Partners is considering exit options for Finastra, the London-based financial software company it has owned for nearly a decade, including a full sale, a partial stake divestment, or a merger with another industry player, Reuters reported, citing four people familiar with the matter.
The private equity firm has hired Morgan Stanley to advise on the process, which remains at an early stage. Finastra could be valued from the high single-digit billions up to $12 billion, with sources putting the company’s earnings before interest, taxes, depreciation and amortisation at around $650 million.
The review follows a restructuring at Finastra under chief executive Chris Walters, who joined in January 2025 and has since moved aggressively to narrow the company’s focus to its core payments and lending software operations. Finastra sold its treasury and capital markets division to Apax Partners earlier this year, with the unit subsequently rebranded as Teciem, and in June agreed to sell its universal banking business to Pollen Street Capital.
The sales have left Finastra a leaner company. According to Finimize, Blackstone has taken a preliminary look at the business. Vista’s review also comes as buyer interest in financial software assets has picked up, though buyers remain cautious about how artificial intelligence could reshape pricing power and customer retention across the sector.
Vista assembled Finastra in 2017 by merging Misys and D+H, creating one of the world’s largest dedicated fintech companies. A sale, if it proceeds, would be among the larger private equity exits in the financial technology sector in recent years. Neither Vista Equity Partners nor Finastra has publicly commented on the reported process.
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