Simpson Thacher has advised Apax Partners LLP (“Apax”), a leading global private equity advisory firm, on its agreement for its intended acquisition of Finastra’s Treasury and Capital Markets (“TCM”) business unit to an affiliate of Apax. Upon completion of the transaction, TCM will be rebranded and operated as a standalone business.
With a client base of over 340 financial institutions, TCM is a trusted enabler of risk management, regulatory compliance, and capital markets operations. Its suite of software products – most notably Kondor, Summit, and Opics – supports front-to-back trade lifecycle management, risk, compliance, and operations. Built on decades of intellectual property and long-standing client relationships, TCM is deeply embedded in the global banking ecosystem.
As an independent company working in partnership with the Apax Funds, TCM will be able to invest further in new product development, marketing and technology infrastructure to meet its customers’ evolving needs. The Apax Funds will support TCM in sharpening strategic and operational focus, enhancing customer experience and accelerating technological advancements including strengthening the company’s cloud offering.
The Simpson Thacher team included James R. Howe, James Campisi, Alex Ward, Andrew Cho, Thomas Kannan and Victoria Green (U.K. Corporate); Yash Rupal, Caleb McConnell and Kristin Shelley (U.K. Tax); Alysha Sekhon, Lori Lesser and Sara Liu (Intellectual Property); Abram Ellis, Kelly Karapetyan, Ryan Stalnaker, Christine Tillema, Anais Bourbon and Sean Boyle (Antitrust/Competition); and Mark Skerry (Regulatory).