Vista Equity Partners May Sell Partial Stake in Fintech Giant Finastra

October 7, 2019 | FinTech, Investments, News

With Fintech valuations high, the private equity firm may take profits off the table

Vista Equity Partners may look to sell up to 50% of its stake in Fintech firm Finastra. Therefore, the private equity shop could reach a deal worth more than $10 billion, including debt.

Reports also indicate that Vista Equity Partners is working with Goldman Sachs to locate potential buyers.

Vista Equity Partners and Finastra

Robert Smith’s private equity firm purchased DH Corp. two years ago for $2 billion. It later combined this firm with its division Misys to create Finastra. Vista Partners had taken Misys private in 2012.

The newly formed Fintech firm operated in retail banking, payments, treasury desks and mortgage lending for roughly 90 of the top 100 banks around the globe.

About Finastra

The London-based Fintech company generated $1.9 billion in revenue. In addition, it has more than $6 billion in debt and 10,000 employees. The firm purchased mobile and internet banking firm Malauzai in 2018. This company operates in the community banking and credit union space.

Meanwhile, the firm has 61 open APIs, apps in its FusionStore, and more than 8,500 financial services organizations worldwide counted as customers, based on a press release from this week. The firm also announced it is working with FICO to create new artificial intelligence and machine learning tools to stop fraud.

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