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.

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.

Alt Insights

November 29, 2019

Research from Preqin Shows Funds Lost $34.4 Billion in Q3

Research from Preqin Shows Funds Lost $34.4 Billion in Q3

Latest Alternative Investment News

Canadian Listed ETF Assets Race Past the $200B Mark
December 5, 2019     News

Canadian ETFs have put on a powerhouse performance this year, crossing the $200 billion mark by end November.

Black Tuesday: Banks on Both Sides of the Atlantic Announce Major Job Cuts
December 5, 2019     Community Banking, News

Black Tuesday: Banks on Both Sides of the Atlantic Announce Major Job Cuts. On Tuesday, December 3, Unicredit, Italy’s largest lender, said it planned to cut 8,000 bank jobs as…

Venture Capital CEO Andrew Chung Faces New Legal Challenges
December 5, 2019     Investments, News, Venture Capital

Andrew Chung, CEO of venture capital firm 1955 Capital, faces a new legal fight. The firm’s sole investor has sued Chung and the company over investment terms.

Mark Wiseman Out at BlackRock

Mark Wiseman found himself in the running to replace BlackRock Chief Larry Fink. Now he finds himself out of a job. Multiple media outlets report that Wiseman allegedly violated BlackRock’s…