Apax Partners completed the acquisition of Finwave from the Lutech Group.

Apax Partners, a private equity firm, completed the acquisition of Finwave, a fintech company, from the Lutech Group, a digital transformation company. Financial terms were not disclosed. “This is a great milestone for Finwave. The Apax funds’ strategic plan is to acquire and integrate leading players in the market to create innovative solutions for credit management and capital markets. OCS and Finwave are the leading players in Consumer and Corporate Finance Software. Both companies offer premium technology solutions that provide the foundation for strong future growth. We are starting today with €100m in revenues and almost 1k people highly skilled in financial market software, and we are well positioned to grow in Italy and in Europe," Willy Burkhardt, Finwave CEO.