Montagu to acquire Multifonds from Temenos for $400m.

Montagu, a private equity firm, agreed to acquire Multifonds, a fund administration software business, from Temenos, a banking software company, for $400m. “We have long admired Multifonds as a highly attractive global platform, providing mission-critical fund accounting and transfer agency solutions to blue-chip customers. This aligns strongly with our investment criteria in a core sector for Montagu," Daniel Fischer, Montagu Partner.