Apax to acquire the treasury and capital markets division from Vista Equity-backed Finastra.

Apax, a private equity firm, agreed to acquire the treasury and capital markets division from Vista Equity-backed Finastra, a financial technology company. Financial terms were not disclosed. "This sale marks an important milestone for Finastra that will help further launch our next phase of growth with a focused suite of mission-critical financial services software. It will provide capital to accelerate our strategy and reinvest in our core business, while providing our award-winning TCM platform with the backing of an experienced, long-term technology investor to support its continued success moving forward," Chris Walters, Finastra CEO.