Blackstone Group IncBlackstone is named as a possible bidder looking at Finastra, but no deal or terms are confirmed.
Vista Equity Partners is exploring strategic options for Finastra that could include a sale of the financial software provider. The private equity firm is working with bankers at Morgan Stanley on the review, which is in its early stages and could result in a sale of the company, Vista selling a stake in Finastra, or a combination with another industry player, according to a Reuters report citing people familiar with the matter. London-based Finastra has drawn initial interest from parties including other financial sponsors, with Blackstone among possible bidders looking at the firm. Vista, Finastra, Morgan Stanley and Blackstone all declined to comment to Reuters. One person familiar told Reuters Finastra could be worth as much as $12 billion in a sale, and the company is forecast to generate $650 million in EBITDA this year.
Blackstone Group IncBlackstone is named as a possible bidder looking at Finastra, but no deal or terms are confirmed.
Morgan StanleyMorgan Stanley is advising Vista on the Finastra review, an early-stage mandate with no confirmed outcome.
Vista Energy, S.A.B. de C.V.Finastra is the subject of a potential sale/stake deal valued at up to $12 billion, still in early stages.
Vista Equity Partners is exploring strategic options for Finastra, including a potential $12B sale.