Filip & Company, working with lead counsel Simpson Thacher & Bartlett, has advised Apax Partners on its proposed acquisition of Finastra’s Treasury and Capital Markets division.
The transaction remains contingent on regulatory approval.
Apax is a private equity firm.
Finastra is a financial software company. According to Filip & Company, TCM provides a suite of software solutions covering the full transaction lifecycle, compliance, and risk management, including well-known products such as Kondor, Summit, and Opics. With a client base of over 340 financial institutions globally, the carve-out and transformation of TCM into a standalone entity under a new brand marks a significant move in the fintech space.
The Filip & Company team included Partners Alina Stancu Birsan and Ioan Dumitrascu, Senior Associate Simona Despa Ungureanu, and Associate Valeriu Iliescu.
Filip & Company did not respond to our inquiry on the matter.