As detailed by individuals familiar with the matter cited by Bloomberg, Vista Equity Partners is currently in the early stages of securing a sale of the TCM unit, which could allow the company to gain a minimum of USD 2 billion. At the time of the announcement, Finastra’s treasury and capital markets business generated in annual earnings before interest, taxes, depreciation, and amortisation nearly USD 200 million. The people familiar with the matter also mentioned that a final decision has not been made and Vista could choose not to finalise the sale of the unit.
When asked to provide an opinion on the announcement, both Vista and Evercore declined, while a spokesperson for Finastra did not immediately respond to a request for comment.
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