Vista Equity Partners is exploring strategic options for Finastra, the financial software provider it built nearly a decade ago, according to sources cited by Reuters. The process could result in an outright sale, the divestment of a stake, or Finastra merging with or acquiring another industry player. Finastra has attracted initial approaches from several parties, with Blackstone among the prospective bidders studying the business.

Two sources said Finastra could be worth more than high-single-digit billions of dollars, while a third put the figure as high as $12bn on traditional earnings multiples. The same person said Finastra expects to generate EBITDA of $650m this year, implying a mid-teens multiple at the top of that range. Finastra is a business Vista assembled and has since reshaped.

The London-headquartered company, which supplies software for payments, lending, and corporate banking, was formed in 2017 through Vista’s combination of Misys and Canada’s D+H, and today serves thousands of financial institutions, including more than 80% of the world’s top banks. Since Chris Walters became chief executive in January 2025, the company has been streamlined considerably, shedding units to concentrate on its core payments and lending software.