Vista-Backed Finastra Taps PJT to Sell US Banking Software Unit
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Finastra Group Holdings Ltd. has hired PJT Partners Inc. to help with plans to sell its unit that caters to mid-sized US banks, according to people familiar with the matter.
The Vista Equity Partners-backed business could fetch more than $200 million in a sale and is likely to attract interest from private equity firms and other software companies, the people said, asking not to be identified discussing private information. The process is at an early stage and Finastra might still decide against a sale, the people added.