India, May 21 -- Apax Global Alpha Ord (APAX.L), Wednesday announced that Apax XI Fund has entered into an agreement to acquire Treasury and Capital Markets division of Finastra, a provider of financial services software, for approximately 25 million euros on a look-through basis.
Upon completion of the deal, TCM will be rebranded and operated as an independent business. With the support of Apax Funds, TCM will be able to invest further in new product development, marketing, and technology infrastructure.
The transaction is expected to close in the first half of 2026.
Currently, Apax Global's stock is trading at 119.68 pence, down 1.09 percent on the London Stock Exchange.
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