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Business & Economics

Buyout firm Apax favorite to win Finastra unit in $2 billion deal, sources say

Reuters
Summary
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81% Informative

Apax Partners is frontrunner to buy Finastra 's treasury and capital markets (TCM) business for around $2 billion including debt, sources say.

Apax has been competing in an auction that the financial technology company's majority owner, fellow buyout firm Vista Equity Partners , has held for the unit in recent months .

Final bids were submitted in recent days and Apax is now considered the favorite to buy the unit.

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92

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formal

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English

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63

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