Finastra

active

Software — Vista Equity Partners

Deal Terms

Entry Year2017

Entry EV$4.8B

Entry Multiple12x

Leverage7x

Debt Amount$3.36B

Outcome

PIK ActiveYES

Risk Metrics

LTV (est.)70%

Debt / EV0.70x

Notes

Vista merged D+H Corp ($4.8B acquisition) with Misys to create Finastra — third-largest fintech firm. Heavy debt load. Vista injected $1B equity in 2023 — funded with MORE DEBT from Goldman Sachs. Exploring $2B sale of capital markets division. Financial software under AI disruption threat.

Sponsor

Partners Group$185B AUM