Vista Equity Partners could offload a 50% stake in $10 billion financial technology outfit Finastra, according to Bloomberg.
Finastra was created in 2017 when Vista bought Canadian firm D+H and merged it with another fintech firm in its portfolio, London-based Misys.
The merger created a behemoth with annual revenues of $1.9 billion, 10,000 employees and over 9000 customers across 130 countries, including 48 of the top 50 banks globally.
But, two years on Vista has called in Goldman Sachs to help it find a buyer for a stake in the business, says Bloomberg, citing sources.
The private equity firm is looking to sell as much as 50% of Finastra in a deal that could value the fintech at $10 billion, including debt.