Temenos AG, the banking software company, announces it has signed an agreement to sell Multifonds, its fund administration software business, to Montagu Private Equity, a leading European private equity firm, for a total Enterprise Value of about USD 400 million including an earnout. The Multifonds executive management team will invest alongside Montagu.
Multifonds is a leading global provider of fund administration software, serving all asset classes across multiple jurisdictions and helping the world’s leading fund administrators, asset managers, insurance companies and pension funds achieve increased operational efficiency, whilst reducing risk.
Montagu is an established investor in the fund administration technology space and will work with the Multifonds executive team to ensure its customers continue to receive the highest levels of service. Temenos will support Montagu and Multifonds to ensure a seamless transition.
„The sale of Multifonds simplifies the Temenos product portfolio and aligns with Temenos’ new strategic and operational plan to drive above-market growth as presented at the Capital Markets Day in November 2024. Simplifying and rationalizing the product portfolio enables Temenos to focus on its three growth levers of extending market leadership in “best of suite”, enhancing modular core solutions and accelerating adjacent point solutions.” – the company explained.
The transaction is subject to the satisfaction of customary closing conditions and is expected to be completed in Q2-25.
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
