Montagu, a private equity firm focused on healthcare, financial sector services, critical data, digital infrastructure, and education, is to acquire Multifonds in a carve-out transaction from parent company Temenos.
Founded in 1995, Multifonds is a global provider of proprietary investment accounting and transfer agency software, used to administer more than $10tn of assets, making it a key contributor to the global financial system. Multifonds products perform a range of highly critical back- and middle-office fund services tasks, such as net asset value calculations, intra-day investment management, and investor lifecycle support across Know Your Customer (KYC) and Anti-Money Laundering (AML) s.
Multifonds has been part of Temenos – a Swiss-listed banking software provider – since 2015 and is one of the few leading pure-play software companies in the space, with a broad coverage of jurisdictions across APAC, Europe, and LATAM. The company is headquartered in Luxembourg with a presence in 15 other countries to support its loyal, global customer-base. After the transaction closes, Multifonds will operate as a new standalone company, led by its existing management team.
Montagu has known Multifonds for over 15 years and had developed a strong relationship prior to Temenos considering a sale. Montagu is a market leader in carve-out transactions from corporate parents, with over 30 carve-outs executed since 2002.
