Vista-Backed Finastra Taps PJT to Sell US Banking Software Unit

Finastra Group Holdings Ltd. has hired PJT Partners Inc. to help with plans to sell its unit that caters to mid-sized US banks, according to people familiar with the matter.

The Vista Equity Partners-backed business could fetch more than $200 million in a sale and is likely to attract interest from private equity firms and other software companies, the people said, asking not to be identified discussing private information. The process is at an early stage and Finastra might still decide against a sale, the people added.

The Finastra unit provides software that helps US community banks and credit ...