UPDATED. Montagu has agreed to acquire Temenos’ global fund accounting software business Multifonds in a carve-out transaction. The total enterprise value is around $400 million, including an earnout.

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Montagu, a leading private equity firm, has announced that it has agreed to acquire Multifonds in a carve-out transaction from its corporate parent, Temenos AG (“Temenos”). Founded in 1995, Multifonds ...