Equiniti
 | |
| Company type | Private Limited Company |
|---|---|
| FORMER lse:EQN | |
| ISIN | GB00BYWWHR75 |
| Industry | Financial services |
| Founded | 2007 |
| Headquarters | Crawley, England, UK[1] |
Key people | Paul Lynam (Chief Executive Officer) |
| Revenue | £555.7 million (2019)[2] |
| £55.9 million (2019)[2] | |
| £32.4 million (2019)[2] | |
| Website | www |
Equiniti Group is a British-based outsourcing business focused on financial and administration services.
History
[edit]The business has its origins in the share registration business of Lloyds TSB which was bought out from Lloyds by Advent International, a private equity institution, in 2007.[3] The company was the subject of an initial public offering in October 2015.[4] In July 2017 it announced the acquisition of the share registration business of Wells Fargo.[5]
On 30 July 2020, the company announced its intention to rebrand as "EQ".[6] In April 2021 Siris Capital made an offer worth £661 million for the company.[7] The transaction was completed on 10 December 2021.[8]
Operations
[edit]The company's services include share registration arrangements for listed companies, outsourcing of complaints management and administration and payment services for pension schemes.[9]
Equiniti India
[edit]Equiniti India, Equiniti's Indian offshore arm, opened in Chennai in 2014. An additional branch office opened in Bengaluru in 2019.[10]
References
[edit]- ^ "Equiniti". Companies House. Retrieved 29 April 2021.
- ^ a b c "Annual Results 2019" (PDF). Eqiniti Group. Retrieved 12 March 2020.
- ^ "Equiniti to raise £390m in flotation". Yorkshire Post. 2 October 2015. Retrieved 13 September 2017.
- ^ "Equiniti announces IPO plans". Investors Chronicle. 8 October 2015. Retrieved 13 September 2017.
- ^ "Equiniti buys Wells Fargo's share registration arm for $227m". FT. 12 July 2017. Retrieved 13 September 2017.
- ^ "To represent our journey to a more purposeful organisation, Equiniti is becoming EQ". Equiniti Group. 30 July 2020. Retrieved 30 July 2020.
- ^ "Equiniti receives sweetened £661m takeover bid from US private equity firm". City AM. 28 April 2021. Retrieved 29 April 2021.
- ^ "Equiniti exits London market following completion of takeover by Siris". Morning Star. 10 December 2021. Retrieved 15 December 2021.
- ^ "Equiniti". Hargreaves Landsdown. Retrieved 13 September 2017.
- ^ "UK-India celebrate Tech Partnership at FutureTech Fest". gov.uk. 13 December 2018. Retrieved 16 May 2019.