Equiniti
British company From Wikipedia, the free encyclopedia
Equiniti Group is a British-based outsourcing business focused on financial and administration services.
| |
| 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 |
History
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
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
Equiniti India, Equiniti's Indian offshore arm, opened in Chennai in 2014. An additional branch office opened in Bengaluru in 2019.[10]
References
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