Equiniti


Equiniti Group plc is a British-based outsourcing business focused on financial and administration services. It is listed on the London Stock Exchange.

EQ (Equiniti Group plc)
TypePublic Limited Company
LSE: EQN
ISINGB00BYWWHR75
IndustryFinancial services
Founded2007; 14 years ago (2007)
HeadquartersCrawley, England, UK[1]
Key people
Revenue£555.7 million (2019)[2]
£55.9 million (2019)[2]
£32.4 million (2019)[2]
Websitewww.equiniti.com

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]

Operations


The company's services include share registration arrangements for listed companies, outsourcing of complaints management and administration and payment services for pension schemes.[8]

Equiniti India

Equiniti India, Equiniti's Indian offshore arm, opened in Chennai in 2014. An additional branch office opened in Bengaluru in 2019.[9]

References


  1. "Equiniti". Companies House. Retrieved 29 April 2021.
  2. "Annual Results 2019" (PDF). Eqiniti Group. Retrieved 12 March 2020.
  3. "Equiniti to raise £390m in flotation". Yorkshire Post. 2 October 2015. Retrieved 13 September 2017.
  4. "Equiniti announces IPO plans". Investors Chronicle. 8 October 2015. Retrieved 13 September 2017.
  5. "Equiniti buys Wells Fargo's share registration arm for $227m". FT. 12 July 2017. Retrieved 13 September 2017.
  6. "To represent our journey to a more purposeful organisation, Equiniti is becoming EQ". Equiniti Group. 30 July 2020. Retrieved 30 July 2020.
  7. "Equiniti receives sweetened £661m takeover bid from US private equity firm". City AM. 28 April 2021. Retrieved 29 April 2021.
  8. "Equiniti". Hargreaves Landsdown. Retrieved 13 September 2017.
  9. "UK-India celebrate Tech Partnership at FutureTech Fest". gov.uk. 13 December 2018. Retrieved 16 May 2019.