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Announced

Completed

Siris Capital Group completed the acquisition of Equiniti Group for £673m.

Financials

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Transaction Value£673m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales2x
EV/EBITDA11x
Share Price Premium31%
One Off Charge-

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Cross Border

Friendly

Public

Majority

Financial Data and Systems

United Kingdom

share registrar services

Acquisition

Private Equity

Single Bidder

Privatisation

Completed

Synopsis

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Siris Capital Group, a private equity firm focused on making control investments in data/telecommunications, technology and technology-enabled business, completed the acquisition of Equiniti Group, a British-based outsourcing business, for £673m ($952m). "EQ is a leading technology-led services and payments specialist with strong market positions in the UK and the US. The EQ Board believes that the offer from Siris represents an attractive and certain value in cash today for EQ's shareholders, reflecting the strength of EQ's high quality business and its future prospects in a still uncertain environment," Philip Yea, Equiniti Group Chairman.

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