Announced
Financials
Sources
Tags
United States
Private Equity
Stock Transfer
Single Bidder
Majority
Friendly
Private
Cross Border
Acquisition
Management Consulting
professional services
Pending
Synopsis
Siris Capital Group, a private equity firm, agreed to acquire American Stock Transfer & Trust, a professional services firm, from Pacific Equity Partners, an Australasian private equity investment firm, for $595m. The deal would value AST at 12.6-times trailing earnings, on an EBITDA to enterprise value basis. Siris Capital is expected to combine AST with UK-listed Equiniti Group, which has also signed a deal to acquire later this month.
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