Announced
Synopsis
Welsh, Carson, Anderson & Stowe, a technology-focused private equity firm, agreed to acquire a majority stake in EquiLend, a securities lending platform. Financial terms were not disclosed. "We are thrilled to embark on this journey with WCAS, a firm known for its commitment to building enduring market leaders and track record supporting leading financial technology companies. This partnership represents a significant milestone for EquiLend and, in turn, for our market. WCAS's support will be instrumental in accelerating our mission to deliver essential solutions to the securities finance industry. Together, we are committed to setting new standards in the industry and achieving unprecedented success for our clients and stakeholders," Brian Lamb, EquiLend CEO.
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