Equiniti Group is a British-based outsourcing business focused on financial and administration services.

History

The business has its origins in the share registration business of

Lloyds TSB Lloyds Bank plc is a major British retail and commercial bank with a significant presence across England and Wales. It has traditionally been regarded one of the " Big Four" clearing banks. Established in Birmingham in 1765, Lloyds Bank e ...

which was bought out from Lloyds by

Advent International Advent International Corporation is an American global private equity firm. It is focused on buyouts of companies in Western and Central Europe, North America, Latin America and Asia. The firm focuses on international buyouts, growth and strat ...

, a private equity institution, in 2007. The company was the subject of an

initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investm ...

in October 2015. In July 2017 it announced the acquisition of the share registration business of

Wells Fargo Wells Fargo & Company is an American multinational financial services company with a significant global presence. The company operates in 35 countries and serves over 70 million customers worldwide. It is a systemically important fi ...

. On 30 July 2020, the company announced its intention to rebrand as "EQ". In April 2021 Siris Capital made an offer worth £661 million for the company. The transaction was completed on 10 December 2021.

Operations

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

Equiniti India

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

References

{{Authority control Companies based in West Sussex Financial services companies established in 2007 Companies formerly listed on the London Stock Exchange 2021 mergers and acquisitions