Equiniti Group is a

British British may refer to: Peoples, culture, and language * British people, nationals or natives of the United Kingdom, British Overseas Territories, and Crown Dependencies. ** Britishness, the British identity and common culture * British English, ...

-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 British retail and commercial bank with branches across England and Wales. It has traditionally been considered one of the " Big Four" clearing banks. Lloyds Bank is the largest retail bank in Britain, and has an exte ...

which was bought out from Lloyds by

Advent International Advent International is a global private equity firm focused on buyouts of companies in Western and Central Europe, North America, Latin America and Asia. The firm focuses on international buyouts, growth and strategic restructuring in five core ...

, 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 investme ...

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 corporate headquarters in San Francisco, California; operational headquarters in Manhattan; and managerial offices throughout the United States and intern ...

. 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 Chennai (, ), formerly known as Madras ( the official name until 1996), is the capital city of Tamil Nadu, the southernmost Indian state. The largest city of the state in area and population, Chennai is located on the Coromandel Coast of th ...

in 2014. An additional branch office opened in

Bengaluru Bangalore (), officially Bengaluru (), is the capital and largest city of the Indian state of Karnataka. It has a population of more than and a metropolitan population of around , making it the third most populous city and fifth most ...

in 2019.

References

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