WCAS completes majority acquisition of EquiLend
05 September 2024 US
Image: DETHAL/stock.adobe.com
Welsh, Carson, Anderson & Stowe (WCAS), a private equity firm, has completed its majority acquisition of EquiLend.
The deal’s closure follows regulatory approval from EquiLend’s regulators in the US, UK and Ireland. The acquisition agreement was first announced in January.
At the time of the announcement, WCAS said it committed a further US$200 million investment to support growth initiatives and acquisitions by EquiLend.
Other owners of EquiLend include founding shareholders and customers such as Bank of America, BlackRock, Goldman Sachs, Morgan Stanley, National Bank of Canada, State Street, and UBS.
Commenting on the acquisition, Ryan Harper, general partner at WCAS, says: “With the necessary regulatory approvals now in place, EquiLend is poised to accelerate its growth and further the automation of the securities finance market.
“We believe this partnership will support EquiLend’s mission to innovate and enhance industry efficiency. We look forward to working closely with EquiLend’s customers, shareholders and leadership team during this exciting period of growth.”
EquiLend’s suite of financial technology solutions supports all facets of a securities finance market participant’s business, including electronic trading, software-as-a-service (SaaS) platform, post-trade automation, data and analytics and regulatory technology solutions.
Founded in 2001, the company’s client base has grown to nearly 200 asset owners, agency lending banks, broker-dealers and hedge funds.
The deal’s closure follows regulatory approval from EquiLend’s regulators in the US, UK and Ireland. The acquisition agreement was first announced in January.
At the time of the announcement, WCAS said it committed a further US$200 million investment to support growth initiatives and acquisitions by EquiLend.
Other owners of EquiLend include founding shareholders and customers such as Bank of America, BlackRock, Goldman Sachs, Morgan Stanley, National Bank of Canada, State Street, and UBS.
Commenting on the acquisition, Ryan Harper, general partner at WCAS, says: “With the necessary regulatory approvals now in place, EquiLend is poised to accelerate its growth and further the automation of the securities finance market.
“We believe this partnership will support EquiLend’s mission to innovate and enhance industry efficiency. We look forward to working closely with EquiLend’s customers, shareholders and leadership team during this exciting period of growth.”
EquiLend’s suite of financial technology solutions supports all facets of a securities finance market participant’s business, including electronic trading, software-as-a-service (SaaS) platform, post-trade automation, data and analytics and regulatory technology solutions.
Founded in 2001, the company’s client base has grown to nearly 200 asset owners, agency lending banks, broker-dealers and hedge funds.
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