Siris Capital takeover of Equiniti Group approved by FCA

Siris Capital has reached the final stage in its acquisition of Equiniti, following the regulatory green light from the FCA.

The watchdog approval comes after New York-based Siris Capital offered Equiniti shareholders 180p per share – a 31 per cent premium on the trading price of shares – back in April. The deal amounts to £673m in total. 

Earth Private Holdings, a vehicle company for the deal created by Siris’ funds, is navigating the purchase.

US watchdogs granted the deal regulatory approval back in July, when Earth Private Holdings cleared the Hart-Scott-Rodino filing.

Speaking at the time of the offer, chair of Equiniti, Philip Yea, commented:

“The EQ board believes that the offer from Siris represents an attractive and certain value in cash today for EQ’s shareholders, reflecting the strength of EQ’s high-quality business and its future prospects in a still uncertain environment.”