Equiniti
{{Short description|British company}}
{{Use dmy dates|date=April 2025}}
{{Use British English|date=January 2014}}
{{Infobox company
| name = Equiniti Group
| logo = Equiniti logo.png
| type =Private Limited Company
| traded_as = FORMER lse:EQN
| foundation = {{start date and age|2007}}
| location = Crawley, England, UK{{cite web|url=https://find-and-update.company-information.service.gov.uk/company/07090427|title=Equiniti|publisher=Companies House|access-date=29 April 2021}}
| key_people = Paul Lynam (Chief Executive Officer)
| industry = Financial services
| ISIN = {{ISIN|sl=n|pl=y|GB00BYWWHR75}}
| products =
| revenue = £555.7 million (2019){{cite web|url=https://investors.equiniti.com/~/media/Files/E/Equiniti-V4/documents/full-year-results-press-release-2019.pdf|title=Annual Results 2019|publisher=Eqiniti Group|accessdate=12 March 2020}}
| operating_income = £55.9 million (2019)
| net_income = £32.4 million (2019)
| num_employees =
| parent =
| subsid =
| homepage = {{URL|https://www.equiniti.com}}
| slogan =
| footnotes =
}}
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 which was bought out from Lloyds by Advent International, a private equity institution, in 2007.{{cite news|url= http://www.yorkshirepost.co.uk/news/equiniti-to-raise-390m-in-flotation-1-7493910|title= Equiniti to raise £390m in flotation|date=2 October 2015|newspaper=The Yorkshire Post|accessdate=13 September 2017}} The company was the subject of an initial public offering in October 2015.{{cite web|url=https://www.investorschronicle.co.uk/2015/10/08/shares/news-and-analysis/equiniti-announces-ipo-plans-SIkZRaWqWcxiXyCU4t512J/article.html|title= Equiniti announces IPO plans|publisher=Investors Chronicle|date=8 October 2015|accessdate=13 September 2017}} In July 2017 it announced the acquisition of the share registration business of Wells Fargo.{{cite web|url= https://www.ft.com/content/6184026a-66f9-11e7-8526-7b38dcaef614|title= Equiniti buys Wells Fargo's share registration arm for $227m|work=Financial Times|date=12 July 2017|accessdate=13 September 2017}}
On 30 July 2020, the company announced its intention to rebrand as "EQ".{{cite web|url=https://equiniti.com/uk/about/our-brand/|title= To represent our journey to a more purposeful organisation, Equiniti is becoming EQ|publisher=Equiniti Group|date=30 July 2020|accessdate=30 July 2020}} In April 2021 Siris Capital made an offer worth £661 million for the company.{{cite news|url=https://www.cityam.com/equiniti-receives-sweetened-661m-takeover-bid-from-us-private-equity-firm/|title=Equiniti receives sweetened £661m takeover bid from US private equity firm|date=28 April 2021|publisher=City AM|access-date=29 April 2021}} The transaction was completed on 10 December 2021.{{cite news|url=https://www.morningstar.co.uk/uk/news/AN_1639128970530718900/equiniti-exits-london-market-following-completion-of-takeover-by-siris.aspx|title=Equiniti exits London market following completion of takeover by Siris|date=10 December 2021|newspaper=Morning Star|access-date=15 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.{{cite web|url= http://www.hl.co.uk/shares/shares-search-results/e/equiniti-group-plc-ordinary-10p/company-information|title=Equiniti|publisher=Hargreaves Landsdown|accessdate=13 September 2017}}
=Equiniti India=
Equiniti India, Equiniti's Indian offshore arm, opened in Chennai in 2014. An additional branch office opened in Bengaluru in 2019.{{cite web |title=UK-India celebrate Tech Partnership at FutureTech Fest|url=https://www.gov.uk/government/news/uk-india-celebrate-tech-partnership-at-futuretech-fest |website=gov.uk|date=13 December 2018|accessdate=16 May 2019}}