Equals Group

Canaccord Genuity acts as Financial Adviser, Nominated Adviser & Sole Broker to Equals Group plc on its recommended all-cash acquisition

Canaccord Genuity is pleased to announce it is acting as Financial Adviser & Rule 3 Adviser, Nominated Adviser & Sole Broker to Equals Group plc (“Equals” or the “Company”) on its £283 million recommended takeover by a consortium comprising funds managed or advised by TowerBrook Capital Partners (U.K. LLP), funds managed or advised by J.C. Flowers & Co. LLC, and the shareholders of Embedded Finance Limited (which trades as “Railsr”) (the “Consortium”).

Canaccord Genuity was appointed in 2023 to act as Financial Adviser to the Company to conduct a review of Equals’ strategic options which this transaction brings to a conclusion.

Equals is incorporated and registered in England and Wales and its main country of operation is in the United Kingdom.  Equals Shares have been traded on AIM since 2014.  It develops and sells scalable payment platforms to enable organisations to move and easily manage their money flows through its payment and card products.

The transaction is subject to a number of conditions precedent, including approval by the shareholders of Equals and certain regulatory change of control approvals in relation to both Equals and Railsr.

The transaction further reinforces Canaccord Genuity’s market leading position as a financial adviser in the cross-border payments sector and follows other transactions in the sector including the sale of Global Reach to Corpay, the sale of ChangeGroup to Prosegur, the sale of Smallworld to Equistone, the acquisition of Redpin (formerly Currencies Direct) by Palamon and Corsair Capital, and the sale of Moneycorp to Bridgepoint. Canaccord Genuity is also Joint Broker to CAB Payments. 

The transaction team comprises Sunil Duggal, Bill Gardiner, Max Hartley, Harry Rees and Joao Antunes.