- WCAS, a New York-based private equity firm, has acquired a majority stake in EquiLend, a securities lending platform.
- EquiLend anticipates the deal’s completion in Q2, contingent on regulatory approvals; financial details remain undisclosed.
- WCAS plans to invest an additional $200 million to support EquiLend’s organic growth and acquisitions.
- EquiLend, established in 2001 by financial institutions like JP Morgan, Lehman Brothers, and Goldman Sachs, offers solutions for securities finance.
- CEO Brian Lamb expects the acquisition to propel EquiLend’s business to new heights in securities finance and beyond.
- EquiLend, known for its Next Generation Trading platform, executes $2.4 trillion transactions monthly for nearly 200 clients.
- Ryan Harper, WCAS’s general partner, sees EquiLend as uniquely positioned to drive electronification, efficiency, and innovation in securities finance.
US private equity firm WCAS buys majority stake in EquiLend
Popular Categories
