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An announcement from Equals Group Plc ( (GB:EQLS) ) is now available.
Equals Group Plc is set to be acquired by Alakazam Holdings BidCo Limited, a company wholly-owned by a consortium including TowerBrook Funds, J.C. Flowers Funds, and Railsr Shareholders, through a cash acquisition valued at approximately £283 million. This acquisition, structured as a scheme of arrangement under Part 26 of the Companies Act, offers Equals shareholders a premium on their shares and aims to merge Equals’ extensive cross-border transaction capabilities with Railsr’s embedded finance solutions, potentially creating one of Europe’s largest embedded finance platforms. This strategic move is supported by significant shareholder backing and is anticipated to enhance the combined entity’s market position, providing robust financial growth opportunities.
More about Equals Group Plc
Equals Group Plc operates in the financial services industry, offering a range of B2B international multi-currency banking and payments solutions. The company is known for its diverse, high-performance technology-enabled payments, cards, and banking products tailored for both corporate and personal clients. It leverages a scalable platform integrating cloud-based technology and risk management capabilities, alongside a strong network of regulatory licenses and partnerships to provide global financial connectivity.
YTD Price Performance: 0.47%
Average Trading Volume: 733,338
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £228.4M
For detailed information about EQLS stock, go to TipRanks’ Stock Analysis page.
