Equiom looks forward to welcoming Alcentra as our new majority owner. Alcentra is an existing shareholder in Equiom and an experienced long-term institutional investor with more than $42 billion of assets under management globally.
KKR (a current lender) will continue as a lender to the new Group. Värde and LDC (previous owners of Equiom) will retain an economic interest in the new Group.
The transaction remains subject to customary structuring, documentation and approvals, with completion expected during the first half of 2022.
Mark Porter, CEO of Equiom, commented:
'This transaction is great news for Equiom and our clients. Alcentra are fully aligned with our strategy and have committed to supporting us as we continue to invest in our people and the ongoing enhancement of our technology and operating capabilities to support future growth and success. We’d like to thank our shareholders for their continued support and look forward to working with Alcentra as we focus on continuing to help our clients fulfil their ambitions.'
Alex Walker, Managing Director, Alcentra said:
'We are pleased to be building on our strong existing relationship with Equiom and its first-class team. We look forward to supporting the business as it enters its next period of growth.'
Alcentra is an asset management group focused on investments in Europe and the United States. Globally, Alcentra has approximately $42.3 billion of assets under management, managed by a team of 190 professionals in London, New York and Boston. Alcentra has a track record dating back to 2002 and has been involved in the Equiom business since 2019.