DWF ADVISES EQUINITI ON PETEREVANS ACQUISITION
21 Aug, 2012
Business law firm, DWF, has advised leading financial services and outsourcing provider, the Equiniti Group, on the acquisition of prominent financial services technology provider, peterevans.
The Equiniti group, which is the UK’s largest provider of shareholder services to FTSE 100 companies, will see peterevans join its umbrella group in August. The acquisition will expand the range of services on offer to both companies’ clients, but will not affect the Cardiff and London office structure already in place for peterevans.
The DWF team included Frank Shephard, Helen Mather, Dean Jowett, Hannah Roberts and Jessica Jones. Frank Shephard, corporate partner at DWF, said: “This marks an important development in the Equiniti Group’s strategy. The new partnership will allow the clients of peterevans to benefit from the resources on offer from Equiniti. We are delighted to be working with a dynamic organisation such as Equiniti.”
John Parker, managing director, shareholder solutions, Equiniti, commented: “The acquisition of peterevans is an important development in Equiniti Group’s strategy. We have been partnering with peterevans for a number of years and have always been impressed by their cutting-edge technology offering. The acquisition will now allow us to collaboratively enhance peterevans’ existing offering in order to create an extended range of services to both current and prospective clients looking to outsource their services.”
Mike Foley, managing director, peterevans, added: “This is an exciting time for peterevans. We are immensely proud of our staff who have achieved so much, and we now have the support to go even further. peterevans has grown by 30 per cent in the last year, with year-on-year forecasts for the next to match. The backing of a larger group will provide even more impetus and potential scale going forward, enabling us to focus on the development of our online platforms and to drive forward our offerings.”