– Siris, a private equity firm focused on service companies supporting critical technology infrastructure, has agreed to sell Equiniti to Bullish in an all-stock transaction valued at $4.2 billion.
– Bullish is an institutionally focused global digital asset platform providing regulated market infrastructure and information services.
– Siris acquired Equiniti in 2021 and combined it with AST (its U.S. counterpart) to build a scaled global transfer agent and shareholder services platform.
– Under Siris’ ownership, Equiniti underwent a major transformation.
– Today, Equiniti serves as the regulated transfer agent and system of record for nearly 3,000 public companies.
– The transaction will combine Bullish’s blockchain-native infrastructure (exchange, liquidity, clearing, custody) with Equiniti’s transfer agent platform.
– Frank Baker, Co-Founder and Managing Partner of Siris, stated that Equiniti’s EBITDA more than tripled under Siris’ ownership and highlighted tokenization as a major transformation in market infrastructure since electronic trading.
– Dan Kramer, CEO of Equiniti, noted that Siris was an exceptional partner and that Equiniti strengthened its position as a global leader in shareholder services during their ownership.
