- 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.
