Top 20 business law firm DWF has advised Equiniti, a leading business services outsourcing provider, on its acquisition of Pancredit Systems Limited, the innovative and fast-growing lending software business which supports banks, intermediaries and price comparison sites with loan administration and origination services.
The acquisition strengthens Equiniti's offering to the UK's leading financial services and public sector organisations and provides Pancredit with the scale, support and stability of becoming an Equiniti Group company.
Frank Shephard, head of corporate in the North West, led the deal at DWF and commented: "Equiniti is longstanding client and it has been a pleasure to work with the team again on a deal that will enable the Group to strengthen its offering."
Frank was supported on the deal by Helen Mather, Nick Hawthorne, Katy Phillips, Sajeda Motala and Hannah Roberts in the corporate, tax and commercial teams at DWF.
Guy Wakeley, CEO at Equiniti, added: "Equiniti's acquisition of Pancredit reinforces our strategy to extend our range of outsourcing services to meet changing market requirements – they are innovative, have a fantastic customer base aligned to our own and will take us to new market territory. We already have a fantastic set of software which underpins our employee benefits, share and pension administration and wealth management solutions, and are delighted to add Pancredit's loan administration and origination software to these platforms."