interactive investor to buy Equiniti Group D2C business in £50m deal

Latest ii acquisition

Mike Sheen
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The deal is expected to be completed this summer
Image:

The deal is expected to be completed this summer

Equiniti Group has agreed to sell the EQi direct-to-consumer (D2C) customer business of Equiniti Financial Services to interactive investor (ii) in a deal worth up to £49m.

The deal, anticipated to complete in the summer following a customer migration exercise, comprises £48m payable in cash at completion and up to a further £1m contingent on the timing of migrating all customers...

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