Värde’s investment confirms its role as a long-term equity partner to help fund Equiom’s future expansion in line with the company’s growth strategy. Värde joins Equiom’s longstanding equity partner LDC, which has supported Equiom’s growth since investing in the business in 2013.
In conjunction with international law firm Proskauer & Rose, Cains advised on both the equity investment and the banking arrangements to facilitate the investment. The Cains team included corporate directors Tristan Head, Scott Leonard-Morgan and Tim Shepherd, assisted by corporate counsel Stephanie Chew and associate Matthew Wilkinson.
The transaction is one of a long line of M&A transactions on which the Cains team has recently advised. Others include: the acquisition of Manx Telecom PLC by Kelion Bidco Limited (a subsidiary of Basalt Infrastructure Partners); the acquisition by Canaccord Genuity Wealth (International) Limited of the private client investment management business of Thomas Miller Investment (Isle of Man) Limited; the sale of SMP Partners to Palatine Private Equity LLP and the takeover of Paysafe Group PLC by way of a scheme of arrangement.
Scott Leonard-Morgan, Director of Cains, said: “We are delighted to have been able to assist Värde on its significant investment into Equiom. This is another demonstration of the quality of businesses that the Isle of Man produces and another example of the quality and depth of the Cains team in being able to address both the equity and funding aspects of what was a complex transaction. We wish the new relationship all the best.”