Siris forms platform with EQRS, EQCR and Lenvi
The three UK businesses together support over 10 million pension members and manage more than £100 billion in credit assets.
Takeaways
- EQRS, EQCR and Lenvi is a Three UK businesses providing pension administration, customer-resolution services and loan-servicing software.
- Siris and EQRS, EQCR and Lenvi are classified as a platform transaction.
- The target serves UK pension schemes, financial institutions, and corporate clients across United Kingdom.
Siris has retained EQRS, EQCR and Lenvi as a standalone platform following the firm's agreement to sell Equiniti to Bullish.
The three UK businesses provide outsourced pension administration, customer-resolution services and loan-servicing software to pension schemes, financial institutions and corporate clients.
EQRS supports more than 10 million pension members, and Lenvi's platform manages over £100 billion in credit assets for more than 150 lenders.
EQCR helps financial institutions handle customer complaints through proprietary case-management software.
Siris acquired Equiniti in 2021 and has invested significantly in the businesses since then.
"Maintaining ownership of EQRS, EQCR and Lenvi will establish these businesses as a dedicated platform within our portfolio, with a clear mandate to invest in their growth," said Frank Baker, Co-Founder and Managing Partner, and Grant Weisberg, Principal, at Siris.
As a standalone platform with dedicated resources, the businesses intend to accelerate investment in AI-enabled administration, onboarding capacity and enhanced member experience.
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