Equals confirms talks with Railsr, TowerBrook, JC Flowers on possible offer at advanced stage

Equals confirms talks with Railsr, TowerBrook, JC Flowers on possible offer at advanced stage

Equals Group plc (LON:EQLS) today provided an update on the review of its strategic options.

On 10 July 2024 the Board of Equals announced that it had received an improved indicative non-binding proposal from the consortium comprising Embedded Finance Limited (“Railsr”) and TowerBrook Capital Partners (U.K.) LLP regarding a possible all-cash offer for the entire issued and to be issued share capital of Equals at a price of 135 pence per Equals Share.

On 4 September 2024 the Board announced that J.C. Flowers & Co. LLC had joined the Consortium and that discussions in relation to a fully equity financed…
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