On 12th December, a consortium including GCC portfolio company Railsr (a leading embedded finance platform) agreed to acquire Equals Group plc in a £283m deal to create a new embedded finance powerhouse.
On 8th January 2025, it was announced that the shareholders in Equals approved the bid with the majority required to ensure 100% of shares can be acquired by the consortium, who include the TowerBrook Funds, the J.C. Flowers Funds, and the Railsr Shareholders.
This is a significant milestone for the successful acquisition, which, however, still requires approval from the regulator FCA.
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