- New consortium makes an indicative offer
- Madison Dearborn Partners has until 17 April to make an offer
- Revenue up 28 per cent in the first 11 weeks of 2024
Aim-traded fintech payments group Equals (EQLS:118p), a fast-growing challenger brand in banking and international payments, days as a listed entity look numbered after it attracted bid interest from another party.
A consortium comprising Embedded Finance and TowerBrook Capital has made an indicative non-binding proposal regarding a possible offer for the whole company. This follows a strategic review that has led to ongoing takeover discussions with Madison Dearborn Partners. The Takeover Panel has given Madison an extended deadline of 17 April to either make an offer for Equals or declare that it doesn’t intend to. Equals releases annual results the day before the deadline, which will make for a good read.