Siris Retains Key Equiniti Units Amid Bullish Sale

The transaction will finalize in January 2027, occurring in parallel with the closing of the broader sale of Equiniti to Bullish. By retaining these assets, Siris aims to transition them into a dedicated portfolio platform, enabling targeted investment in AI-driven administration and service expansion. Siris has held the Equiniti businesses since 2021, overseeing significant technological upgrades during its tenure.

These units serve as critical infrastructure within the UK financial sector. EQ Retirement Solutions currently manages pension administration for over 10 million members, while Lenvi oversees more than £100 billion in credit assets for over 150 lenders. Frank Baker and Grant Weisberg, the firm's leadership, noted that the decision provides these businesses with the focused resources necessary to accelerate their market momentum. The separation ensures that clients continue to receive uninterrupted support while the companies leverage new capital to enhance their proprietary software capabilities.