Siris Capital Group, LLC made a non-binding proposal to acquire Equiniti Group plc (LSE:EQN) for approximately £620 million on April 19, 2021. Siris Capital Group, LLC has reached an agreement to acquire Equiniti Group plc (LSE:EQN) on May 27, 2021. Under the terms, the offer price is £1.7 per share. As of April 28, 2021, Siris Capital revised proposal with offer price to be £1.8 per shares. Siris as borrower to the Interim Facilities Agreement and has the benefit of the Interim Bridge Facility, pursuant to which certain lenders have made available £495 million on a customary certain funds basis to be used to finance the consideration payable for the acquisition. However, in order to facilitate the EQ Acquisition and the AST Acquisition being financed on a combined basis, it is proposed that Siris obtains $1.075 billion (£772.194 million) in senior secured first lien loan facilities comprising a $900 million (£646.488 million) term loan facility and a $175 million (£125.706 million) revolving credit facility; and issues $350 million (£251.412 million) in "Rule 144A-for-life" senior unsecured notes. A group of lenders comprising Goldman Sachs, Bank of America, Deutsche Bank and Lloyds have committed to make available the Term Loan and to act as joint book-running managers in relation to the Notes. It is proposed that the Lenders' commitments under the Term Loan be syndicated to third party lenders and/or debt investors and that a private placement be carried out in relation to the Notes. The Proposal is subject to several pre-conditions including completion of detailed due diligence and arrangement of debt financing. Siris Capital Group, LLC by not later than May 17, 2021, either to announce a firm intention to make an offer for Equiniti or to announce that it does not intend to make an offer. The Board of Equiniti has considered the Revised Proposal and has confirmed to Siris that it would be minded recommending a firm offer to shareholders, subject to agreement of other customary terms and conditions. As of May 17, 2021, due diligence continues to progress, Equiniti Group plc Board has requested, and the Takeover Panel has consented to, an extension to this deadline on May 28, 2021. The Court Meeting and the General Meeting are due to be held on July 19, 2021. The Board of Equiniti Group unanimously recommended its shareholders to vote for the transaction. The acquisition is conditional on the approval by Equiniti Group plc shareholders of the scheme of arrangement, as well as on customary regulatory approvals, approval of the Scheme at the Court Meeting, expiration or termination of any applicable waiting period (or extension thereof), under the Hart-Scott-Rodino Antitrust Improvements Act, Third Party clearances and other conditions. On July 2, 2021, the applicable waiting period for approval of the EQ Acquisition under the US Hart-Scott-Rodino Antitrust Improvements Act of 1976 expired. The transaction was approved at the court meeting and the general meeting of Equiniti Group plc shareholders on July 19, 2021. As of July 23, 2021, Lloyds Bank plc agreed to become a party to the Interim Facilities Agreement as a lender pursuant to a transfer certificate, along with Orbit Private Holdings II Ltd, Goldman Sachs Bank USA, Bank of America Europe DAC and Deutsche Bank Securities Inc. The transaction is expected to complete in fourth quarter of 2021. As on October 11, 2021, Siris Capital Group, LLC continues to seek all regulatory approvals to satisfy the Conditions to the Scheme. As of November 4, 2021, New York State Department of Financial Services, Financial Conduct Authority approved the transaction. As of December 8, 2021, the Court has sanctioned the scheme of arrangement. Scheme is expected to become Effective in the last quarter of 2021. As of December 3, 2021, scheme is expected to become Effective on December 9, 2021. A request has been made for the suspension of the listing of EQN Shares on the premium segment of the Official List and the admission to trading of EQN Shares on the LSE's Main Market with effect from December 10, 2021. David Wyles, James Babski and Dean Rodrigues of Greenhill & Co. International LLP and Chris Emmerson and Ben Maiden of Goldman Sachs International acted as financial advisors to Siris Capital Group, LLC. John Deans, Neil Thwaites and Alexander Mitteregger of N M Rothschild & Sons Limited and Alex de Souza, Luke Spells and Christopher Wren of Citigroup Global Markets Limited acted as financial advisors to the Board of Equiniti. Wachtell, Lipton, Rosen & Katz LLP and Macfarlanes LLP acted legal advisors to Siris. Linklaters LLP acted as legal advisor to Equiniti. Lloyds Bank Corporate Markets Plc acted as financial advisor to Siris. Andrew Tusa and Stuart Jempson of Barclays Bank PLC acting as a corporate broker to Equiniti. Siris Capital Group, LLC completed the acquisition of Equiniti Group plc (LSE:EQN) on December 9, 2021.