ComputerShare completes Lord Securities acquisition

Source: ComputerShare

Computershare Limited (ASX: CPU) today announced that it has completed the acquisition of Lord Securities Corporation and Lord Securities (Delaware) LLC.

Terms of the transaction involve the immediate transfer of 100% of the common equity and membership interests of the two companies to Computershare.

Headquartered in New York, New York, Lord Securities is a pre-eminent provider of management and administrative support services to the global structured finance markets. For more than 30 years, Lord Securities has provided customized solutions and services to issuers and arrangers of complex asset-backed and structured debt financings - commonly known as SPV management services. Lord Securities offers its clients a broad array of administrative support services, the facilitation of independent ownership and governance services and other entity management services for more than 500 clients around the world.

Earlier this year, Computershare announced the formation of its Global Fixed Income Services Group - formed to develop alternative services for the growing demands of the global bond markets.

"Lord Securities represent a significant step towards positioning Computershare as a high quality provider of specialized financial services to the structured finance marketplace. The quality of Lord Securities services, the loyalty of their client base and the diversity of their experience offer an outstanding foundation upon which to build our business. We look forward to working closely with our new clients and their advisors, bond trustees, rating agencies and other market participants in continuing the fine traditions of Lord Securities for high quality and customized solutions," said Mark Ferraris, President of Computershare's Global Fixed Income Services Group.

Computershare intends to maintain the Lord Securities name and expects the integration of the business to be virtually seamless with many of the necessary transitional components already in place.

"We are very proud of the reputation that Lord Securities has achieved in the structured finance market. We believe that our alignment with Computershare represents the very best opportunity for taking this reputation and our services model to the next level. We are delighted to be joining the Computershare team and we look forward to incorporating the best of their technologies and service standards into our own," said Benjamin Abedine, chief executive for Lord Securities.

Comments: (0)