The DWF Manchester corporate team provided legal services to Equiniti for the transaction which will enhance the business's client offerings and add depth to its technology solutions service.
Aquila is a UK-based life and pensions technology provider for pension schemes and large insurance companies. Its proprietary platform 'Administrator' supports propositions in workplace savings, bulk purchase annuities and heritage transformation.
National Head of Corporate at DWF Frank Shephard advised on the transaction alongside corporate partner Lisa Stavropoulos, partner Ben McLeod, senior associate James Cashman, associate Francesca Kinsella and solicitor Amelia Mackie.
This deal comes just months after DWF advised the business on its acquisition of specialist shareholder engagement company Boudicca Proxy Limited.
Frank Shephard said: "We're delighted to have advised our long-standing client Equiniti on this transaction which will strengthen software options for its clients. It demonstrates the high level of financial services and technology acquisition capability within our Corporate practice. We look forward to supporting Equiniti as it continues to diversify the services it provides to its clients."
James Brown, Group Director of Strategy & Corporate Development at Equiniti said: "This is one of the many acquisitions where we have been advised by DWF. Their financial services technology expertise and responsiveness are highly valued by the Equiniti team."
DWF's corporate team has acted for a number of high profile clients in the last month including advising LPW Technology, a leading manufacturer of ultra-clean Additive Manufacturing (AM) metal powders used for 3D printing, on its sale to USA industry giant, Carpenter Technology Corporation.