Epiris acquires WBS for undisclosed sum

Investment solutions provider WBS has been acquired by Epiris Fund III, advised by Epiris LLP, for an undisclosed amount.

The private equity firm acquired the provider of trading, custody and technology solutions to the UK investment industry from Marex Group.

WBS said the completion of the transaction marked the beginning of a new chapter, supported by Epiris’ investment to build on its foundations and continue delivering services, innovation, and partnership to its clients.

Founded in 2010, WBS uses its proprietary EOS technology to deliver solutions to UK wealth and retail investment platforms, including Fidelity, Transact, and Vanguard.

The new board of WBS will be chaired by Evelyn Partners former CEO, Chris Woodhouse, while Evelyn Partners former CFO, Andrew Baddeley, has been appointed as non-executive director and chair of its Risk & Audit Committee.

WBS will continue to be led by Alex Kerry as CEO, supported by its existing management team.

"We’re delighted to embark on this new chapter for WBS and our clients,” Kerry stated.

“Throughout our history, our priority has always been to support our clients in delivering good customer outcomes and to help facilitate growth and long-term success. Our commitment to this remains unchanged.

“We’re particularly excited that as a stand-alone company, we’ll be able to really accelerate our growth, backed by investment from a partner who understands the business and its objectives.

“This will enable us to continue delivering market-leading solutions, innovation and partnership our clients value and trust.”

Woodhouse added: “I’m thrilled to being joining WBS at this significant milestone in their story.

“Alex and the team have built a strong market position, underpinned by talented people, a clear strategic focus, and a culture of delivering exceptional outcomes for our clients.

“With significant momentum behind it, and strong backing from its partners, WBS is well positioned to continue its growth trajectory and realise the substantial opportunities ahead.

“I look forward to working closely with the Alex, the board and wider leadership team to support the next chapter of growth, innovation, and long-term value creation.”

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