Montagu Private Equity has exited Swiss employee share plan administration business Equatex in a $420m (€354.5m) deal.
The company has been sold to Computershare, an Australian provider of transfer agency and share registration, employee equity plans, mortgage servicing, proxy solicitation and stakeholder communications.
Montagu carved Equatex out of UBS Wealth Management in 2015.
Equatex provides employee and executive compensation plan services to 160 clients and 1.1 million share participants. Based in Zurich, it has turnover of around $79m and Ebitda of $22m.
The company employs 220 people in six offices and has CHF40bn of assets under administration.
The deal improves Computershare’s access to European products and increase its product range.