Melbourne, Victoria, Australia-based Computershare (ASX:CPU) acquired Verbatim Global Compliance, a U.S.-based provider of managed corporate secretarial services around the world, from Orrick, Herrington & Sutcliffe LLP.
The amount of the deal was not disclosed.
As a result of the acquisition, Computershare will be able to offer a greater range of integrated, entity governance offerings; combining group restructuring support, advisory services, regulatory technology and fully managed services for clients to reduce global entity compliance.
Computershare’s Governance Services business covers 110 jurisdictions and includes new entity incorporations, subsidiary governance frameworks, registered agent for service of process as well as board of directors’ training and support. In addition, clients will benefit from extended governance advisory services via consulting experts. Verbatim’s services focus on corporate secretarial procedural requirements, particularly in relation to local company law, as well as corporate governance developments and best practice.
Founded in 1978, Computershare is a global market leader in transfer agency and share registration, employee equity plans, mortgage servicing, proxy solicitation and stakeholder communications. The company also specializes in corporate trust, bankruptcy, class action and a range of other diversified financial and governance services. Computershare has over 12,000 employees worldwide.
FinSMEs
06/07/2020