Advent International acquires Lloyds TSB Registrars.....

Global private equity firm Advent International has agreed with Lloyds TSB to acquire its subsidiary Lloyds TSB Registrars for a sum of GBP550m. The transaction is expected to close in the second half of this year.

Advent International's acquisition proves that if you try hard enough there are real business opportunities out there and deals waiting to be done in the financial services business process outsourcing sector.

Credit for the success of the transaction is due, in no small part, to the Executive at Lloyds TSB, who not only recognised the term 'core business' but who have positioned the business in such a fashion to make the sale possible and sufficiently attractive to the private equity buyers.