WBS Acquired by Epiris | Financial Services M&A Deal

Epiris has completed the acquisition of WBS, a payments processing business in the UK, for an undisclosed amount. WBS provides dealing, custody, and technology solutions for the investment industry, supporting trading operations and client workflows. Epiris acquisitions add a payments processing acquisition capability to its financial services M&A platform strategy by backing WBS to expand product delivery and service capacity. The platform acquisition is part of a private equity acquisition by Epiris Fund III, with WBS leadership continuing under CEO Alex Kerry and a new board chaired by Chris Woodhouse, effective after the closed deal.