SAN FRANCISCO--(BUSINESS WIRE)--SRS|Acquiom announced that it is distributing enhanced escrow solutions from SunTrust Bank to participants in private M&A transactions. The combination of SunTrust’s escrow services with the company’s Acquiom M&A payments administration services provides merger parties higher yields on escrowed funds than those offered by other M&A escrow banks, and the fastest M&A closing and post-closing distributions available in the market. Now, SRS|Acquiom offers deal parties a streamlined process for purchasing M&A payment administration and escrow services with a choice of escrow bank. In addition to the SunTrust Enhanced Escrow, SRS|Acquiom also distributes enhanced escrow solutions from Capital One Bank.
By bringing speed and better economics to what has been an unnecessarily burdensome part of the M&A process, SRS|Acquiom’s payment administration services and related escrow solutions are experiencing fast growth. “Already the global leader for shareholder representation, SRS|Acquiom is changing the rules for how M&A payments are administered and how the post-closing period is managed,” said Steve Miles, Group Vice President, Institutional Investment Services/Escrow Services of SunTrust Bank. “We are excited to offer our enhanced escrow solution that helps make the whole process simpler and faster, with better economics. It’s a no-brainer for merger participants.”
“SunTrust’s selection of our payments administration service as a complement to its escrow services is further confirmation that our Acquiom M&A closing solutions are exactly what the market needs. Now at closing, acquiring companies can fund one account and move on — focusing their attention on the business of integrating the merged companies,” said Mark Vogel, CEO of SRS|Acquiom. “Then, months or years later when the escrow is released or an earnout milestone is achieved, these distributions are as hassle-free as the initial disbursements to shareholders.”
SunTrust Enhanced Escrow offers these benefits:
Simple. SRS|Acquiom and SunTrust have simplified the process, making it much easier for deals to close.
Better Economics. The SunTrust Enhanced Escrow offers a combination of enhanced yield and reduced fees when purchased in combination with Acquiom’s payments administration services — often enough to cover the attorneys’ fees and transaction costs of doing the deal. Going with traditional escrows is leaving money behind for no reason.
Fast Payments. With Acquiom providing payment administration services releasing funds held in escrow is as hassle-free as the initial disbursements of merger proceeds to shareholders. Acquiom provides the fastest and easiest way to disburse merger proceeds the market has ever seen.
Easy Engagement. The experts at Acquiom understand “M&A hours”. They are skilled at working with attorneys to process merger documents quickly and ensure that escrow agreements are in line with customer requirements. Acquiom has designed shareholder-friendly templates for letters of transmittal and flexible requirements for distribution spreadsheets. This reduces payment delays and makes the engagement hassle-free for deal counsel as well.
Independent. SunTrust acts as an independent and neutral escrow bank. Merger parties have confidence that funds are held in an FDIC-insured deposit account under the control of SunTrust Bank and, like every escrow, are released only under the terms of the escrow agreement.
Secure. SunTrust Bank has total assets of $175 billion and ranks among the top U.S. M&A escrow banks in financial strength.
About SunTrust Bank
SunTrust Banks, Inc., headquartered in Atlanta, is one of the largest banking organizations in the country with total assets over $175 billion. SunTrust provides lending, capital markets and treasury management solutions to a broad range of business and institutional clients; and has more than 100 years of institutional trust experience. SunTrust ranks among the top U.S. M&A escrow banks in financial strength. For more information: suntrust.com.
SRS|Acquiom is the global leader for managing post-closing activity in private M&A —innovating new ways to complete transactions that help merger parties to close more efficiently and economically. The affiliated SRS and Acquiom lines of business deliver industry-leading shareholder representation, payments administration, and escrow solutions with a senior-level team of attorneys, financial professionals, and operations and systems experts. Engaged on 575 deals comprising $86 billion in aggregate deal value, SRS|Acquiom represents 58,000 shareholders including 500 of the top venture capital and private equity firms. For more information: srsacquiom.com.