India, Nov. 9 -- Investment bank Morgan Stanley (MS) announced on Monday that it has agreed to acquire digital-first transfer agent and shareholder recordkeeping platform Vinyl Equity. Financial terms of the transaction were not disclosed.
The company said the acquisition will expand the capabilities of its Morgan Stanley at Work business by adding transfer agency services, including cap table management, equity administration and share transfer functions.
Morgan Stanley said Vinyl's platform is designed to modernize transfer agent operations through digital workflows, real-time reporting and streamlined administration.
The bank said the acquisition will strengthen its private-to-public market offering and support companies as they prepa...