West to Divest Notified
West Technology Group has announced a definitive agreement to sell its Notified business to Equiniti (EQ) for $534.5 million, which includes an $80 million earnout. The transaction is expected to close in Q2 2025.
Notified is a global technology and services provider specializing in corporate communications, including investor relations, public relations, and corporate communications solutions. The company offers services ranging from IR websites and shareholder communications to marketing and regulatory press release distribution through GlobeNewswire®.
West plans to use the net proceeds from the sale in accordance with its credit facility and outstanding notes indentures. RBC Capital Markets and Brownstein Hyatt Farber Schreck, LLP served as financial and legal advisors respectively for the transaction.
West Technology Group ha annunciato un accordo definitivo per vendere la sua attività Notified a Equiniti (EQ) per 534,5 milioni di dollari, che include un earnout di 80 milioni di dollari. Si prevede che la transazione si concluda nel secondo trimestre del 2025.
Notified è un fornitore globale di tecnologie e servizi specializzato nelle comunicazioni aziendali, inclusi i rapporti con gli investitori, le relazioni pubbliche e le soluzioni di comunicazione aziendale. L'azienda offre servizi che vanno dai siti web per gli investitori e le comunicazioni con gli azionisti alla distribuzione di comunicati stampa di marketing e regolamentari tramite GlobeNewswire®.
West prevede di utilizzare i proventi netti dalla vendita in conformità con la sua linea di credito e le obbligazioni in essere. RBC Capital Markets e Brownstein Hyatt Farber Schreck, LLP hanno servito come consulenti finanziari e legali rispettivamente per la transazione.
West Technology Group ha anunciado un acuerdo definitivo para vender su negocio Notified a Equiniti (EQ) por 534,5 millones de dólares, que incluye un earnout de 80 millones de dólares. Se espera que la transacción se cierre en el segundo trimestre de 2025.
Notified es un proveedor global de tecnología y servicios especializado en comunicaciones corporativas, incluyendo relaciones con inversores, relaciones públicas y soluciones de comunicación corporativa. La empresa ofrece servicios que van desde sitios web de IR y comunicaciones con accionistas hasta distribución de comunicados de prensa de marketing y regulatorios a través de GlobeNewswire®.
West planea utilizar los ingresos netos de la venta de acuerdo con su línea de crédito y las notas pendientes. RBC Capital Markets y Brownstein Hyatt Farber Schreck, LLP actuaron como asesores financieros y legales respectivamente para la transacción.
West Technology Group는 Notified 사업부를 Equiniti (EQ)에 5억 3천 4백 50만 달러에 매각하기 위한 최종 계약을 발표했습니다. 여기에는 8천만 달러의 성과급이 포함됩니다. 거래는 2025년 2분기에 마감될 것으로 예상됩니다.
Notified는 투자자 관계, 홍보 및 기업 커뮤니케이션 솔루션을 포함한 기업 커뮤니케이션을 전문으로 하는 글로벌 기술 및 서비스 제공업체입니다. 이 회사는 IR 웹사이트와 주주 커뮤니케이션부터 GlobeNewswire®를 통한 마케팅 및 규제 보도자료 배포에 이르기까지 다양한 서비스를 제공합니다.
West는 매각으로 인한 순수익을 신용 시설 및 미지급 노트 계약에 따라 사용할 계획입니다. RBC Capital Markets와 Brownstein Hyatt Farber Schreck, LLP는 각각 거래의 재정 및 법률 자문 역할을 했습니다.
West Technology Group a annoncé un accord définitif pour vendre son activité Notified à Equiniti (EQ) pour 534,5 millions de dollars, incluant un earnout de 80 millions de dollars. La transaction devrait se conclure au deuxième trimestre de 2025.
Notified est un fournisseur mondial de technologies et de services spécialisé dans les communications d'entreprise, y compris les relations avec les investisseurs, les relations publiques et les solutions de communication d'entreprise. L'entreprise propose des services allant des sites Web IR et des communications avec les actionnaires à la distribution de communiqués de presse marketing et réglementaires via GlobeNewswire®.
West prévoit d'utiliser les produits nets de la vente conformément à sa ligne de crédit et aux obligations en cours. RBC Capital Markets et Brownstein Hyatt Farber Schreck, LLP ont respectivement agi en tant que conseillers financiers et juridiques pour la transaction.
West Technology Group hat eine endgültige Vereinbarung zur Veräußertung seines Notified-Geschäfts an Equiniti (EQ) für 534,5 Millionen Dollar bekannt gegeben, die eine Earnout von 80 Millionen Dollar umfasst. Der Abschluss der Transaktion wird im zweiten Quartal 2025 erwartet.
Notified ist ein globaler Anbieter von Technologie und Dienstleistungen, der sich auf Unternehmenskommunikation spezialisiert hat, einschließlich Investor Relations, Öffentlichkeitsarbeit und Lösungen für Unternehmenskommunikation. Das Unternehmen bietet Dienstleistungen an, die von IR-Websites und Aktionärskommunikation bis hin zur Verteilung von Marketing- und regulatorischen Pressemitteilungen über GlobeNewswire® reichen.
West plant, die Nettomittel aus dem Verkauf gemäß seiner Kreditfazilität und den ausstehenden Anleihen zu verwenden. RBC Capital Markets und Brownstein Hyatt Farber Schreck, LLP fungierten als finanzielle und rechtliche Berater für die Transaktion.
- Significant cash injection of $534.5 million from the sale
- Strategic divestment allows company to focus on core operations
- Deal includes potential additional $80 million through earnout
- Loss of revenue stream from Notified business unit
- Reduction in business diversification
ISLANDIA, N.Y., March 17, 2025 (GLOBE NEWSWIRE) -- West Technology Group, LLC (the “Company” or “West”), a global leader in technology-enabled services, today announced it has entered into a definitive agreement to sell its Notified business to Equiniti (EQ)1, a global leader in shareholder services and advisory firm, for
Notified is a leading global technology and services partner to corporate storytellers, including investor relations (“IR”), public relations (“PR”), and corporate communications professionals. Notified helps organizations effectively reach and engage customers, investors, employees, and the media – from IR websites and shareholder communications to marketing and regulatory press release distribution (via GlobeNewswire®), while measuring the associated impact of earned media and communication effectiveness.
“This strategic move brings together two complementary organizations, enhancing Notified’s ability to empower PR and IR professionals with the tools and support they need to manage their corporate narratives effectively,” said John Shlonsky, Chief Executive Officer and President of West. “After the close of the transaction, customers will continue to receive the exceptional service with the trusted solutions and support they have come to expect from Notified.”
The transaction is expected to close in the second quarter of 2025, subject to regulatory approvals and other customary closing conditions. The Company intends to use the net proceeds of the sale in accordance with its credit facility and indentures governing its outstanding notes.
Brownstein Hyatt Farber Schreck, LLP served as legal advisor and RBC Capital Markets served as financial advisor to West on the transaction.
About West
West Technology Group, LLC (“West”) is an innovative, cloud-based, global technology partner to clients around the world. Our solutions connect people and organizations at the right time and in the right ways, making those mission-critical connections more relevant, engaging, and actionable - turning Information to Insight.
West has sales and/or operations in the United States, Canada, Europe, the Middle East, Asia Pacific, and Latin America. West is controlled by affiliates of certain funds managed by Apollo Global Management, Inc. (NYSE: APO). For more information, please visit www.west.com.
About EQ
EQ are specialists in helping you better understand and manage the ownership of your company through critical events across the corporate lifecycle. As trusted advisors, we provide strategic insight and operations expertise through our core business units in Transfer Agent Services, Employee Plan Solutions, Proxy Services and Private Company Services. Globally, we serve 5,000 clients (~
Forward-Looking Statements
This press release contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be generally identified by the use of words such as “may,” “should,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “intends,” “continue,” or similar terminology. These statements reflect only West’s current expectations and are not guarantees of future performance or results. These statements are subject to various risks and uncertainties that could cause actual results to differ materially from those contained in the forward-looking statements. These risks and uncertainties include, but are not limited to, competition in West’s highly competitive markets; increases in the cost of voice and data services or significant interruptions in these services; West’s ability to keep pace with its clients’ needs for rapid technological change and systems availability; the continued deployment and adoption of emerging technologies; the loss, financial difficulties or bankruptcy of any key clients; security and privacy breaches of the systems West uses to protect personal data; the effects of global economic and health trends on our business, including as a result of disruption of the business of West’s clients; the non-exclusive nature of West’s client contracts and the absence of revenue commitments; the cost of pending and future litigation; the cost of defending against intellectual property infringement claims; the effects of extensive regulation affecting many of West’s businesses; West’s ability to protect its proprietary information or technology; service interruptions to West’s data and operation centers; West’s ability to retain key personnel and attract a sufficient number of qualified employees; increases in labor costs and turnover rates; the political, economic and other conditions in the countries where West operates; changes in foreign exchange rates; West’s ability to complete future acquisitions, integrate or achieve the objectives of its recent and future acquisitions; and future impairments of our substantial goodwill, intangible assets, or other long-lived assets. In addition, West is subject to risks related to its level of indebtedness. Such risks include West’s ability to generate sufficient cash to service its indebtedness and fund its other liquidity needs; West’s ability to comply with covenants contained in its debt instruments; West’s ability to obtain additional financing; the incurrence of significant additional indebtedness by West and its subsidiaries; and the ability of West’s lenders to fulfill their lending commitments. West is also subject to other risk factors described in its annual report for the year ended December 31, 2023.
These forward-looking statements speak only as of the date on which the statements were made. West undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent required by applicable law.
- Armor Holding II, LLC and Orbit Private Holdings I Limited (together, EQ)
Contact Dave Pleiss Investor & Public Relations DMPleiss@West.com
FAQ
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