West Completes Sale of Notified to Equiniti
West Technology Group has successfully completed the sale of its Notified business to Equiniti (EQ) for $534.5 million, which includes an $80 million earnout. The transaction represents a strategic move to transfer Notified, a platform focused on business-stakeholder communications, to EQ's leadership.
West's CEO John Shlonsky expressed confidence in the synergies between EQ and Notified, anticipating continued innovation and expansion under the new ownership. The company plans to utilize the net proceeds in accordance with its credit facility and outstanding notes requirements. RBC Capital Markets and Brownstein Hyatt Farber Schreck, LLP served as financial and legal advisors respectively for the transaction.
West Technology Group ha completato con successo la vendita del suo business Notified a Equiniti (EQ) per 534,5 milioni di dollari, inclusi 80 milioni di dollari di earnout. L'operazione rappresenta una mossa strategica per trasferire Notified, una piattaforma focalizzata sulle comunicazioni tra aziende e stakeholder, alla leadership di EQ.
Il CEO di West, John Shlonsky, ha espresso fiducia nelle sinergie tra EQ e Notified, prevedendo continui innovazioni ed espansioni sotto la nuova proprietà. L'azienda intende utilizzare i proventi netti in conformità con le condizioni della sua linea di credito e degli obblighi sui titoli in circolazione. RBC Capital Markets e Brownstein Hyatt Farber Schreck, LLP hanno agito rispettivamente come consulenti finanziari e legali per la transazione.
West Technology Group ha completado con éxito la venta de su negocio Notified a Equiniti (EQ) por 534,5 millones de dólares, que incluye un earnout de 80 millones de dólares. La transacción representa un movimiento estratégico para transferir Notified, una plataforma centrada en las comunicaciones entre empresas y sus grupos de interés, al liderazgo de EQ.
El CEO de West, John Shlonsky, expresó confianza en las sinergias entre EQ y Notified, anticipando una continua innovación y expansión bajo la nueva propiedad. La compañía planea utilizar los ingresos netos conforme a su línea de crédito y los requisitos de sus 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 3,450만 달러에 성공적으로 매각하였으며, 이 금액에는 8,000만 달러의 추가 성과금이 포함되어 있습니다. 이번 거래는 비즈니스 이해관계자 커뮤니케이션에 중점을 둔 플랫폼인 Notified를 EQ의 리더십으로 이전하는 전략적 조치입니다.
West의 CEO John Shlonsky는 EQ와 Notified 간의 시너지 효과에 대해 자신감을 표명하며, 새로운 소유주 하에서 지속적인 혁신과 확장을 기대한다고 밝혔습니다. 회사는 순수익을 신용 시설과 미결제 채권 요건에 따라 사용할 계획입니다. RBC Capital Markets와 Brownstein Hyatt Farber Schreck, LLP가 각각 금융 및 법률 자문을 맡았습니다.
West Technology Group a finalisé avec succès la vente de son activité Notified à Equiniti (EQ) pour 534,5 millions de dollars, incluant un earnout de 80 millions de dollars. Cette opération représente une démarche stratégique visant à transférer Notified, une plateforme dédiée aux communications entre entreprises et parties prenantes, sous la direction d'EQ.
Le PDG de West, John Shlonsky, a exprimé sa confiance dans les synergies entre EQ et Notified, anticipant une innovation et une expansion continues sous la nouvelle propriété. La société prévoit d'utiliser les produits nets conformément à sa facilité de crédit et aux exigences liées à ses titres en circulation. RBC Capital Markets et Brownstein Hyatt Farber Schreck, LLP ont respectivement agi en tant que conseillers financiers et juridiques pour cette transaction.
West Technology Group hat den Verkauf seines Notified-Geschäfts erfolgreich an Equiniti (EQ) für
John Shlonsky, CEO von West, äußerte Zuversicht bezüglich der Synergien zwischen EQ und Notified und erwartet unter der neuen Eigentümerschaft weiterhin Innovationen und Wachstum. Das Unternehmen plant, die Nettoerlöse gemäß seiner Kreditfazilität und den Anforderungen der ausstehenden Schuldverschreibungen zu verwenden. RBC Capital Markets und Brownstein Hyatt Farber Schreck, LLP fungierten als Finanz- bzw. Rechtsberater der Transaktion.
- Sale generates significant cash proceeds of $534.5 million
- Additional potential value through $80 million earnout structure
- Strategic alignment with credit facility and debt obligations through proceeds utilization
- Divestment of a business unit may impact overall revenue stream
- Loss of Notified's stakeholder communication platform from West's portfolio
ISLANDIA, N.Y., May 01, 2025 (GLOBE NEWSWIRE) -- West Technology Group, LLC (the “Company” or “West”) has completed the sale of its Notified business to Equiniti (EQ)1, a global leader in shareholder services and advisory firm.
“We are pleased to complete the sale of Notified and believe that the complementary strengths of EQ and Notified will elevate the platform to new heights,” said John Shlonsky, President and Chief Executive Officer of West. “Notified has transformed the way businesses connect with stakeholders, and we are confident that under EQ’s leadership, it will continue to innovate and expand its reach. We look forward to seeing Notified flourish in its next chapter.”
The sale price was
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 a cloud-based technology partner, delivering AI-driven omnichannel solutions that automate interactions and optimize engagements, improving efficiency and customer satisfaction. Our expertise includes innovative digital patient relationship management and conversational AI solutions. West is controlled by affiliates of certain funds managed by Apollo Global Management, Inc. (NYSE: APO). For more information, please visit www.west.com.
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; West’s ability to keep pace with its clients’ needs for rapid technological change and systems availability; the loss, financial difficulties or bankruptcy of any key clients; the ability to realize estimated synergies and costs savings; security and privacy breaches of the systems West uses to protect personal data; increases in the cost of voice and data services or significant interruptions in these services; the effects of global economic and health trends on our business, including as a result of disruption of the business of West’s clients; our Sponsor’s control and influence; the political, economic and other conditions in the countries where West operates; changes in tax rates, the adoption of new tax legislation, or exposure to additional tax liabilities; changes in foreign exchange rates; 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; our ability to withdraw cash from foreign subsidiaries; 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 obtain additional financing; the incurrence of significant additional indebtedness by West and its subsidiaries; 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; 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, 2024.
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 DMPleiss@West.com
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