West to Divest Notified

Core Insights - West Technology Group has entered into a definitive agreement to sell its Notified business to Equiniti for $534.5 million, which includes an $80 million earnout [1][3] - The transaction is expected to close in the second quarter of 2025, pending regulatory approvals and customary closing conditions [3] Company Overview - West Technology Group is a global leader in technology-enabled services, providing innovative, cloud-based solutions that connect organizations and individuals [5][6] - The company operates in multiple regions, including the United States, Canada, Europe, the Middle East, Asia Pacific, and Latin America, and is controlled by affiliates of Apollo Global Management [6] Notified Business - Notified is a leading global technology and services partner for corporate storytellers, including investor relations, public relations, and corporate communications professionals [2] - The services provided by Notified include IR websites, shareholder communications, marketing, and regulatory press release distribution, along with measuring the impact of earned media [2] Strategic Rationale - The acquisition is seen as a strategic move that will enhance Notified's capabilities in empowering PR and IR professionals with necessary tools and support [3] - The CEO of West emphasized that customers will continue to receive exceptional service and trusted solutions post-transaction [3] Equiniti Overview - Equiniti is a global leader in shareholder services and advisory, serving approximately 5,000 clients, including around 50% of the FTSE 100 UK and 35% of the S&P 500 [7] - The company specializes in managing ownership through critical corporate lifecycle events, providing strategic insights and operational expertise [7]