News
Affiliates of Siris Capital Group complete the acquisition and combination of Equiniti and AST
Affiliates of Siris Capital Group complete the acquisition and combination of Equiniti and AST
- Siris brings strong financial resources and extensive strategic and operational expertise in financial technology to Equiniti and AST
- The combination is expected to create a leading international provider of mission-critical shareholder and other complex regulatory technology
LONDON, U.K., NEW YORK, U.S. — Equiniti Group plc (“EQ” or “the Group”) has announced the completion of its acquisition by Earth Private Holdings. Earth Private Holdings is a newly incorporated company affiliated with Siris Capital Group, LLC (together with its affiliates, “Siris”). Siris also announced the completion of its acquisition of AST and the resulting combination of EQ and AST.
EQ is a leading international provider of shareholder, pension, remediation, and credit technology. EQ has over 5,000 employees and supports 36 million people in 120 countries. EQ serves clients and customers through four divisions: EQ Boardroom, EQ Digital, EQ Paymaster and EQ US. AST is a leading provider of technology-enabled ownership data management, analytics, and advisory products and services to corporate issuers and mutual funds in the U.S. and private companies globally. Siris is a leading private equity firm that invests in technology companies with mission-critical products.
Siris, EQ, and AST each share the belief that there is a strategic fit between EQ’s and AST’s businesses, given their complementary products, services, and customers. The combination is expected to create a leading international provider of mission-critical shareholder and other complex regulatory technology that will be well-positioned to meet the evolving needs of its customers, employees, and other stakeholders. Siris is committed to ensuring that the combined company will be the partner of choice to its customers.
Paul Lynam, CEO of EQ, commented: “As a result of the Siris investment, EQ will have access to the resources it needs to accelerate transformation efforts, enabling the Group to reach its full potential. Siris’ investment should provide greater opportunities for our people and ensure that we continue to be the partner of choice to our customers. I look forward to working closely with Siris and AST as we help the combined business achieve its strategic objectives.”
“The future of our business is bright for both our clients and our employees,” said Martin Flanigan, President & CEO of AST. “The combination of our people, products, and expertise, paired with resources from Siris, will further strengthen our offerings. Together EQ and AST can reach new heights, jointly serving more customers and offering our clients an expanded portfolio of products and services.”
“EQ and AST are proven performers with best-in-class products,” said Michael Hulslander, a Managing Director of Siris. “The combination creates a company with a differentiated portfolio of products and a global footprint that enhances an already attractive customer proposition. We look forward to working closely with management to accelerate growth and innovation.”
John Swainson, an Executive Partner of Siris, added: “I am excited to partner with management to build upon EQ’s and AST’s successful track records. I know Siris is committed to providing the guidance and support needed to help EQ and AST during this next stage of growth as they join together. I look forward to helping build an even stronger business as we focus on opportunities for innovation and growth as a part of the company’s partnership with Siris.”
Greenhill and Goldman Sachs International served as financial advisors to Siris. Wachtell, Lipton, Rosen & Katz and Macfarlanes LLP were retained as (respectively) U.S. and U.K. legal advisors to Siris.
About EQ (Equiniti Group plc)
EQ is a leading international provider of shareholder, pension, remediation, and credit technology. With over 5,000 employees, it supports 36 million people in 120 countries. EQ’s purpose is to care for every customer and simplify every transaction, delivered with less of an impact on the environment.
Find out more https://equiniti.com/
EQ serves clients and customers through four divisions:
EQ Boardroom: Share registration/transfer agent, governance and investor relations advisory, and employee benefits services
EQ Digital: Helping regulated businesses and Government to manage customers through innovative digital solutions
EQ Paymaster: Pensions, annuities, flexible benefits and payroll for the U.K.’s largest public and private sector organisations
EQ U.S.: Transfer agency, equity compensation services and digital solutions for U.S. firms; serving the world’s leading brands since 1929
About Siris
Siris is a leading private equity firm that invests primarily in mature technology and telecommunications companies with mission-critical products and services, facing industry changes or other significant transitions. Siris’ development of proprietary research to identify opportunities and its extensive collaboration with its Executive Partners and Advisors are integral to its approach. Siris’ Executive Partners and Advisors are experienced senior operating executives that actively participate in key aspects of the transaction lifecycle to help identify opportunities and drive strategic and operational value. Siris has offices in New York, Silicon Valley and West Palm Beach, and has raised nearly $6 billion in cumulative capital commitments. www.siris.com.
About AST:
AST is a leading provider of ownership data management, analytics and advisory services to public and private corporate issuers and mutual funds in the U.S. and private companies globally. AST offers a comprehensive product set, including transfer agency services, cap table management, employee stock plan administration services, proxy solicitation and advisory services, private company solutions and bankruptcy claims administration services. AST affiliates include D.F. King & Co, Inc., AST Private Company Solutions, Inc. and Donlin, Recano & Company, Inc. Learn more at www.astfinancial.com.
Media Contacts
EQ:
Olivia Peters
Tulchan Communications
+44 20 7353 4200
equiniti@tulchangroup.com
AST:
Brian Hart
Flackable
866.225.0920 ext. 101
brian@flackable.com
Siris:
Dana Gorman
Abernathy MacGregor
1-212-371-5999
dtg@abmac.com
Blair Hennessy
Abernathy MacGregor
1-212-371-5999
bth@abmac.com
Siris Publishes Inaugural Annual ESG Report and Joins the UN-supported Principles for Responsible Investment
Siris Publishes Inaugural Annual ESG Report and Joins the UN-supported Principles for Responsible Investment
New York, November 17, 2021 – Siris, a leading private equity firm focused on investing and driving value creation in technology and telecommunications companies, is proud to announce that the firm has issued its inaugural Annual ESG Report. As another step in the firm’s commitment to thoughtfully integrate environmental, social and governance (ESG) considerations into its business practices, Siris has also become an official signatory of the United Nations-supported Principles for Responsible Investment (PRI), a global organisation of more than 4,300 signatories with over $121 trillion AUM that are committed to incorporating ESG factors in their investment strategy.
Siris’ approach to responsible investment is driven by the firm’s values rooted in corporate citizenship, and aligns to its investors’ increasing desire for their capital to be deployed responsibly and with sensitivity towards ESG and diversity, equity and inclusion (DE&I) factors. The firm works to integrate ESG considerations into its investment process, and engages with its portfolio companies to help them uphold the same values and standards.
“We are excited to share the progress we have made in our ESG journey. I believe our dedication to continuously improving our ESG practices enhances our ability to successfully execute our mission of delivering value to our investors,” said, Jeffrey Hendren, a Co-Founder, Managing Partner and ESG Committee Co-Chair of Siris. “I am proud of the work we have done to address ESG issues, foster a diverse and inclusive workplace and actively support our communities.”
Fiona Reynolds, PRI CEO, commented, “We are very pleased to welcome Siris as a PRI signatory. It is encouraging to see the private markets – including private equity – increasingly engaging in sustainable investing. We hope that more PE firms will follow Siris’ example in incorporating ESG factors into their ownership and investment decisions. We look forward to working with the team.”
Siris remains focused on holding itself socially responsible as investors, industry leaders and partners with its portfolio companies, and aims for the highest levels of transparency to its investors by reporting and discussing ESG considerations on a regular basis. As part of the firm’s efforts to align its ESG policies to globally recognized frameworks, Siris plans to begin public reporting in accordance with PRI guidelines in 2023.
About Siris
Siris is a leading private equity firm that invests primarily in mature technology and telecommunications companies with mission-critical products and services, facing industry changes or other significant transitions. Siris’ development of proprietary research to identify opportunities and its extensive collaboration with its Executive Partners and Advisors are integral to its approach. Siris’ Executive Partners and Advisors are experienced senior operating executives that actively participate in key aspects of the transaction lifecycle to help identify opportunities and drive strategic and operational value. Siris has offices in New York, Silicon Valley and West Palm Beach, and has raised nearly $6 billion in cumulative capital commitments. www.siris.com.
About PRI
The PRI works to understand the investment implications of environmental, social and governance (ESG) factors and to support its international network of investor signatories in incorporating these factors into their investment and ownership decisions. The PRI acts in the long-term interests of its signatories, of the financial markets and economies in which they operate and ultimately of the environment and society as a whole. Launched in New York in 2006, the PRI has grown to more than 4,300 signatories, managing over US $121 trillion AUM.
Media Contacts
Dana Gorman / Blair Hennessy
Abernathy MacGregor
212-371-5999
dtg@abmac.com / bth@abmac.com
SaaS Leader Bret Griess Joins Siris as Executive Partner
SaaS Leader Bret Griess Joins Siris as Executive Partner
NEW YORK, Nov. 2, 2021 – Siris, a leading private equity firm focused on investing and driving value creation in technology and telecommunications companies, today announced that Bret Griess has joined the firm as an Executive Partner. In close partnership with Siris and the Executive Partner and Advisor team, Mr. Griess will help to identify, validate and execute on Siris investments and drive performance across the Siris portfolio.
Mr. Griess was most recently President and Chief Executive Officer of CSG Systems International, a global leader in revenue management and cloud payments solutions. He was with CSG for nearly 25 years, holding a variety of positions in Operations and Information Technology. Mr. Griess oversaw the development of CSG’s first comprehensive cybersecurity program, introduced the industry’s first public, cloud-based business support solution and led the company through its largest acquisition and contracts, valued at more than $2 billion. Mr. Griess’ proven track record of managing the growth of a customer engagement software provider will be an invaluable asset to Siris as he helps the firm capture value-creation opportunities in vertical services areas across different industry segments.
“Bret’s extensive experience in the technology space – combined with his commitment to turning ideas into impact – will be beneficial for Siris,” said Frank Baker, a Co-Founder and Managing Partner of Siris. “We expect Bret’s success in creating value-added, cloud-based business solutions will help our portfolio companies achieve their goals. We look forward to having Bret on board.”
Mr. Griess currently serves on the Board of Directors of Nebraska Methodist Health System, Midland University, and previously held board positions at the Student Loan Finance Corp and CSG Systems International.
Mr. Griess will join 15 experienced operating executives on the Siris Executive Partner and Advisor team. Executive Partners and Advisors are not employees of Siris, but provide invaluable sourcing and due diligence assistance to the Siris team and help direct strategic and operational improvements post-investment.
About Siris
Siris is a leading private equity firm that invests primarily in mature technology and telecommunications companies with mission-critical products and services, facing industry changes or other significant transitions. Siris’ development of proprietary research to identify opportunities and its extensive collaboration with its Executive Partners and Advisors are integral to its approach. Siris’ Executive Partners and Advisors are experienced senior operating executives that actively participate in key aspects of the transaction lifecycle to help identify opportunities and drive strategic and operational value. Siris has offices in New York, Silicon Valley and West Palm Beach, and has raised nearly $6 billion in cumulative capital commitments. www.siris.com.
SOURCE Siris Capital Group, LLC
Related Links
http://www.siris.com
Cybersecurity Executive John McCormack Joins Siris as Executive Partner
Cybersecurity Executive John McCormack Joins Siris as Executive Partner
New York, October 18, 2021 – Siris, a leading private equity firm focused on investing and driving value creation in technology and telecommunications companies, today announced that John McCormack has joined the firm as an Executive Partner. In his new role at Siris, Mr. McCormack will collaborate with the firm’s investment team and Executive Partners and Advisors to help evaluate potential investment opportunities for Siris as well as help oversee the operations of its portfolio companies.
Mr. McCormack brings more than 30 years of expertise leading and scaling enterprise businesses in the cybersecurity and internet infrastructure sectors, having served on the Boards of Directors for a number of leading enterprise software organizations, including Ping Identity, App River and Fidelis Cybersecurity. Throughout his career, he has led and realized value-creation activities, including Ping Identity’s initial public offering and AppRiver’s sale to Zix Corp. While serving as the Chief Executive Officer of Forcepoint, Mr. McCormack built the company from a $180 million web filtering business to a global cybersecurity brand that executed a $1 billion sale to a private equity fund and then a $1.9 billion sale to Raytheon. As a Siris Executive Partner, Mr. McCormack will draw upon his extensive management experience as a leader of innovative software companies to help create value across Siris’ investments.
Frank Baker, a Co-Founder and Managing Partner of Siris, commented, “John’s history of leading value-creation initiatives at technology companies across a variety of stages and sizes will be a meaningful addition to the Siris Executive Partner and Advisor team. We expect his deep technology and cybersecurity experience, coupled with his management expertise, to help drive the transformations and continued growth of our portfolio companies. We look forward to John’s many contributions across our investments.”
Mr. McCormack will join 14 experienced operating executives on the Siris Executive Partner and Advisor team. Executive Partners and Advisors are not employees of Siris, but provide invaluable sourcing and due diligence assistance to the Siris team and help direct strategic and operational improvements post-investment.
About Siris
Siris is a leading private equity firm that invests primarily in mature technology and telecommunications companies with mission-critical products and services, facing industry changes or other significant transitions. Siris’ development of proprietary research to identify opportunities and its extensive collaboration with its Executive Partners and Advisors are integral to its approach. Siris’ Executive Partners and Advisors are experienced senior operating executives that actively participate in key aspects of the transaction lifecycle to help identify opportunities and drive strategic and operational value. Siris has offices in New York, Silicon Valley and West Palm Beach, and has raised nearly $6 billion in cumulative capital commitments. www.siris.com.
Media Contacts
Dana Gorman / Blair Hennessy
Abernathy MacGregor
212-371-5999
dtg@abmac.com / bth@abmac.com
Constant Contact Closes Acquisition of SharpSpring
Constant Contact Closes Acquisition of SharpSpring
WALTHAM, Mass. and GAINESVILLE, Fla., Sept. 1, 2021 – Constant Contact, an established leader in online marketing, backed by Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”) and Siris Capital Group, LLC (together with its affiliates, “Siris”), announced today that it has completed its acquisition of SharpSpring (“SharpSpring”) (NASDAQ: SHSP).
The transaction, which was originally announced on June 22, 2021, was approved by SharpSpring’s stockholders on August 25, 2021. In connection with the closing of the transaction, SharpSpring will be delisted from NASDAQ.
“We are pleased to welcome the SharpSpring team to Constant Contact and expand our capabilities for current customers and offer a broader set of opportunities for new customers,” said Frank Vella, CEO, Constant Contact. “SharpSpring’s focus on lead management will be an essential element in building Constant Contact’s marketing automation platform to more holistically deliver results for small businesses.”
JMP Securities LLC acted as exclusive financial advisor and Godfrey & Kahn, S.C. acted as legal counsel to SharpSpring. Lazard acted as financial advisor to Constant Contact and Sidley Austin LLP acted as legal counsel to Constant Contact.
About Constant Contact
Constant Contact, an established leader in online marketing, simplifies the complex task of marketing your business, so you can achieve real results and sell more online. Whether it’s setting up an online store, leveraging social and search features to get new customers, or sending great-looking emails with the power to drive more sales, we combine the right tools and advice to help get the results you want. Plus, our award-winning team of marketing advisors is there for each customer, every step of the way. For more information, visit: www.constantcontact.com.
About SharpSpring
SharpSpring (NASDAQ: SHSP) is a rapidly growing, highly-rated, global and affordable revenue growth platform delivered via a cloud-based Software-as-a-Service (SaaS) solution. More than 10,000 businesses around the world rely on SharpSpring platforms to generate leads, improve conversions to sales, and drive higher returns on marketing investments. Known for its innovation, open architecture and free customer support, SharpSpring offers flexible contracts at a fraction of the price of competitors making it an easy choice for growing businesses and digital marketing agencies. Learn more at sharpspring.com.
About Clearlake
Founded in 2006, Clearlake Capital Group, L.P. is an investment firm operating integrated businesses across private equity, credit and other related strategies. With a sector-focused approach, the firm seeks to partner with experienced management teams by providing patient, long term capital to dynamic businesses that can benefit from Clearlake’s operational improvement approach, O.P.S.® The firm’s core target sectors are technology, industrials, and consumer. Clearlake currently has approximately $39 billion of assets under management, and its senior investment principals have led or co-led over 300 investments. The firm has offices in Santa Monica and Dallas. More information is available at www.clearlake.com and on Twitter @ClearlakeCap.
About Siris
Siris is a leading private equity firm that invests primarily in mature technology and telecommunications companies with mission-critical products and services, facing industry changes or other significant transitions. Siris’ development of proprietary research to identify opportunities and its extensive collaboration with its Executive Partners are integral to its approach. Siris’ Executive Partners are experienced senior operating executives that actively participate in key aspects of the transaction lifecycle to help identify opportunities and drive strategic and operational value. Siris has offices in New York, Palo Alto, and Palm Beach and has raised nearly $6 billion in cumulative capital commitments. For more information, visit www.siris.com.
Contacts
For Constant Contact:
Kristen Andrews
pr@constantcontact.com
For SharpSpring:
Gateway Investor Relations
SHSP@gatewayir.com
For Clearlake:
Jennifer Hurson
Lambert & Co.
845-507-0571
jhurson@lambert.com
For Siris:
Dana Gorman / Blair Hennessy
Abernathy MacGregor
212-371-5999
dtg@abmac.com / bth@abmac.com
Clearlake and Siris-Backed Newfold Digital Acquires Yoast to Help Customers Get Found Online
Clearlake and Siris-Backed Newfold Digital Acquires Yoast to Help Customers Get Found Online
JACKSONVILLE, Florida, August 12, 2021 – Newfold Digital, a leading web technology provider backed by Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”), and Siris Capital Group, LLC, has acquired Yoast, the leading search engine optimization (SEO) plugin provider for WordPress. The acquisition is a part of Newfold Digital’s long-term strategy to connect Newfold Digital customers with world-class web presence tools and services to empower online success in a digital world.
“SEO is a growing need in our customer base and essential to online success, especially as we see more businesses expand their online presence,” said Sharon Rowlands, President and CEO of Newfold Digital. “Yoast is a well-known and respected brand in the WordPress community. We are excited to welcome them to the Newfold family and to help improve SEO and drive visitors to our growing customer base.”
Yoast is a WordPress plugin powering more than 12 million websites. The plugin helps website owners generate more visitors from search engines such as Google and Bing, increase readers’ engagement, and attract more visitors from social media. Additionally, the brand offers a robust online academy with SEO training courses. With Yoast’s expertise, Newfold Digital will look to expand its SEO offerings to better serve the company’s nearly seven million customers.
“We’re excited to join Newfold Digital to continue our mission of SEO for everyone by leveraging the leading global portfolio of web presence brands,” said Marieke van de Rakt, CEO of Yoast. “We are confident that the strength and leadership Newfold Digital provides will help to ensure Yoast remains the most used SEO plugin for WordPress for many years to come and will fuel future innovation.”
Yoast will continue to deliver the same great service as it has for years while joining Newfold Digital’s portfolio of brands including Bluehost, Web.com, Domain.com, and Network Solutions. All Yoast employees, including its leadership team, will join Newfold Digital.
“We are delighted to welcome Yoast to the Newfold Digital family,” said James Pade, Partner, Clearlake, and Tyler Sipprelle, Managing Director at Siris. “We want Newfold Digital to be the partner of choice for online presence companies that want to work with an established leader in the space as they seek their next stage of growth.”
RBC Capital Markets served as financial advisor and Morrison & Foerster LLP acted as legal counsel to Yoast. Raymond James served as financial advisor and Sidley Austin LLP acted as legal counsel to Newfold Digital.
About Newfold Digital
Newfold Digital is a leading web technology company serving nearly seven million customers globally. Established in 2021 through the combination of leading web services providers Endurance Web Presence and Web.com Group, our portfolio of brands includes: Bluehost, CrazyDomains, HostGator, Network Solutions, Register.com, Web.com and many others. We help customers of all sizes build a digital presence that delivers results. With our extensive product offerings and personalized support, we take pride in collaborating with our customers to serve their online presence needs. Learn more about Newfold Digital at Newfold.com.
About Yoast
Yoast was founded in 2010 and is one of the fastest-growing companies in the WordPress industry. Yoast SEO, the well-known plugin for WordPress with over 12 million active installs, is the flagship product of Yoast. Based in The Netherlands, Yoast makes it easier for everyone to get great results from their websites. For more information visit yoast.com.
About Clearlake
Founded in 2006, Clearlake Capital Group, L.P. is an investment firm operating integrated businesses across private equity, credit and other related strategies. With a sector-focused approach, the firm seeks to partner with experienced management teams by providing patient, long term capital to dynamic businesses that can benefit from Clearlake’s operational improvement approach, O.P.S.® The firm’s core target sectors are technology, industrials, and consumer. Clearlake currently has approximately $39 billion of assets under management, and its senior investment principals have led or co-led over 300 investments. The firm has offices in Santa Monica and Dallas. More information is available at www.clearlake.com and on Twitter @ClearlakeCap.
About Siris
Siris is a leading private equity firm that invests primarily in mature technology and telecommunications companies with mission-critical products and services, facing industry changes or other significant transitions. Siris’ development of proprietary research to identify opportunities and its extensive collaboration with its Executive Partners are integral to its approach. Siris’ Executive Partners are experienced senior operating executives that actively participate in key aspects of the transaction lifecycle to help identify opportunities and drive strategic and operational value. Siris is based in New York and Silicon Valley and has raised nearly $6 billion in cumulative capital commitments. www.siris.com.
Media Contacts
For Newfold Digital:
Emily Watkins
corporatecomms@newfold.com
For Clearlake:
Jennifer Hurson
Lambert & Co.
845-507-0571
jhurson@lambert.com
For Siris:
Dana Gorman / Blair Hennessy
Abernathy MacGregor
212-371-5999
dtg@abmac.com / bth@abmac.com
Clearlake Capital and Siris-Backed Constant Contact Agrees to Acquire SharpSpring
Clearlake Capital and Siris-Backed Constant Contact Agrees to Acquire SharpSpring
Strategic acquisition to maximize growth and audience engagement for small businesses
WALTHAM, Mass. and GAINESVILLE, Fla., June 22, 2021 – Constant Contact, an established leader in online marketing, backed by Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”) and Siris Capital (together with its affiliates, “Siris”), today announced it has signed a definitive agreement to acquire SharpSpring, Inc. (“SharpSpring”) (NASDAQ: SHSP) in an all cash transaction valued at approximately $240 million including outstanding indebtedness.
Under the terms of the agreement, which has been unanimously approved by the members of SharpSpring’s Board of Directors, Constant Contact will acquire all the outstanding common stock of SharpSpring for $17.10 per share in cash. The purchase price represents a 21% premium over SharpSpring’s closing share price of $14.11 as of June 21, 2021. The transaction is expected to close in the third quarter of 2021 subject to customary closing conditions including a SharpSpring stockholder approval.
SharpSpring is a cloud-based revenue growth and marketing automation platform that improves the effectiveness of small business’s (SMBs) marketing strategy. Designed for SMBs, and often delivered by digital marketing agencies, SharpSpring generates leads, improves conversions to sales, and drives higher returns on marketing investments. The integration of SharpSpring will give Constant Contact’s SMB clients the ability to easily and successfully engage customers throughout their journey, helping clients deliver better marketing-driven results.
“Constant Contact and SharpSpring share a mission to help small businesses succeed, and this acquisition represents a powerful opportunity to combine our best-in-class email and ecommerce offerings with SharpSpring’s strong suite of revenue growth and marketing automation tools,” said Frank Vella, CEO, Constant Contact. “Today’s Constant Contact retains the customer-first culture that defined our heritage, and I am excited to expand upon that with a commitment to innovation that will accelerate our growth and build upon the passion and agility that has made our brand a leader in digital marketing for so many years.”
“SharpSpring delivers a highly innovative and feature-rich suite of marketing automation software tools. We welcome the company’s talented workforce to Constant Contact and look forward to a long partnership,” said James Pade, Partner, Clearlake, and Tyler Sipprelle, Managing Director, Siris. “This investment augments Constant Contact’s digital marketing software platform by significantly accelerating its product roadmap and enhancing the tools we offer modern-day marketers in their pursuit of key revenue generating activities.”
“Today is a great day for SharpSpring and our stockholders as this transaction brings immediate and certain value at an attractive premium,” said Rick Carlson, CEO, SharpSpring. “Today is also a great day for our team and our customers, as we partner with a scale platform that brings significant added resources as we strive to deliver even greater value to SMBs. Constant Contact is the authority on digital marketing for small businesses. I am thrilled with the opportunity to bring SharpSpring’s revenue growth platform to Constant Contact’s nearly 500,000 small business customers while also further investing in and building upon SharpSpring’s strong customer and digital marketing agency base.”
For more information regarding the terms and conditions contained in the definitive agreement, please see SharpSpring’s Current Report on Form 8-K, which will be filed in connection with this transaction.
JMP Securities LLC is acting as exclusive financial advisor and Godfrey & Kahn, S.C. is acting as legal counsel to SharpSpring, Inc. Lazard is acting as financial advisor to Constant Contact and Sidley Austin LLP is acting as legal counsel to Constant Contact.
About Constant Contact
Constant Contact, an established leader in online marketing, simplifies the complex task of marketing your business, so you can achieve real results and sell more online. Whether it’s setting up a website and online store, leveraging social and search features to get new customers, or sending great-looking emails with the power to drive more sales, we combine the right tools and advice to help get the results you want. Plus, our award-winning team of marketing advisors is there for each customer, every step of the way. For more information, visit: www.constantcontact.com.
About SharpSpring, Inc.
SharpSpring, Inc. (NASDAQ: SHSP) is a rapidly growing, highly-rated, global and affordable revenue growth platform delivered via a cloud-based Software-as-a-Service (SaaS) solution. More than 10,000 businesses around the world rely on SharpSpring platforms to generate leads, improve conversions to sales, and drive higher returns on marketing investments. Known for its innovation, open architecture and free customer support, SharpSpring offers flexible contracts at a fraction of the price of competitors making it an easy choice for growing businesses and digital marketing agencies. Learn more at sharpspring.com.
About Clearlake
Founded in 2006, Clearlake Capital Group, L.P. is an investment firm operating integrated businesses across private equity, credit and other related strategies. With a sector-focused approach, the firm seeks to partner with experienced management teams by providing patient, long term capital to dynamic businesses that can benefit from Clearlake’s operational improvement approach, O.P.S.® The firm’s core target sectors are technology, industrials, and consumer. Clearlake currently has approximately $39 billion of assets under management, and its senior investment principals have led or co-led over 300 investments. The firm has offices in Santa Monica and Dallas. More information is available at www.clearlake.com and on Twitter @ClearlakeCap.
About Siris
Siris is a leading private equity firm that invests primarily in mature technology and telecommunications companies with mission-critical products and services, facing industry changes or other significant transitions. Siris’ development of proprietary research to identify opportunities and its extensive collaboration with its Executive Partners are integral to its approach. Siris’ Executive Partners are experienced senior operating executives that actively participate in key aspects of the transaction lifecycle to help identify opportunities and drive strategic and operational value. Siris is based in New York and Silicon Valley and has raised nearly $6 billion in cumulative capital commitments. www.siris.com.
Forward Looking Statements
This press release contains “forward-looking statements” as defined in the U.S. Private Securities Litigation Reform Act of 1995. The reader is cautioned not to rely on these forward-looking statements, such as statements regarding the proposed transaction between Constant Contact and SharpSpring, the expected timetable for completing the transaction, future financial and operating results, benefits and synergies of the transaction, future opportunities for the combined company and any other statements about Constant Contact and SharpSpring managements’ future expectations, beliefs, goals, plans or prospects. These statements are based on current expectations of future events, and these include statements using the words such as “believes,” “plans,” “anticipates,” “expects,” “estimates” and similar expressions. If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results could vary materially from the SharpSpring’s expectations. Risks and uncertainties include, but are not limited to: the risk that the transaction may not be completed in a timely manner or at all, which may adversely affect SharpSpring’s business and the price of its common stock; the failure to satisfy the conditions to the consummation of the transaction, including the adoption of the merger agreement by the stockholders of SharpSpring, and the receipt of certain governmental and regulatory approvals; the effect of the announcement or pendency of the transaction on SharpSpring’s business relationships, operating results, and business generally; risks that the proposed transaction disrupts SharpSpring’s current plans and operations and potential difficulties in SharpSpring’s employee retention as a result of the transaction; risks related to diverting management’s attention from SharpSpring’s ongoing business operations; and the outcome of any legal proceedings that may be instituted against SharpSpring or the purchaser related to the merger agreement or the transaction. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties that SharpSpring’s business as described in the “Risk Factors” in SharpSpring’s Annual Report on Form 10-K for the year ended December 31, 2021 and in SharpSpring’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2021, and other reports SharpSpring files with the SEC. We assume no obligation to update any forward-looking statements contained in this document as a result of new information, future events or otherwise. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contemplated in the forward-looking statements. Copies of these filings are available online at www.sec.gov and https://investors.sharpspring.com/. SharpSpring assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.
Important Information for Investors
In connection with the proposed transaction, SharpSpring intends to file with the SEC a proxy statement (the “proxy statement”) and mail the proxy statement to its stockholders. The Proxy Statement will contain important information about Constant Contact, SharpSpring, the transaction and related matters. INVESTORS AND SECURITY HOLDERS OF SHARPSPRING ARE URGED TO READ CAREFULLY THE PROXY STATEMENT WHEN IT BECOMES AVAILABLE, AND OTHER RELEVANT DOCUMENTS, AND ANY RELATED AMENDMENTS OR SUPPLEMENTS, FILED WITH THE SEC BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT SHARPSPRING, THE PROPOSED TRANSACTION AND RELATED MATTERS. Investors and security holders may obtain free copies of the proxy statement and other documents (when available) that SharpSpring files with the SEC through the website maintained by the SEC at www.sec.gov. Copies of the documents filed with the SEC by SharpSpring will be available free of charge on SharpSpring’s investor relations website at https://investors.sharpspring.com/ or by contacting SharpSpring’s Investor Relations Department at SHSP@gatewayir.com.
No Offer or Solicitation
This communication is neither an offer to buy, nor a solicitation of an offer to sell, subscribe for or buy any securities or the solicitation of any vote or approval in any jurisdiction pursuant to or in connection with the proposed transaction or otherwise, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in contravention of applicable law.
Contacts
For Constant Contact:
Kristen Andrews
pr@constantcontact.com
For SharpSpring:
Gateway Investor Relations
SHSP@gatewayir.com
For Clearlake:
Jennifer Hurson
Lambert & Co.
845-507-0571
jhurson@lambert.com
For Siris:
Dana Gorman / Blair Hennessy
Abernathy MacGregor
212-371-5999
dtg@abmac.com / bth@abmac.com
SOURCE Constant Contact
Koch Equity Development Completes Acquisition of Transaction Network Services
Koch Equity Development Completes Acquisition of Transaction Network Services
WICHITA, Kan., June 1, 2021 — An affiliate of Koch Equity Development LLC, an investment and acquisition subsidiary of Koch Industries, Inc. (collectively, “Koch”), announced that it has completed its previously announced acquisition of Transaction Network Services, Inc. (“TNS”) from affiliates of Siris Capital Group, LLC and TNS’ other minority equity holders.
In connection with the closing of the transaction, TNS, a global infrastructure-as-a-service leader, has become a wholly owned subsidiary of Koch, and will continue to operate under the company’s current management team from its headquarters in Reston, VA.
“TNS appreciates the invaluable support the Siris team provided over the course of our eight-year partnership, and we look forward to continuing our close partnership with Koch as we enter our next stage of growth,” said Mike Keegan, CEO of TNS.
Rothschild & Co and Credit Suisse served as financial advisors to Koch, and Jones Day served as legal advisor to Koch. Evercore, Macquarie Capital and Barclays served as financial advisors to TNS, and Sidley Austin LLP served as legal advisor to TNS.
More information on Koch Equity Development’s acquisition of Transaction Network Services can be found here.
About TNS
TNS is one of the leading global providers of infrastructure-as-a-service solutions for mission-critical applications and a trusted partner to thousands of financial institutions, telecommunications providers and retailers around the world. Doing business since 1990, TNS provides services to customers in over 60 countries across the Americas, Europe and the Asia Pacific region. Across its global managed platform, TNS securely enables billions of daily telephone calls and electronic securities trade as well as over 34 billion annual payment transactions. TNS is also a leading provider of enhanced mobile caller ID and spam/robocall protection services through its subsidiary, Cequint (https://www.cequint.com/). To learn more, please visit www.tnsi.com.
About Koch Equity Development LLC (KED)
With offices in Wichita and London, KED is responsible for M&A activity across Koch Industries, Inc. and the management of a broad principal investment portfolio. Significant principal investments completed include Infor, Getty Images, MI Windows and Doors, Global Medical Response, Meredith/Time Inc., Solera Holdings Inc., and The ADT Corporation. Since 2012, KED has invested more than $30 billion of equity in principal investments and acquisitions.
About Koch Industries, Inc.
Based in Wichita, Kansas, Koch Industries, Inc. is one of the largest private companies in America, with estimated annual revenues as high as $115 billion, according to Forbes. It owns a diverse group of companies involved in refining, chemicals, and biofuels; forest and consumer products; fertilizers; polymers and fibers; process and pollution control systems; electronics, software and data analytics; minerals; glass; automotive components; ranching; commodity trading; and investments. Since 2003, Koch companies have invested nearly $133 billion in growth and improvements. For more news and information, visit www.KOCHind.com.
About Siris
Siris is a leading private equity firm that invests primarily in mature technology and telecommunications companies with mission-critical products and services, facing industry changes or other significant transitions. Siris’ development of proprietary research to identify opportunities and its extensive collaboration with its Executive Partners are integral to its approach. Siris’ Executive Partners are experienced senior operating executives that actively participate in key aspects of the transaction lifecycle to help identify opportunities and drive strategic and operational value. Siris is based in New York and Silicon Valley and has raised nearly $6 billion in cumulative capital commitments. www.siris.com.
SOURCE Koch Equity Development
Siris Announces a Recommended Cash Offer for Equiniti Group PLC
Siris Announces a Recommended Cash Offer for Equiniti Group PLC
THIS PRESS RELEASE SHOULD BE VIEWED IN CONJUNCTION WITH THE ANNOUNCEMENT THAT WAS MADE BY SIRIS PURSUANT TO RULE 2.7 OF THE UK’S CITY CODE ON TAKEOVERS AND MERGERS (THE “RULE 2.7 ANNOUNCEMENT”) EARLIER TODAY, SUBJECT TO THE IMPORTANT NOTICES SET OUT AT THE END OF THIS PRESS RELEASE.
New York – May 27, 2021 – Siris, a leading private equity firm focused on investing and driving value creation in technology and telecommunications companies, today announced that it has reached an agreement with the board of directors of Equiniti Group PLC (“EQ” or the “Company”) on the terms of a recommended cash offer for the entire issued and to be issued share capital of EQ (the “Acquisition”).
It is intended that the Acquisition will be implemented through Earth Private Holdings Ltd (“Bidco”), a newly-incorporated company, owned by funds managed or advised by Siris Capital Group, LLC, by way of a court sanctioned scheme of arrangement of EQ under Part 26 of the United Kingdom’s Companies Act 2006.
Under the terms of the Acquisition, EQ shareholders will be entitled to receive 180 pence in cash for each EQ share. The acquisition values the entire issued and to be issued ordinary share capital of EQ at approximately £673 million on a fully diluted basis.
EQ, a company listed on the Main Market of the London Stock Exchange, is a leading technology-led services and payments specialist with strong market positions in the UK and the U.S. With more than 5,000 employees, the Company supports 36 million people in 120 countries. EQ’s purpose is to care for every customer and simplify every transaction, delivered with less of an impact on the environment.
Bidco values EQ’s leading franchises in EQ Boardroom, EQ US, EQ Digital and EQ Paymaster. Each of these businesses provides both organic and inorganic opportunities that Bidco believes can be accelerated in a private setting by leveraging Siris’s domain expertise, operating resources and strategic capital. Bidco will work closely with the management of EQ following completion of the Acquisition to refine its private company strategy with a long-term perspective to help the Company achieve its full potential. This will include investment in EQ’s existing business to accelerate organic growth through initiatives such as cross-selling from the U.K. into the U.S. From an inorganic perspective, Bidco believes that with the support of Siris, it can execute meaningful near-term acquisitions in EQ’s core markets and adjacent sectors.
Commenting on the Acquisition, Frank Baker, Co-Founder, and Michael Hulslander, Managing Director of Siris, said:
“EQ is a leader, innovator and trusted partner across its mission critical end-markets. We look forward to building on this legacy and supporting the Company as it embarks on a new phase of innovation and industry leadership.”
John Swainson, Executive Partner of Siris, added:
“I have been impressed with EQ’s commitment to delivering best-in-class solutions to its demanding
financial services and enterprise customers. I know that Siris is excited to partner with management to
continue this successful track and help the Company achieve its strategic objectives.”
The Acquisition is conditional on the approval by EQ shareholders of the scheme of arrangement, as well as on customary regulatory approvals and other conditions. The transaction is expected to be completed in the fourth quarter of 2021.
This press release should be read in conjunction with the Rule 2.7 Announcement published under Rule 2.7 of the UK’s City Code on Takeovers and Mergers (the “UK Code”) available on the London Stock
Exchange RNS and website at https://siris.com/equintidocuments. The release, publication or distribution of some or all of these documents in or into certain jurisdictions other than the United
Kingdom may be restricted by law and may affect the availability of the Acquisition to persons who are not resident in the United Kingdom. Please review the Important Notices at the end of this press release
and the Rule 2.7 Announcement for further information.
Greenhill is serving as lead financial advisor and Goldman Sachs International is serving as joint financial advisor to Siris and Bidco.
Wachtell, Lipton, Rosen & Katz and Macfarlanes LLP are retained as (respectively) U.S. and UK legal advisers to Siris and Bidco.
Inquiries:
Abernathy MacGregor (media advisor to Bidco and Siris) +1 212 371 5999
Dana Gorman
Blair Hennessy
About Siris
Siris is a leading private equity firm that invests primarily in technology companies with mission-critical products and services. Siris’ development of proprietary research to identify opportunities and its
extensive collaboration with its Executive Partners are integral to its approach. Siris’ Executive Partners are experienced senior operating executives that actively participate in key aspects of the transaction
lifecycle to help identify opportunities and drive strategic and operational value. Siris has raised nearly $6 billion in cumulative capital commitments. For more information, visit www.siris.com.
About EQ (Equiniti Group plc)
EQ is an international technology-led services and payments specialist. With over 5,000 employees, it supports 36 million people in 120 countries. EQ’s purpose is to care for every customer and simplify every
transaction, delivered with less of an impact on the environment.
EQ serves clients and customers through four divisions:
- EQ Boardroom: Share registration, governance and investor relations advisory, and employee
benefits services - EQ Digital: Helping regulated businesses and Government to manage customers through
innovative digital solutions - EQ Paymaster: Pensions, annuities, flexible benefits and payroll for the UK’s largest public and
private sector organisations - EQ U.S.: Transfer agency, equity compensation services and digital solutions for U.S. firms; serving
the world’s leading brands since 1929
EQ is a public limited company registered in England and Wales. The EQ Shares are listed on the Premium Segment of the Official List and admitted to trading on the London Stock Exchange’s Main Market for listed securities.
IMPORTANT NOTICES
Terms defined in these notices have the meanings given to them in the Rule 2.7 Announcement published in connection with the Acquisition earlier today under Rule 2.7 of the UK Code, and should be read in
conjunction with the important notices set out in the Rule 2.7 Announcement.
This press release is for information purposes only, and is not intended to, and does not, constitute or form part of, any offer or inducement to sell or an invitation or the solicitation of an offer to purchase,
otherwise acquire, subscribe for, sell or otherwise dispose of any securities, or the solicitation of any vote or approval in any jurisdiction, pursuant to the Acquisition or otherwise, nor shall there be any sale,
issuance or transfer of securities of EQ in any jurisdiction in contravention of applicable law. As explained in the Rule 2.7 Announcement, the Acquisition will be made solely on the terms to be set out in the
Scheme Document (or, if the Acquisition is implemented by way of a Takeover Offer, the Offer Document), which will contain the full terms and conditions of the Acquisition including details of how to vote in
respect of the Acquisition. Any vote in respect of the Scheme or other decision or response in relation to the Acquisition should be made only on the basis of the information contained in the Scheme Document
(or, if the Acquisition is implemented by way of a Takeover Offer, the Offer Document). EQ Shareholders are advised to read carefully the Scheme Document and related Forms of Proxy (or, if applicable, the Offer Document) once these have been dispatched. This press release does not constitute a prospectus or prospectus exempted document.
The release, publication or distribution of the Rule 2.7 Announcement and this press release in or into certain jurisdictions other than the United Kingdom may be restricted by law and may affect the
availability of the Acquisition to persons who are not resident in the United Kingdom. Persons who are not resident in the United Kingdom, or who are subject to laws of any jurisdiction other than the United
Kingdom, should inform themselves about, and observe any applicable requirements. Any person (including, without limitation, nominees, trustees and custodians) who would, or otherwise intends to,
forward the Rule 2.7 Announcement, this press release, the Scheme Document or any accompanying document to any jurisdiction outside the United Kingdom should refrain from doing so and should seek
appropriate professional advice before taking any action.
Any failure to comply with the applicable legal or regulatory requirements may constitute a violation of the laws and/or regulations of any such jurisdiction. To the fullest extent permitted by applicable law, the
companies and persons involved in the Acquisition disclaim any responsibility and liability for the violation of such restrictions by any person.
Further details in relation to Overseas Shareholders will be contained in the Scheme Document.
Notice to US investors
In the event that the Acquisition is implemented by way of a Takeover Offer and extended into the US, Bidco will do so in satisfaction of the procedural and filing requirements of the US securities laws at that
time, to the extent applicable thereto. The Acquisition relates to the shares of an English company and it is proposed to be made by means of a scheme of arrangement provided for under English law. The
Scheme will relate to the shares of an English company that is a “foreign private issuer” as defined under Rule 3b-4 under the US Exchange Act. A transaction effected by means of a scheme of arrangement is not subject to the shareholder vote, proxy solicitation and tender offer rules under the US Exchange Act. Accordingly, the Scheme is subject to the disclosure requirements, rules and practices applicable in the
UK to schemes of arrangement, which differ from the disclosure requirements and practices of US shareholder vote, proxy solicitation and tender offer rules.
Financial statements, and all financial information included in the relevant documentation, will have been prepared in accordance with accounting standards applicable in the UK and may not be comparable to the financial statements of US companies or other companies whose financial statements are prepared in accordance with US generally accepted accounting principles. However, if Bidco were to elect to
implement the Acquisition by means of a Takeover Offer, such Takeover Offer shall be made in compliance with applicable UK and US securities laws and regulations, including the US tender offer rules. Such
Takeover Offer would be made in the US by Bidco and no one else. In addition to any such Takeover Offer, Bidco, certain affiliated companies and the nominees or brokers (acting as agents) may make certain
purchases of, or arrangements to purchase, shares in EQ outside such Takeover Offer during the period in which such Takeover Offer would remain open for acceptance. These purchases may occur either in
the open market at prevailing prices or in private transactions at negotiated prices. Any information about such purchases or arrangements to purchase shall be disclosed as required in the United Kingdom, shall be reported to a Regulatory Information Service and shall be available on the London Stock Exchange website at www.londonstockexchange.com. If such purchases or arrangements to purchase are made
they would be made outside the United States in compliance with applicable law, including the US Exchange Act.
The receipt of consideration by a US holder for the transfer of its EQ Shares pursuant to the Scheme may have tax consequences in the US and such consequences, if any, are not described herein. Each EQ
Shareholder is urged to consult their independent professional adviser immediately regarding the tax consequences of the Acquisition applicable to them, including under applicable United States state and
local, as well as overseas and other, tax laws.
EQ and Bidco are both incorporated under the laws of England and Wales. Some or all of the officers and directors of EQ are residents of countries other than the United States. In addition, some of the assets of Bidco and EQ are located outside the United States. As a result, it may be difficult for US holders of EQ Shares to enforce their rights and any claim arising out of the US federal laws or to enforce against them a judgment of a US court predicated upon the securities laws of the United Kingdom. US holders of EQ Shares may not be able to sue a non-US company or its officers or directors in a non-US court for violations of the US securities laws. Further, it may be difficult to compel a non-US company and its affiliates to subject themselves to a US court’s judgement.
Forward-looking statements
This press release (including information incorporated by reference in this press release) may contain certain “forward-looking statements” with respect to Bidco or EQ. These forward-looking statements can
be identified by the fact that they do not relate only to historical or current facts. Forward-looking statements often, but do not always, use words such as “anticipate”, “target”, “expect”, “estimate”,
“intend”, “plan”, “goal”, “believe”, “will”, “may”, “should”, “would”, “could” or other words or terms of similar meaning or the negative thereof. Forward-looking statements include statements relating to the
following: (i) future capital expenditures, expenses, revenues, earnings, synergies, economic performance, indebtedness, financial condition, dividend policy, losses and future prospects; (ii) business
and management strategies and the expansion and growth of Bidco’s, EQ’s, any member of the Bidco Group’s or any member of the EQ Group’s operations and potential synergies resulting from the
Acquisition; and (iii) the effects of global economic conditions and government regulation on Bidco’s, EQ’s, any member of the Bidco Group’s or any member of the EQ Group’s business. These forward-looking
statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or developments to differ materially from those expressed in or implied by such
forward-looking statements.
Such forward looking statements are not guarantees of future performance. By their nature, because they relate to events and depend on circumstances that will occur in the future, these forward-looking
statements involve known and unknown risks, uncertainties that could significantly affect expected results and are based on certain key assumptions and other factors which may cause actual results, performance or developments to differ materially from those expressed in or implied by such forward-looking statements.
These factors include, but are not limited to, the satisfaction of the conditions to the Acquisition, as well as additional factors, such as changes in political and economic conditions, changes in the level of capital
investment, retention of key employees, changes in customer habits, success of business and operating initiatives and restructuring objectives, impact of any acquisitions or similar transactions, changes in
customers’ strategies and stability, competitive product and pricing measures, changes in the regulatory environment, fluctuations of interest and/or exchange rates and the outcome of any litigation.
These forward-looking statements are based on numerous assumptions regarding present and future strategies and environments. You are cautioned not to place any reliance on such forward-looking
statements, which speak only as of the date hereof. All subsequent oral or written forward-looking statements attributable to Siris, Bidco or EQ or any person acting on their behalf are expressly qualified in
their entirety by the cautionary statement above. Should one or more of these risks or uncertainties materialise, or should underlying assumptions prove incorrect, actual results may vary materially from
those described in this press release.
None of Siris, Bidco, EQ, or any of their respective associates or directors, officers or advisers, provides any representation, assurance or guarantee that the occurrence of the events expressed or implied in any
forward-looking statements in this press release will actually occur.
Siris, Bidco and EQ assume no obligation to update publicly or revise forward-looking or other statements contained in this press release, whether as a result of new information, future events or otherwise, except to the extent legally required.
No profit forecasts, estimates or quantified benefits statements
No statement in this press release is intended as a profit forecast, profit estimate or quantified benefits statement for any period and no statement in this press release should be interpreted to mean that
earnings or earnings per ordinary share for EQ for the current or future financial years would necessarily match or exceed the historical published earnings or earnings per ordinary share for EQ.
Rounding
Certain figures included in this press release have been subjected to rounding adjustments. Accordingly, figures shown for the same category presented in different tables may vary slightly and figures shown as
totals in certain tables may not be an arithmetic aggregation of the figures that precede them.
Mavenir Announces $500 Million Private Placement with Koch Strategic Platforms
Mavenir Announces $500 Million Private Placement with Koch Strategic Platforms
Richardson, TX and Wichita, KS – April 21, 2021 – Koch Strategic Platforms (“KSP”), a subsidiary of Koch Investments Group, announced today it has signed an agreement for a strategic minority equity investment in Mavenir (the “Company”). Affiliates of Siris Capital Group, LLC (“Siris”), a leading technology focused private equity firm, will remain majority equity holders.
Mavenir is the only U.S. based provider of end-to-end, cloud-native software to meet the growing demand for 5G digital transformation by communication service providers (“CSPs”) and enterprises.
KSP, which focuses on growth equity through four thematic sectors—computing and connectivity, industrial automation, energy transformation, and health care—is a natural partner for Mavenir’s 5G transformational efforts. KSP aims to be a partner beyond capital investment by leveraging the resources and capabilities of Koch Industries to accelerate growth for companies in which it invests, as well as identifying new platforms for Koch.
“We have built a next-generation software platform that has driven, and will continue to drive, the digital transformation of mission-critical networks. Together with KSP and our service provider customers, we expect to bring innovation and 5G to revolutionize industries such as energy, industrial automation, and health care,” said Pardeep Kohli, President and Chief Executive Officer of Mavenir. “Not only do we have the only end-to-end, cloud-native, 5G software platform in the world, but we also have strong and extensive relationships with CSPs and proven deployments of our technology around the globe. With 5G here, Mavenir is well positioned to build the future of networks.”
“We are extremely proud of what Mavenir has achieved to date and excited about partnering with KSP to drive continued innovation,” said Hubert de Pesquidoux, Siris Executive Partner and Executive Chairman of Mavenir. “The combination of Mavenir’s 5G software platform and Koch Industries’ presence in relevant industry verticals will accelerate the Company’s participation in the massive digital transformation opportunity.”
David Park, President of KSP, said, “We’re taking material minority equity positions in innovative, disruptive companies with strong management teams that operate in industries with significant tailwinds. We want to partner with companies that can transform Koch Industries for the future. Mavenir checks all the boxes.”
Frank Baker, Co-Founder of Siris, said, “We have been anticipating the transformation of mobile networks, and that time has arrived. Mavenir is uniquely positioned to lead the 5G transformation given its investment in disruptive products, like OpenRAN, and extensive relationship with over 250 CSPs. We are excited about the partnership with KSP and the strategic growth opportunities that we will tackle together.”
Michael Hulslander, Managing Director at Siris, added, “By strengthening Mavenir’s balance sheet, this investment allows the Company to accelerate innovation in CSP and enterprise networks. We look forward to partnering with KSP to enhance Mavenir’s already exciting trajectory.”
Goldman Sachs & Co. LLC and Guggenheim Securities, LLC acted as financial advisors to Mavenir. Sidley Austin LLP provided legal counsel to Mavenir and Jones Day LLP provided legal counsel to KSP.
About Mavenir:
Mavenir is building the future of networks and pioneering advanced technology, focusing on the vision of a single, software-based automated network that runs on any cloud. As the industry’s only end-to-end, cloud-native network software provider, Mavenir is focused on transforming the way the world connects, accelerating software network transformation for 250+ Communications Service Providers in over 120 countries, which serve more than 50% of the world’s subscribers. For more information, visit www.mavenir.com
About Koch Strategic Platforms:
With offices in Atlanta and Wichita, KSP desires to be the preferred investment partner of growth focused, strategic companies who are innovating in “new economy” industries. Created in 2020, the KSP team pursues public and private investments with companies where long-term mutual benefit can be realized.
About Koch Industries, Inc.:
Based in Wichita, Kansas, Koch Industries, Inc. is one of the largest private companies in America, with estimated annual revenues as high as $115 billion, according to Forbes. It owns a diverse group of companies involved in refining, chemicals, and biofuels; forest and consumer products; fertilizers; polymers and fibers; process and pollution control systems; electronics, software and data analytics; minerals; glass; automotive components; ranching; commodity trading; and investments. Since 2003, Koch companies have invested nearly $133 billion in growth and improvements. For more news and information, visit www.KOCHind.com.
About Siris:
Siris is a leading private equity firm that invests primarily in technology companies with mission-critical products and services. Siris’ development of proprietary research to identify opportunities and its extensive collaboration with its Executive Partners are integral to its approach. Siris’ Executive Partners are experienced senior operating executives that actively participate in key aspects of the transaction lifecycle to help identify opportunities and drive strategic and operational value. Siris is based in New York and Silicon Valley and has raised nearly $6 billion in cumulative capital commitments. For more information, visit www.siris.com.
Contact:
For Koch
Christin Fernandez
Christin.Fernandez@kochps.com
202-853-4099
For Mavenir
Maryvonne Tubb Loren Guertin
Mavenir MatterNow
PR@mavenir.com mavenir@matternow.com
For Siris
Dana Gorman / Blair Hennessy
Abernathy MacGregor
212-371-5999
dtg@abmac.com/ bth@abmac.com
Koch Equity Development Affiliate Enters Agreement to Acquire Transaction Network Services, Positioned For Strategic Growth
Koch Equity Development Affiliate Enters Agreement to Acquire Transaction Network Services, Positioned For Strategic Growth
WICHITA, Kan., April 14, 2021 — An affiliate of Koch Equity Development LLC, the investment and acquisition subsidiary of Koch Industries, Inc. (collectively, “Koch”), announced that it has agreed to acquire Transaction Network Services, Inc. (“TNS”) from affiliates of Siris Capital Group, LLC and TNS’ other minority equity holders. TNS provides secure, mission critical connectivity and interoperability solutions via a global managed network enabling its customers to exchange data and information and transact worldwide. Koch made its initial investment in TNS in January 2016 and this multi-step acquisition follows a similar approach to Koch’s acquisition of Infor in 2020 and Guardian Glass in 2016.
TNS, a global infrastructure-as-a-service leader, will continue to operate under the company’s current management team from its headquarters in Reston, VA. TNS is one of the premier managed network connectivity platforms with a vision to expand its reach to new high growth markets including 5G, ultra-low latency secure trading, EV charging, smart parking, digital payments and other IoT verticals, while continuing to innovate alongside customers in core service offerings supporting payments, financial services and communications. TNS is also the leading provider of mobile call management solutions through its Cequint branded offering, which enables telecommunications carriers to protect consumers with robocall/spam detection, promote reliable personal communications through enhanced caller identity services, and develop branded solutions for trusted interactions between enterprises and consumers.
TNS will help augment Koch’s continued approach to technological transformation. Koch companies have made more than $30 billion in technology-related investments in the past several years, transforming a global portfolio of businesses spanning multiple industries. The investment underscores Koch’s belief in TNS’s commitment to its customers and the company’s network management expertise leveraging TNS’ capabilities globally. Under Koch’s ownership, TNS will have a stable ownership base, and deep access to capital, allowing accelerated focus on both organic and inorganic growth opportunities.
“Today marks the beginning of an exciting new chapter for TNS, our employees and our current and future customers. As a result of this acquisition, we will be able to accelerate our mission of enabling our customers to focus on growing their businesses without worrying about the ever-increasing complexities associated with securely transmitting mission-critical, time sensitive transactional data,” said Mike Keegan, CEO of TNS. “We have enjoyed a close partnership with Koch over the past five years, and this deal is a natural progression of those years of working together. As part of Koch, we will deliver more value to our customers faster with increased investment in new technologies and current and future services which is critical to our long-term growth strategy.”
“Our acquisition of TNS follows over five years of engagement with the company, not only as an investor, but as a customer as well,” said Brett Watson, President of Koch Equity Development. “We are excited to continue supporting the company in its next phase of growth and want to thank the outstanding team at Siris as we conclude our successful partnership.” Matt Hewitt, Director at Koch Equity Development added, “As the world continues to move to a more interoperable, connected future, we are excited about the innovative work TNS is doing to serve its customers around the globe. This is an exemplary team bringing truly differentiated solutions to the marketplace.”
“This transaction recognizes the TNS team’s effort and success executing against a strategic vision to generate profitable growth,” said Robert Aquilina, Chairman of TNS and Siris Executive Partner. “My colleagues at Siris and I are proud to have been part of the journey, and we are confident the company is poised for long-term growth as part of Koch.”
Terms of the deal were not disclosed. The closing is expected to take place in the second quarter of 2021. Rothschild & Co and Credit Suisse served as financial advisors to Koch, and Jones Day served as legal advisor to Koch. Evercore and Macquarie Capital served as financial advisors to TNS, and Sidley Austin LLP served as legal advisor to TNS.
About TNS
TNS is one of the leading global providers of infrastructure-as-a-service solutions for mission-critical applications and a trusted partner to thousands of financial institutions, telecommunications providers and retailers around the world. Doing business since 1990, TNS provides services to customers in over 60 countries across the Americas, Europe and the Asia Pacific region. Across its global managed platform, TNS securely enables billions of daily telephone calls and electronic securities trade as well as over 34 billion annual payment transactions. TNS is also a leading provider of enhanced mobile caller ID and spam/robocall protection services through its subsidiary, Cequint (https://www.cequint.com/). To learn more, please visit www.tnsi.com.
About Koch Equity Development LLC (KED)
With offices in Wichita and London, KED is responsible for M&A activity across Koch Industries, Inc. and the management of a broad principal investment portfolio. Significant principal investments completed include Infor, Getty Images, MI Windows and Doors, Global Medical Response, Meredith/Time Inc., Solera Holdings Inc., and The ADT Corporation. Since 2012, KED has invested more than $30 billion of equity in principal investments and acquisitions.
About Koch Industries, Inc.
Based in Wichita, Kansas, Koch Industries, Inc. is one of the largest private companies in America, with estimated annual revenues as high as $115 billion, according to Forbes. It owns a diverse group of companies involved in refining, chemicals, and biofuels; forest and consumer products; fertilizers; polymers and fibers; process and pollution control systems; electronics, software and data analytics; minerals; glass; automotive components; ranching; commodity trading; and investments. Since 2003, Koch companies have invested nearly $133 billion in growth and improvements. For more news and information, visit www.KOCHind.com.
About Siris
Siris is a leading private equity firm that invests primarily in mature technology and telecommunications companies with mission-critical products and services, facing industry changes or other significant transitions. Siris’ development of proprietary research to identify opportunities and its extensive collaboration with its Executive Partners are integral to its approach. Siris’ Executive Partners are experienced senior operating executives that actively participate in key aspects of the transaction lifecycle to help identify opportunities and drive strategic and operational value. Siris is based in New York and Silicon Valley and has raised nearly $6 billion in cumulative capital commitments. www.siris.com.
SOURCE Koch Equity Development
Clearlake and Siris Affiliates Re-Establish Digital Marketing Industry Pioneer Constant Contact as Standalone Company
Clearlake and Siris Affiliates Re-Establish Digital Marketing Industry Pioneer Constant Contact as Standalone Company
Constant Contact raises $400 million of equity to rapidly accelerate growth through investments in product development, sales talent, and customer support
Constant Contact remains focused on delivering exceptional experiences to businesses looking for smarter ways to interact with their customers
Santa Monica, CA, New York, NY, and Waltham, MA – February 10, 2021 – Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”) and Siris Capital Group, LLC (“Siris”) announced today a $400 million growth equity investment by their affiliates in cloud-based digital marketing leader Constant Contact, Inc. (“Constant Contact” or the “Company”). The Company will continue to focus on delivering best-in-class solutions to dynamic businesses where targeted, data-driven marketing has become
absolutely essential to their sustained success. As part of the investment, Constant Contact will spin-out from previous owner Endurance International Group Holdings, Inc. (“Endurance”) and move forward as a standalone business.
Headquartered in Waltham, Massachusetts, Constant Contact provides a cloud-based marketing platform that enables SMBs to create and track personalized marketing campaigns fueled by data-driven insights. A one-size fits all approach to marketing is ill-suited for today’s dynamic marketplaces particularly as businesses expand their digital footprints and transform the ways they interact with current and prospective customers. SMB marketers’ increasing reliance on highly personalized messaging delivered through digital channels has resulted in Constant Contact’s solutions being more relevant than ever. The Company’s software solutions facilitate the creation and distribution of professional-quality marketing emails to customers with easy-to-use drag and drop templates to improve customer engagement and help them drive better top-line performance in their own businesses. The comprehensive digital platform will continue to support and transform the ways that SMBs use data to boost their marketing efforts.
The Company boasts a long-standing, loyal customer base with over 470,000 subscribers that send approximately 7.5 billion emails per month as part of almost 2.5 million marketing campaigns. “Constant Contact is an important and trusted partner in my marketing strategy,” said Sonja Rasula, Founder & CEO of Unique Markets, a current Constant Contact customer. “I’m excited about their evolution and increased potential for growth, and what it will mean for the future of my business.”
“Constant Contact is one of the most well respected and recognized franchises in all of digital marketing and is poised to benefit from a number of significant growth drivers in the near-term,” said James Pade, Partner, of Clearlake. “We believe that this investment will provide the management team with significant resources to rapidly bolster the go-to-market organization and make large-scale investments in the product platform.”
“We are thrilled to partner with Constant Contact as the Company focuses on supporting modern-day marketers as they look to enhance key revenue generating activities,” said Tyler Sipprelle, Managing Director, of Siris. “We look forward to working with the Company’s passionate team to extend the Company’s leadership position through both organic and inorganic growth initiatives.”
About Constant Contact
Constant Contact is a leader in digital marketing with a mission to provide people with a smarter way to market an idea, small business or cause online. Our platform has all the right tools, all in one place—from a logo maker and intelligent website builder to establish your brand; to email, social and search marketing tools to help you find new customers and keep them coming back. Paired with award-winning marketing advisors who know marketing across industries inside and out—and provide practical advice at every step of the way—we offer the right approach to online marketing to achieve the results you want. For more information, visit: www.constantcontact.com.
About Clearlake
Clearlake Capital Group, L.P. is a leading investment firm founded in 2006 operating integrated businesses across private equity, credit and other related strategies. With a sector-focused approach, the firm seeks to partner with world-class management teams by providing patient, long-term capital to dynamic businesses that can benefit from Clearlake’s operational improvement approach, O.P.S.® The firm’s core target sectors are technology, industrials and consumer. Clearlake currently has approximately $30 billion of assets under management and its senior investment principals have led or co-led over 200 investments. The firm has offices in Santa Monica and Dallas. More information is available at www.clearlake.com and on Twitter @ClearlakeCap.
About Siris
Siris is a leading private equity firm that invests primarily in mature technology and telecommunications companies with mission-critical products and services, facing industry changes or other significant transitions. Siris’ development of proprietary research to identify opportunities and its extensive collaboration with its Executive Partners are integral to its approach. Siris’ Executive Partners are experienced senior operating executives that actively participate in key aspects of the transaction lifecycle to help identify opportunities and drive strategic and operational value. Siris is based in New York and Silicon Valley and has raised nearly $6 billion in cumulative capital commitments. www.siris.com.
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This press release contains forward-looking statements, including with respect to the anticipated benefits of the transactions. Forward-looking statements can be generally identified by the use of words such as “will,” “may,” “should,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “intends,” “continue” or similar terminology. These statements reflect the parties’ 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, or implied by, the forward-looking statements. These risks and uncertainties include the companies’ ability to recognize the anticipated benefits of the transaction and the risk that revenue opportunities, cost savings, synergies and other anticipated benefits from the transaction may not be fully realized or may take longer to realize than expected. These forward-looking statements speak only as of the date on which the statements were made. None of Siris, Clearlake, Endurance or Constant Contact undertakes any obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.
Media Contacts
For Constant Contact:
Kristen Andrews
Constant Contact
pr@constantcontact.com
For Clearlake:
Jennifer Hurson
Lambert & Co.
+1 845-507-0571
jhurson@lambert.com
For Siris:
Dana Gorman
Abernathy MacGregor
+1 212-371-5999
dtg@abmac.com
Blair Hennessy
Abernathy MacGregor
+1 212-371-5999
bth@abmac.com
Clearlake Completes Acquisition of Endurance International Group and Strategic Investment Transactions with Web.com and Affiliates of Siris; Announces Formation of Newfold Digital
Clearlake Completes Acquisition of Endurance International Group and Strategic Investment Transactions with Web.com and Affiliates of Siris; Announces Formation of Newfold Digital
• Endurance Web Presence combines with Web.com to create Newfold Digital, a global web presence market leader
• Constant Contact recapitalized for growth as leading independent provider of cloud-based digital marketing solutions for small businesses
BURLINGTON, MA, JACKSONVILLE, FL, SANTA MONICA, CA and NEW YORK, NY – February 10, 2021 – Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”) today announced the completion of its acquisition of Endurance International Group Holdings, Inc. (“Endurance”) in an all-cash transaction valued at approximately $3.0 billion including outstanding indebtedness.
The transaction, which was originally announced on November 2, 2020, was approved by Endurance’s stockholders on January 14, 2021. In connection with the closing of the transaction, Endurance will be delisted from NASDAQ.
COMBINATION OF ENDURANCE WEB PRESENCE WITH WEB.COM TO FORM NEWFOLD DIGITAL
In partnership with Siris Capital Group, LLC (“Siris”), Clearlake also announced the formation of Newfold Digital through the combination of Endurance Web Presence and Web.com Group, Inc. (“Web”). Newfold Digital will be led by Web CEO and President Sharon Rowlands and Web CFO Christina Clohecy.
Endurance Web Presence is a leading provider of web hosting and domain name registration solutions primarily through its Bluehost, HostGator and Domain.com brands. Web is a leading provider of domain name registration and website building solutions primarily through its Network Solutions, Register.com, Web.com and CrazyDomains brands. The combined business, Newfold Digital, will be a leading SMB-focused web presence solutions provider serving approximately 6.7 million customers globally.
“This combination creates an industry leader with tremendous scale and a strong portfolio of marquee brands and product offerings that furthers our commitment to helping SMBs establish themselves online,” said Sharon Rowlands, CEO of Newfold Digital. “We are excited to join forces with the Endurance Web Presence team and want to thank Clearlake and Siris for their continued support as we deliver the highest quality solutions for our customers in pursuit of profitable growth.”
“We are excited to be partnering with Sharon to create a leading web presence platform that will benefit from significant economies of scale to drive growth in an attractive market,” said Behdad Eghbali, Founder and Managing Partner, and James Pade, Partner of Clearlake. “We look forward to utilizing our O.P.S.® framework to unlock the inherent value of the combined businesses and position Newfold Digital for success through organic and M&A initiatives.”
“Sharon and the entire Web team have done an incredible job establishing the company as a market-leading web technology business,” said Frank Baker, Co-Founder of Siris. “This transaction recognizes Web’s strong execution and we expect it will unlock new opportunities for profitable growth,” added Tyler Sipprelle, Managing Director of Siris.
RECAPITALIZATION OF CONSTANT CONTACT
Affiliates of Clearlake and Siris also completed a strategic equity investment in Constant Contact, previously
owned by Endurance, which will now operate as an independent company. Constant Contact is a leading
provider of cloud-based digital marketing software for small businesses, and the new investment will
support Constant Contact’s accelerated growth in the dynamic digital marketing space.
ADVISORS
Rothschild & Co and Lazard acted as financial advisors to Clearlake.
Lazard and Evercore served as financial advisors to Siris on the sale of Web.com. Moelis & Company LLC
served as financial advisor to Siris on the investment in Constant Contact.
Sidley Austin LLP is serving as corporate/M&A counsel and Kirkland & Ellis LLP as financing counsel for
the transaction.
About Newfold Digital
Newfold Digital is a leading web technology company serving nearly seven million customers globally.
Established in 2021 through the combination of leading web services providers Endurance Web Presence
and Web.com Group, our portfolio of brands includes: Bluehost, CrazyDomains, HostGator, Network
Solutions, Register.com, Web.com and many others. We help customers of all sizes build a digital presence
that delivers results. With our extensive product offerings and personalized support, we take pride in
collaborating with our customers to serve their online presence needs. Learn more at www.newfolddigital.
com.
About Clearlake
Clearlake Capital Group, L.P. is a leading investment firm founded in 2006 operating integrated businesses
across private equity, credit and other related strategies. With a sector-focused approach, the firm seeks
to partner with world-class management teams by providing patient, long-term capital to dynamic
businesses that can benefit from Clearlake’s operational improvement approach, O.P.S.® The firm’s core
target sectors are technology, industrials and consumer. Clearlake currently has approximately $30 billion
of assets under management and its senior investment principals have led or co-led over 200 investments.
The firm has offices in Santa Monica and Dallas. More information is available at www.clearlake.com and
on Twitter @ClearlakeCap.
About Siris
Siris is a leading private equity firm that invests primarily in mature technology and telecommunications
companies with mission-critical products and services, facing industry changes or other significant
transitions. Siris’ development of proprietary research to identify opportunities and its extensive
collaboration with its Executive Partners are integral to its approach. Siris’ Executive Partners are
experienced senior operating executives that actively participate in key aspects of the transaction lifecycle
to help identify opportunities and drive strategic and operational value. Siris is based in New York and
Silicon Valley and has raised nearly $6 billion in cumulative capital commitments. www.siris.com.
###
This press release contains forward-looking statements, including with respect to the anticipated benefits
of the transactions. Forward-looking statements can be generally identified by the use of words such as
“will,” “may,” “should,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “intends,”
“continue” or similar terminology. These statements reflect the parties’ 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, or implied by, the forward-looking
statements. These risks and uncertainties include the companies’ ability to recognize the anticipated
benefits of the transaction and the risk that revenue opportunities, cost savings, synergies and other
anticipated benefits from the transaction may not be fully realized or may take longer to realize than
expected. These forward-looking statements speak only as of the date on which the statements were made.
None of Siris, Clearlake, Newfold Digital, Web or Constant Contact undertakes any obligation to update or
revise publicly any forward-looking statements, whether as a result of new information, future events or
otherwise.
Copyright 2021 Newfold Digital, Inc. All Rights Reserved. All Trademarks are property of their respective
owners.
Media Contacts
For Newfold Digital:
Ricca Silverio
Finn Partners
+1 415-348-2724
webdotcom@finnpartners.com
For Clearlake:
Jennifer Hurson
Lambert & Co.
+1 845-507-0571
jhurson@lambert.com
For Siris:
Dana Gorman
Abernathy MacGregor
+1 212-371-5999
dtg@abmac.com
Blair Hennessy
Abernathy MacGregor
+1 212-371-5999
bth@abmac.com
Clearlake to make Strategic Investment in Web.com
Clearlake to make Strategic Investment in Web.com
Web Presence Market Leader Poised for Accelerated Growth
Santa Monica, CA, New York, NY, and Jacksonville, FL – January 5, 2021 – Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”) announced today it has signed an agreement for a strategic investment in Web.com Group, Inc. (“Web.com” or the “Company”). Affiliates of Siris Capital Group, LLC (“Siris”), which acquired the Company in 2018, will remain significant equityholders in the platform together with Clearlake. Financial terms of the transaction were not disclosed.
Headquartered in Jacksonville, Florida, Web.com is a leading platform that enables businesses to establish, maintain, promote, and optimize their online presence. Web.com offers domain registration, hosting, website, and marketing services for businesses globally. For more than 20 years, the Company has provided more than three million customers with competitive online solutions to support their changing business needs and drive results.
“Web.com provides market-leading web presence services in an attractive market segment that is seeing strong growth driven by accelerating digital transformation of small-and-medium sized businesses,” said James Pade, Partner, of Clearlake. “We look forward to partnering with Siris and leveraging Clearlake’s O.P.S.® playbook to accelerate growth.”
“This investment recognizes the strong execution of the Web.com team in providing best-in-class web presence solutions and delivering profitable growth,” said Tyler Sipprelle, Managing Director, of Siris. “Web.com has bright prospects as a global, multi-brand web technology company, and we welcome Clearlake’s support of the business’s future growth.”
About Web.com
Web.com Group is a leading web technology company serving millions of customers around the world. Through our portfolio of brands – Network Solutions, Register.com, Web.com, CrazyDomains – we help customers of all sizes build an online presence that delivers results. Web has the breadth of capabilities and depth of knowledge to be your go-to partner in today’s always-on digital world. With our extensive product offerings and personalized support, we take pride in partnering with our customers to serve their online presence needs. Learn more at www.web.com.
About Clearlake
Clearlake Capital Group, L.P. is a leading investment firm founded in 2006 operating integrated businesses across private equity, credit and other related strategies. With a sector-focused approach, the firm seeks to partner with world-class management teams by providing patient, long-term capital to dynamic businesses that can benefit from Clearlake’s operational improvement approach, O.P.S.® The firm’s core target sectors are technology, industrials and consumer. Clearlake currently has approximately $25 billion of assets under management and its senior investment principals have led or co-led over 200 investments. The firm has offices in Santa Monica and Dallas. More information is available at www.clearlake.com and on Twitter @ClearlakeCap.
About Siris
Siris is a leading private equity firm that invests primarily in mature technology and telecommunications companies with mission-critical products and services, facing industry changes or other significant transitions. Siris’ development of proprietary research to identify opportunities and its extensive collaboration with its Executive Partners are integral to its approach. Siris’ Executive Partners are experienced senior operating executives that actively participate in key aspects of the transaction lifecycle to help identify opportunities and drive strategic and operational value. Siris is based in New York and Silicon Valley and has raised nearly $6 billion in cumulative capital commitments. www.siris.com.
Media Contacts
For Web.com:
Alex Sheehan
Finn Partners
+1 415-348-2734
webdotcom@finnpartners.com
For Clearlake:
Jennifer Hurson
Lambert & Co.
+1 845-507-0571
jhurson@lambert.com
For Siris:
Dana Gorman
Abernathy MacGregor
+1 212-371-5999
dtg@abmac.com
Blair Hennessy
Abernathy MacGregor
+1 212-371-5999
bth@abmac.com