Beleaguered Everbridge To Be Acquired, Go Private

Published Feb 05, 2024 14:49 PM

Everbridge's stock has plunged more than 80% over the last few years and now it has signed a deal to go private.

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We view this as a positive step for Everbridge, though from a beleaguered base. For our historical coverage, see:

In this report, we examine the terms of the deal, Everbridge's current financial position, who the private equity firm is, and how they can help Everbridge.

Rise *** ****

********** **** ******** **** ** $**, *** ** its ****, ** *** ** ~*,***% (i.e., ***) ****** ******** **** **** plunging **** **** **%:

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*** ******* ****** ****, ***** *****, is ****** $**.**, **** **** ***% higher **** *** *** ***** (*** a **** ** ~**% **** *** 7.5 ***** ******).

*********

********** ** ***** ****** ** $*.* billion ** **** ****, **** **** $7 ******* ** *** ****.

*****

***** ******* * ***** ******* ****** **** specializing ** ******** *********.********* **** **** ************ *** ***** **** ***** ** known ** *** ******* ******* ********* Networks (********** ******* ** ***** ***'* CEO), *.*. ***** (*** *** ****** company), ****** (******** ********), *** ********** (the ******************** *** *** ** ********).

Going *******

* *** ******* ** **** **** is **** ***** ***** ** ****** Everbridge *******. **** ***** **** ********** will *** **** ** ******** ********** nor **** ******** **** ****** *********, an ********* ******* ***** *** ********** it *** ***** ** *** **** few *****.

Growth ************ / ****

**********'* ******* **** ******* ** *** late *****, ****** ** ******** ************, though **** *** ******* ***********, ******* **** ****** ******** **** *****:

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******* *** **** ** *% ****** **** ******** ******** ******* (** 2023), **** ******* ****** *** *** year ********* ** *%.

*** ******* ***** *** ****** **** operating ****** (********* ** ~*% **** year), ****** **** ** *** ****** than ** *** **** ***** **** its *** **** ********** *** **%+:

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Shopping / *** *********** ** ***** *****

*** **** ***** **** * **-*** "go-shop" ****** ** ***** ********** *** look *** ******* *****. ** ******* buyer ** *****, ********** ** ********* to *** * $**.* ******* *********** fee,*** *** *********.

*** *********** ** ******* ***** ** low, ** ********** ****** *** **** gauging ******** *** ******** ****** *** some ****.

*******, ** ** ******** **** * rival ** **** ** * ********* acquirer **** **** **** ****** ****** and ******* **** **** ***** *** materially ****** **** $*.* *******.

Upside / *******

***** ***** ** ****** **** **** 3x ****** *******, ***** ** ******** reasonable *** * ******* **** *** a ****** ** ********** ********* **** have *** ***** *** ***** ********* prospects.

**** ** ******* ***** ** * modest **% ********, ** * *****, this ***** ** * $***+ ******* business, **** *** ********* ** ******** $100+ ******* ** ****** **** ****. Thoma ***** *** **** ** ********* much ****** *******, *** **** ***** these ********** ************ *********, *** **** is ********.

Execution / *** ********

***** ********** ** * ********** ** disparate ************,***** ******** ************** **** **** ** ** "*** Platform":

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*** * "****** **** ** *****":

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******* **** **** ** **** ************ and **** ****** ** ** *******, they **** *** ******* ******** ******** them. ************* ****** ******* ********.

Benefits ** ***** *******

****** *** ******* ******* ** *** having ** ***** ***** * ******* stock *****, ** / **** ***** Bravo ****** *** ****, ********** **** have * ****** ** ***** ** improve *** ******** ******* ****** ****** pressures. ***** **** **** ******* ************** takes **** *** **** ********* *****-**** financial *******, ***** ******* *** **** Everbridge.

*******

** *** **** *** *****, ***** have **** ******** *******, **** ******** indicating ********* **** **** **% *** numerous ********* ******* *********** ****:

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*******

** **** **** **** ** ******** to **********, *** *** ******** ******* on *** **** ***** ***** *** facilitate ****** *** ************ **** ********** needs **** *** **** *** *****.

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