Headwaters MB, now Capstone Partners, advised ID Watchdog, Inc. (traded under the symbol IDW on Canada’s TSX Venture Exchange), a leading provider of consumer-facing identity theft protection and resolution services, on its sale to Equifax Inc. (NYSE: EFX) for approximately $63 million.
Based in Denver, Colorado, ID Watchdog leverages proprietary technology that searches billions of data points to detect changes in the personal identity profiles of each subscriber and provides immediate resolution services. In addition to providing identity theft protection and resolution services to the employee benefits market, IDW offers breach resolution, white label, wholesale and embedded programs.
The team’s extensive network and intimate knowledge of potential buyers were invaluable in allowing the transaction team to quickly identify and engage a short list of highly qualified buyers. They did a terrific job in driving value and striving for an optimal outcome for our shareholders and the company. At every step in the process, the team was professional, insightful and their access to an abundance of resources was invaluable in helping us to execute the transaction successfully
The Acquisition closed August 10, 2017 (the “Effective Date”) and the Company’s Ordinary Shares will be delisted from the TSX Venture Exchange as soon as practicable following the Effective Date. Trading in the Company’s shares will be halted after the closing of trading on the Effective Date.