We were engaged in protracted negotiations with the management team and their financial backers when Westchester were invited to assist us during this, the most difficult, period in the negotiations. Westchester were able to deftly steer the process "back on track", leading to a successful sale in February 2003. more...

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Chelford Group plc acquires SAP VAR and consultancy business from Notability Solutions plc -- Westchester advises Notability through a successful transaction

LONDON — December 17, 2002 — Westchester Associates Limited (www.westchester.co.uk) today announced that it has successfully introduced the buyer to its client, Notability Solutions plc (www.notability.com), in the sale of Notability's SAP Value Added Reseller (VAR) and related consultancy business to Chelford Group plc (www.chelfordgroup.com).

Steve Morris, Notability CEO remarked, "Westchester provided an excellent service to us, from the beginning of the sale process. Westchester's services truly exceeded expectations, including my experiences with even the largest M&A advisory groups." Mr. Morris went on to add, "We are pleased to complete this transaction which enables us to focus more fully on the remaining business. We shall be using Westchester to advise us for future transactions."

About Notability

Notability Solutions Plc (www.notability.com) was founded in 1994, headquartered in Frimley, England with offices throughout the UK and employing over 150 people. Notability has a reputation for providing a range of quality end-to-end solutions to its extensive customer base around the world. Its strength as an IT Hardware and Services Solutions Provider is attributed to the company having recognised how to combine the strengths of its core activities of delivering business solutions for major platforms, including IBM's i-Series, UNIX and Windows NT, with that of broader IT infrastructure requirements and both packaged and e-Business software.

About Westchester Associates

Westchester Associates are specialists in technology mergers and acquisitions (M&A) services. We represent and advise Sellers and Buyers in M&A projects in the UK, Europe and the USA, with specific focus in software and service businesses.


    

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