Investment Summary

Great Hill Partners and Ardian Invest In Evolve IP

On May 12, 2016, private equity firms Great Hill Partners and Ardian invested in internet software and services company Evolve IP

Investment Highlights
  • This is Great Hill Partners’ 17th and Ardian’s 14th transaction in the Internet Software and Services sector.
  • This is Great Hill Partners’ 51st and Ardian’s 33rd transaction in the United States.
  • This is Great Hill Partners’ 4th and Ardian’s 3rd transaction in Pennsylvania.

Investment Summary
Date 2016-05-12
Target Evolve IP
Sector Internet Software and Services
Investor(s) Great Hill Partners
Ardian
Deal Type Growth Capital
Advisor(s) PJT Partners, Inc. (Financial)
Cozen O'Connor
Wachtell, Lipton, Rosen & Katz (Legal)

Target

Evolve IP

King of Prussia, Pennsylvania, United States
website
Evolve IP provides organizations with a unified option for cloud services, including unified communications, contact center, managed network, and cloud computing technologies. Evolve IP was founded in 2007 and is based in King of Prussia, Pennsylvania.

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Investor(S) 2

Investor

Great Hill Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1993
PE ASSETS 12.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Great Hill Partners is a private equity firm focused on growth equity and recapitalization investments in well established public and private companies valued put to $1 billion. Great Hill targets companies within consumer services, business services, financial technology, healthcare, internet, logistics, media, communications, technology services, software and transaction processing. The Firm invests in the range of $25 to $500 million per transaction. Great Hill prefers companies located in the US, but will also consider opportunities in Europe and Latin America. Great Hill Partners was formed in 1993 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 60 of 91
Sector (Internet Software and Services) 17 of 30
Type (Growth Capital) 21 of 30
State (Pennsylvania) 4 of 6
Country (United States) 51 of 75
Year (2016) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-11 RxBenefits

Birmingham, Alabama, United States

RxBenefits is a technology-enabled pharmacy benefits optimizer (PBO) with more than 500 pharmacy pricing, data, and clinical experts working together to deliver prescription benefit savings to employee benefit consultants and their self-insured clients. RxBenefits was founded in 1995 and is based in Birmingham, Alabama.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-26 DealerRater.com

Waltham, Massachusetts, United States

DealerRater.com LLC is a consumer review website focused on the auto dealer vertical. DealerRater's platform allows consumers to search for car dealerships, read and write reviews, and find deals on new and used cars.

Sell -
Investor

Ardian

Paris, France

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1996
PE ASSETS 125.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ardian is a mega-sized diversified investment group focused on opportunities worldwide. Ardian invests across and manages funds focused on small and mid-sized buyouts, growth capital financings, mezzanine, infrastructure, real estate, and co-investment opportunities. Ardian's small-buyouts group targets controlling interests in French, German, and Italian businesses valued up to €100 million. It's mid-sized buyout group seeks businesses valued up €1.5 billion and does not have any geographic limitations. The Infrastructure team looks for European opportunities and can commit up to €150 million per transaction. The Mezzanine group supports junior capital commitments of €5 to €80 million. In addition to direct investing, Ardian also manages various private equity fund-of-funds. Ardian was founded in 1996 and is based in Paris.

DEAL STATS #
Overall 266 of 417
Sector (Internet Software and Services) 14 of 23
Type (Growth Capital) 39 of 64
State (Pennsylvania) 3 of 5
Country (United States) 33 of 58
Year (2016) 15 of 33
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-05 MultiPlan

New York, New York, United States

MultiPlan is a provider of technology-enabled healthcare cost management solutions. The company provides a single gateway to a host of analytics- and network-based solutions for managing the financial risks associated with medical claims, as well as solutions that improve payment integrity by resolving waste, abuse and fraud before payments are made. MultiPlan was founded in 1980 and is based in New York city.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-01 Jeld-Wen

Charlotte, North Carolina, United States

Jeld-Wen is a designer, producer and distributor of interior and exterior doors, wood, vinyl and aluminum windows and related products for use in the new construction and repair and remodeling of residential homes and non-residential buildings. Jeld-Wen was founded in 1960 and is based in Charlotte, North Carolina.

Sell -
Mergr

Product

Company

Legal