Investment Summary

Great Hill Partners and Ardian Invest In Evolve IP

On August 18, 2015, private equity firms Great Hill Partners and Ardian invested in internet software and services company Evolve IP

Investment Highlights
  • This is Great Hill Partners’ 16th and Ardian’s 11th transaction in the Internet Software and Services sector.
  • This is Great Hill Partners’ 48th and Ardian’s 31st transaction in the United States.
  • This is Great Hill Partners’ 4th and Ardian’s 3rd transaction in Pennsylvania.

Investment Summary
Date 2015-08-18
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
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

Category Private Equity Firm
Founded 1998
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 1998 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 57 of 97
Sector (Internet Software and Services) 16 of 31
Type (Growth Capital) 19 of 33
State (Pennsylvania) 4 of 6
Country (United States) 48 of 81
Year (2015) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-29 Reward Gateway

London, United Kingdom

Reward Gateway offers a leading SaaS employee engagement platform that centralizes employee reward and recognition, discounts, communications, surveys, wellbeing, and flexible benefits. Its strategic products support companies with today’s most difficult people challenges, such as the digitization of the workplace, attracting and retaining talent, aligning and supporting remote workforces, and handling complex cultural issues. Reward Gateway was formed in 2006 and is based in London.

Buy £140M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-24 PlanSource

Orlando, Florida, United States

PlanSource is a technology company that automates and simplifies every aspect of employee benefit programs, so employees and HR teams can make smarter, more confident benefits decisions. More than 5 million consumers receive their benefits through the PlanSource platform, which provides the best experience possible for benefits communications, shopping, enrollment, billing, compliance and ongoing administration. PlanSource was founded in 2008 and is based in Orlando, Florida.

Buy -
Investor

Ardian

Paris, France

Investor Investor Investor Investor Investor

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 247 of 418
Sector (Internet Software and Services) 11 of 22
Type (Growth Capital) 35 of 64
State (Pennsylvania) 3 of 5
Country (United States) 31 of 59
Year (2015) 21 of 26
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-01 Sante Cie

Villeurbanne, France

Sante Cie is a public health services company specializing in community healthcare. Sante Cie is based in Villeurbanne, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-10 IQ-EQ

Luxembourg, Luxembourg

IQ-EQ is an investor services group providing a comprehensive range of compliance, administration, asset, and advisory services to investment funds, global companies, family offices, and private clients globally. IQ-EQ was formed in 1896 and is based in Luxembourg.

Buy -
Mergr

Product

Company

Legal