Evolve IP and Great Hill Partners

Madison Capital Funding closed a $211,000,000 senior debt facility to finance a recapitalization of Evolve IP by Great Hill Partners.  Madison Capital Funding was the Co-Lead Arranger and Administrative Agent. Further terms were not disclosed.

Evolve IP provides organizations with a unified option for cloud services, including unified communications, contact center, managed network, and cloud computing technologies.

Founded in 2001, Madison Capital Funding is a market leader in supporting middle market private equity sponsors with cash-flow based corporate finance products. Since inception, Madison Capital Funding has invested $35.5 billion in 1,218 middle market transactions with 309 private equity sponsors.

The loan discussed does not represent an account’s entire portfolio and in the aggregate, may represent only a small percentage of an account’s portfolio holdings. A complete list of all holdings is available upon request; please contact media@mcfllc.com. It should not be assumed that recommendations made in the future will be profitable or will equal the performance of the loans mentioned herein.

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