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.
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