Evolute Capital and Hunt Technology Ventures’ Acquisition of eGroup

Shearman & Sterling advised Evolute Capital in the transaction.

Evolute Capital, a Dallas-based middle market private equity firm focused on building a best-in-class IT services platform, in its substantial cash investment to acquire a majority of the equity of eGroup Holding Company, a globally recognized cloud services provider. The investment was made in partnership with Hunt Technology Ventures, the technology investment management arm of a large, Dallas-based independent family, focused on transforming the technology services sector through targeted investments.

The investment provides eGroup with substantial resources to accelerate its strong industry position in the cloud and managed services sector, which includes the acquisition of other digitally transformative solution and services providers throughout the nation, while organically building upon its strong expertise and positioning within the Microsoft ecosystem.

Evolute Capital is a middle-market private equity investment firm focused on partnering with preeminent management teams with a strong desire to accelerate growth through the next several levels. Evolute Capital has a focus on building a leading IT service platform to address the growing digital transformation and IT modernization needs of an evolving customer base.

The Shearman & Sterling team included Alain Dermarkar (Picture), Daniel L. Tristan, Kyle Park, Domenic Frappolli, Ryan Johnson, Andrew Tsang, Todd Lowther, Jordan Altman, Daniel Kachmar, Emily Kelly and Matthew Brown.

Involved fees earner: Jordan Altman – Shearman & Sterling; Matthew Brown – Shearman & Sterling; Alain Dermarkar – Shearman & Sterling; Domenic Frappolli – Shearman & Sterling; Ryan Johnson – Shearman & Sterling; Daniel Kachmar – Shearman & Sterling; Emily Kelly – Shearman & Sterling; Todd Lowther – Shearman & Sterling; Kyle Park – Shearman & Sterling; Daniel Tristan – Shearman & Sterling; Andrew Tsang – Shearman & Sterling;

Law Firms: Shearman & Sterling;

Clients: Evolute Capital;