Silver Lake’s Investment in EverCommerce

Goldman Sachs & Co. LLC acted as financial advisor and Weil, Gotshal & Manges LLP and Greenberg Traurig LLP acted as legal counsel to EverCommerce. Ropes & Gray LLP served as legal counsel to Silver Lake.

Silver Lake is the leading global investment firm dedicated to building and growing great technology and tech-enabled companies.

EverCommerce is the leading service commerce platform, connecting best-of-breed marketing, business management, and customer retention technology solutions for more than 200,000 service sector organizations across the globe.

Under the agreement, Silver Lake will acquire a significant ownership stake in the Company.

The firm will partner with existing majority shareholder Providence Strategic Growth (PSG), the growth equity affiliate of Providence Equity Partners.

EverCommerce provides more than 200,000 services businesses – across industries including home & field services, health services, and fitness & wellness services – with a breadth of technology solutions for business management, payment processing, marketing, and customer retention. EverCommerce provides access to these software-as-a-service (SaaS) platforms under one umbrella, which helps service business owners fuel business growth and improve day-to-day workflow.

The investment from Silver Lake and continued backing from PSG will support the Company’s acquisition of additional best-in-class technology solutions in target industries and further development of EverCommerce’s shared services and center of excellence departments.

The Ropes & Gray team was led by private equity transactions partner Eric Issadore (Picture), and included private equity transactions partner Al Rose, strategic transactions partners Ed Kelly, Ed Black and Matt Jacobson, tax partner Pam Glazier, finance partner Byung Choi, benefits partner Josh Lichtenstein, health care partners Tim McCrystal and Adrianne Ortega, and litigation & enforcement partners Ruchit Patel and Ryan Rohlfsen.

Involved fees earner: Edward Black – Ropes & Gray; Byung Choi – Ropes & Gray; Pamela Glazier – Ropes & Gray; Eric Issadore – Ropes & Gray; Matthew Jacobson – Ropes & Gray; Edward Kelly – Ropes & Gray; Joshua Lichtenstein – Ropes & Gray; Timothy McCrystal – Ropes & Gray; Adrianne Ortega – Ropes & Gray; Ruchit Patel – Ropes & Gray; Ryan Rohlfsen – Ropes & Gray; Alfred Rose – Ropes & Gray;

Law Firms: Ropes & Gray;

Clients: Silver Lake;

Author: Ambrogio Visconti