Madison Dearborn Partners

Intermedia Cloud Communications Completes $345 Million Refinancing of Balance Sheet

Retrieved on: 
Friday, April 5, 2024
Cloud, Education, Media, TD Securities, Madison Dearborn Partners, Government, Investment, MDP, Intermedia, Health, Bank

SUNNYVALE, Calif., April 5, 2024 /PRNewswire/ -- Intermedia Cloud Communications, a leading global provider of intelligent cloud communications and collaboration applications to businesses and the partners that serve them, today announced that it has completed a $345 million refinancing of its balance sheet by entering into a new revolving credit facility and term loan with certain of its existing lenders. The new term loan, which along with the new revolving credit facility provides Intermedia with increased flexibility to invest in its business, has a maturity date due in April 2029. The refinancing was made possible as a result of Intermedia's strong financial performance, including high growth in its revenue and profitability.

Key Points: 
  • The refinancing was made possible as a result of Intermedia's strong financial performance, including high growth in its revenue and profitability.
  • "Our new financing facilities increase our financial flexibility as we continue to invest in our cloud communications and collaboration offerings and partner relationships.
  • As businesses increasingly transition from outdated on-premises communications systems to agile cloud solutions, Intermedia's position in the market continues to strengthen.
  • For more information about Intermedia Cloud Communications, visit www.intermedia.com .

Zilliant Drives Another Year of Strong Bookings Growth in FY 2023

Retrieved on: 
Thursday, March 28, 2024
Professional Services, Payments, Data Management, Technology, Software, Finance, Electronic Commerce, Cloud, Growth, DocuSign, Partnership, Salesforce, Siebel Systems, Strategic planning, SAP, Acquisition, Senior, Investment, Engineering, Marketing, Madison Dearborn Partners, CPQ, Mindshare (firm), HPE, Management

Zilliant , the leader in pricing lifecycle management, today announced it recently concluded a year of rapid growth, delivering two consecutive quarters of 60%+ growth in year-over-year bookings.

Key Points: 
  • Zilliant , the leader in pricing lifecycle management, today announced it recently concluded a year of rapid growth, delivering two consecutive quarters of 60%+ growth in year-over-year bookings.
  • The company is positioned for continued record growth in 2024 after hiring several proven industry leaders to round out the executive team and making key technology investments in 2023.
  • Zilliant also received an additional growth investment from its financial sponsor, Madison Dearborn Partners, to accelerate their vision.
  • “At Zilliant we’re honored to be trusted by some of the largest brands in the world as they transform their pricing lifecycle.”
    In December 2023, Zilliant announced the acquisition of In Mind Cloud.

Ascent Global Logistics Announces Key Additions to Its Executive Leadership Team

Retrieved on: 
Tuesday, April 2, 2024
CIO, Madison Dearborn Partners, Partner, Growth, LTL, United, General counsel, Sale, Business development, Acquisition, Head, Mercury, H.I.G. Capital, Lineage Logistics, Investment, Werner Enterprises, UPS, USA Jet Airlines, Corporate development, Republic Services, Barclays, Management

BELLEVILLE, Mich., April 2, 2024 /PRNewswire/ -- Ascent Global Logistics ("Ascent"), a leading provider of technology-enabled, expedited logistics and supply chain solution services, is pleased to announce a newly appointed executive leadership team.

Key Points: 
  • BELLEVILLE, Mich., April 2, 2024 /PRNewswire/ -- Ascent Global Logistics ("Ascent"), a leading provider of technology-enabled, expedited logistics and supply chain solution services, is pleased to announce a newly appointed executive leadership team.
  • With a proven track record of strategic leadership roles across renowned companies, including UPS, Mercury Air Cargo, Towne Air Freight, MNX Global Logistics and Global Critical Logistics, Martins brings more than 30 years of industry expertise to Ascent.
  • "We are thrilled to introduce our newly assembled leadership team, comprised of industry veterans and forward-thinking strategists," said Paul J. Martins, CEO of Ascent Global Logistics.
  • Ascent looks forward to the exciting journey ahead as it embarks on this new chapter under the guidance of its dynamic executive leadership team.

Tornante Company and Madison Dearborn Partners Sell TDS Gift Cards to Ziff Davis

Retrieved on: 
Thursday, February 22, 2024
Professional Services, Retail, Specialty, Finance, Asset Management, Consulting, Banking, Apax Partners, Candy, Investment, Friends, Growth, Sale, Pleasure, Madison Dearborn Partners, Ring Pop, ZD, MDP, Fanaticism, Partnership, Management

Michael D. Eisner’s Tornante Company and Madison Dearborn Partners (“MDP”) today announced that they have sold TDS Gift Cards to Ziff Davis (Nasdaq: ZD) in an all-cash transaction.

Key Points: 
  • Michael D. Eisner’s Tornante Company and Madison Dearborn Partners (“MDP”) today announced that they have sold TDS Gift Cards to Ziff Davis (Nasdaq: ZD) in an all-cash transaction.
  • The sale marks the last piece of the former Topps companies portfolio, which was owned by Tornante Company and funds affiliated with MDP, to be sold, and ends a partnership that began in 2007.
  • “This all started with reading an article about Topps back in 2007 that sparked our interest in the company.
  • Madison Dearborn Partners, LLC is a leading private equity investment firm based in Chicago.

Berkshire Partners Managing Directors Candice Corvetti and Drew Walker Named to GrowthCap's “Top 40 Under 40 Growth Investors of 2023”

Retrieved on: 
Wednesday, January 10, 2024
Banking, Asset Management, Professional Services, Finance, Middlebury College, Mathematics, Multimedia, Advanced Drainage Systems, Partner, Morgan Stanley, Economics, Lightower Fiber Networks, Berkshire Partners, Harvard Business School, Williams College, Asurion, J. P. Morgan, Madison Dearborn Partners, Data infrastructure, Opensignal, Management

Berkshire Partners is pleased to announce Managing Directors Candice Corvetti and Drew Walker have been named to GrowthCap’s “Top 40 Under 40 Growth Investors of 2023” list.

Key Points: 
  • Berkshire Partners is pleased to announce Managing Directors Candice Corvetti and Drew Walker have been named to GrowthCap’s “Top 40 Under 40 Growth Investors of 2023” list.
  • View the full release here: https://www.businesswire.com/news/home/20240110722656/en/
    Ms. Corvetti was promoted to Managing Director at Berkshire Partners in 2023.
  • Prior to joining Berkshire Partners in 2014, Ms. Corvetti was an Associate at Madison Dearborn Partners.
  • On behalf of the entire team at Berkshire Partners, I want to congratulate Candice and Drew on this outstanding and well-deserved recognition,” said Samantha Adams , Managing Director, Talent, at Berkshire Partners.

 Accenture to Acquire Navisite to Help Clients Modernize and Reinvent Their Businesses with Cloud

Retrieved on: 
Wednesday, January 10, 2024
Software, Technology, Networks, Data Management, Multimedia, AI, Acquisition, Madison Dearborn Partners, Growth, Management

Accenture (NYSE: ACN) has entered into an agreement to acquire Navisite, a digital transformation and managed services provider.

Key Points: 
  • Accenture (NYSE: ACN) has entered into an agreement to acquire Navisite, a digital transformation and managed services provider.
  • The addition of Navisite will bolster and scale Accenture’s application and infrastructure managed services capabilities to help clients across North America modernize their IT for the AI era.
  • View the full release here: https://www.businesswire.com/news/home/20240109561259/en/
    Accenture has entered into an agreement to acquire Navisite, a digital transformation and managed services provider.
  • “Our clients feel a sense of urgency to modernize their enterprise and they continue to call on Accenture for help in critical areas where we excel,” said Manish Sharma, CEO of Accenture North America.

Aon to acquire NFP, a leading middle-market provider of risk, benefits, wealth and retirement plan advisory solutions

Retrieved on: 
Wednesday, December 20, 2023
Slate, UBS, Workforce, Vahe, Partnership, Cravath, Swaine & Moore, Risk, TD Securities, EPS, Interest, Jefferies Group, Acquisition, LLP, MDP, Ropes & Gray, HPS, Citigroup, BofA Securities, Madison Dearborn Partners, Aon (company), AON, NFP, Growth, Investment, McDermott Will & Emery, Financial services

The acquisition of NFP expands Aon's presence in the large and fast-growing middle-market segment, with capabilities across risk, benefits, wealth and retirement plan advisory.

Key Points: 
  • The acquisition of NFP expands Aon's presence in the large and fast-growing middle-market segment, with capabilities across risk, benefits, wealth and retirement plan advisory.
  • "We have continually evolved our leading capabilities to better serve our clients' growing needs amidst increasing volatility across the marketplace," said Greg Case, CEO of Aon.
  • "The acquisition will advance our relevance to clients, create opportunities for our colleagues and further strengthen our shared cultural values.
  • NFP is a leader in property and casualty brokerage, benefits consulting, wealth management and retirement plan consulting for middle-market clients with more than 7,700 colleagues.

Aon to acquire NFP, a leading middle-market provider of risk, benefits, wealth and retirement plan advisory solutions

Retrieved on: 
Wednesday, December 20, 2023
Slate, UBS, Workforce, Vahe, Partnership, Cravath, Swaine & Moore, Risk, TD Securities, EPS, Interest, Jefferies Group, Acquisition, LLP, MDP, Ropes & Gray, HPS, Citigroup, BofA Securities, Madison Dearborn Partners, Aon (company), AON, NFP, Growth, Investment, McDermott Will & Emery, Financial services

The acquisition of NFP expands Aon's presence in the large and fast-growing middle-market segment, with capabilities across risk, benefits, wealth and retirement plan advisory.

Key Points: 
  • The acquisition of NFP expands Aon's presence in the large and fast-growing middle-market segment, with capabilities across risk, benefits, wealth and retirement plan advisory.
  • "We have continually evolved our leading capabilities to better serve our clients' growing needs amidst increasing volatility across the marketplace," said Greg Case, CEO of Aon.
  • "The acquisition will advance our relevance to clients, create opportunities for our colleagues and further strengthen our shared cultural values.
  • NFP is a leader in property and casualty brokerage, benefits consulting, wealth management and retirement plan consulting for middle-market clients with more than 7,700 colleagues.

Zilliant Acquires In Mind Cloud to Deliver Full Pricing Lifecycle Capabilities With CPQ Purpose-Built for Manufacturing

Retrieved on: 
Wednesday, December 6, 2023
Technology, Photography, Mobile, Wireless, Audio, Video, Manufacturing, Telecommunications, Software, Networks, Internet, Hardware, Other Manufacturing, Electronic Design Automation, Security, Consumer Electronics, Cloud, Lincoln International, Acquisition, Amazon, SAP, Commerce, Heart, Madison Dearborn Partners, CPQ, Video game, Salesforce

Zilliant helps many of the largest companies in the world react to changes in market inputs, optimize their pricing, and deliver critical insights to sales.

Key Points: 
  • Zilliant helps many of the largest companies in the world react to changes in market inputs, optimize their pricing, and deliver critical insights to sales.
  • With the addition of In Mind Cloud, customers will be able to seamlessly deliver that pricing through CPQ and online channels, completing the final mile of the pricing lifecycle on a single platform.
  • “The acquisition of In Mind Cloud allows us to accelerate our vision to help customers put pricing at the heart of their business,” said Zilliant CEO Pascal Yammine.
  • To learn more about how Zilliant is helping businesses put pricing at the heart of their business, visit zilliant.com .

Madison Dearborn Partners Acquires T2S Solutions to Enable Continued Growth and Innovation in Support of U.S. Defense and Intelligence Missions

Retrieved on: 
Wednesday, November 29, 2023
Electronic Design Automation, White House, Federal Government, Security, Aerospace, Satellite, Manufacturing, Government Technology, Technology, Finance, Homeland Security, Professional Services, Defense, Public Policy, Government, Artificial Intelligence, Software, Engineering, Aevex Aerospace, Machine learning, Entrepreneurship, Bell Labs, ACTION (U.S. government agency), Crowell & Moring, National Program Office, Investment, Artificial intelligence, Navigation, Multimedia, SpiderOak, LGS, Madison Dearborn Partners, IC, Federal, BofA Securities, Command, Intelligence community, C4ISR, Control, Growth, Space, Unison, MDP, Holland & Knight, Kirkland & Ellis, Management, Computer security, T2S, Surveillance, Intelligence

The T2S founders will retain a significant minority ownership position and will continue to lead the Company.

Key Points: 
  • The T2S founders will retain a significant minority ownership position and will continue to lead the Company.
  • We’re excited to partner with MDP as we continue on our mission to deliver increasingly innovative technologies and solutions while maintaining our rapid growth.
  • Today, we are strategically positioned at the center of high-priority defense technology areas that will see significant growth for years to come,” said Tim Jahnigen, Co-Founder & Chief Growth Officer of T2S.
  • Raymond James served as financial advisor to MDP and Kirkland & Ellis and Crowell & Moring provided legal counsel.