Carlyle Named Administrative Agent and Lead Arranger on Senior Credit Facility for Evergreen Services Group

NEW YORK and SAN FRANCISCO – Global investment firm The Carlyle Group Inc. (NASDAQ: CG) today announced that its Global Credit platform was lead arranger and will serve as administrative agent for a senior credit facility supporting San Francisco-based Evergreen Services Group’s continued growth.

Carlyle Global Credit also contributed capital to the debt financing, building on previous investments made since 2018.  During that time, Carlyle has provided capital to support Evergreen’s expansion, including supporting 19 tuck-in acquisitions, helping grow Evergreen’s financing capacity by nearly four times. 

Evergreen is an Alpine Investors-backed holding company focused on acquiring B2B services companies across the United States, with a focus on IT managed services.  Evergreen Services Group partners with founders and management teams of leading businesses to provide a permanent home for their business and invest in their operational excellence, capital allocation, and long-term growth. 

Taylor Roach, Principal, Carlyle Global Credit, said, “We are pleased to continue building on our long-term relationship with Evergreen and Alpine Investors, and to provide the capital Evergreen needs to continue growing its platform. We focus on investing in companies with strong fundamentals with whom we can partner and Evergreen is a great example of that.”

Jeff Totten, Evergreen Services Group CEO, said, “Our partnership with Carlyle has been instrumental to our growth over the last two and a half years. Carlyle has supported our investments in talent, organic growth and M&A as we work toward our vision of building America’s best home for businesses and their leaders.” 

Carlyle’s $59 billion Global Credit platform is an active provider of private credit solutions across the capital structure, including senior secured loans, unitranche loans and junior debt. The group’s investment strategies span the private credit spectrum: liquid credit, illiquid credit and real assets credit.

Financial details were not disclosed.

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About The Carlyle Group
The Carlyle Group (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across three business segments: Global Private Equity, Global Credit and Investment Solutions. With $260 billion of assets under management as of March 31, 2021, Carlyle’s purpose is to invest wisely and create value on behalf of its investors, portfolio companies and the communities in which we live and invest. The Carlyle Group employs more than 1,800 people in 29 offices across five continents. Further information is available at www.carlyle.com. Follow The Carlyle Group on Twitter @OneCarlyle.

About Evergreen Services Group
Evergreen Services Group is a holding company focused on acquiring and operating B2B services companies across the United States, with a focus on IT managed services.  Evergreen partners with founders and management teams of leading businesses to provide a permanent home for their business and invest in their operational excellence, capital allocation and long-term growth. Evergreen has acquired 28 companies across the US and Canada.

Media contact

Christa Zipf
Christa.zipf@carlyle.com
347-621-8967

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