Evergreen Coast Capital Corporation
Evergreen Coast Capital Corporation
Evergreen Coast Capital Corporation is a private equity firm established in 2015 and headquartered in Menlo Park, California. The firm is a significant arm of Elliott Management Corporation, a renowned investment firm. Evergreen Coast Capital focuses its investment strategies primarily within the technology sector, seeking opportunities that allow for growth and innovation.
Background and Strategy
Evergreen Coast Capital was formed to complement the broader investment strategies of its parent company, Elliott Management Corporation. Known for its active approach in the markets, Elliott Management provides Evergreen with an extensive platform to leverage strategic initiatives within technology-focused investments. Evergreen Coast Capital employs a blend of operational and financial expertise to enhance the value of its investments.
Major Investments and Acquisitions
Evergreen Coast Capital has participated in several high-profile acquisitions alongside notable partners:
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Cubic Corporation: In 2021, Evergreen Coast Capital partnered with Veritas Capital to acquire Cubic Corporation, a technology-driven market leader in transportation and defense solutions. This acquisition aimed to expand and enhance Cubic's capabilities in these sectors.
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GoTo (US company): Evergreen Coast Capital, together with Francisco Partners, took over GoTo, a significant player in technology services, in a transaction that closed in August of the acquisition year.
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Travelport: A strategic partnership with Siris Capital Group led to the acquisition of Travelport for $4.4 billion. Travelport is a leader in travel commerce, and the acquisition emphasized Evergreen's commitment to fostering growth in diverse technology sectors.
Relationship with Elliott Management Corporation
As an affiliate of Elliott Management Corporation, Evergreen Coast Capital benefits from the extensive resources and financial acumen of one of the world's largest activist funds. This relationship allows Evergreen to pursue investments that align with Elliott's broader strategy while focusing on technology sector opportunities.