Evocative Secures Funding to Drive Expansion
Evocative, a global provider of internet infrastructure, has secured debt financing from a major global investment firm. This financing, combined with ongoing equity support from Crestline Investors, Inc., will fuel the company’s expansion to meet the growing demand for data centers and colocation services driven by the rise of AI technologies.
Leadership Perspective
Derek Garnier, CEO of Evocative, emphasized the significance of this financing in expanding the company’s capacity and supporting next‑generation AI applications. He highlighted the company’s commitment to providing the necessary infrastructure for AI development, hybrid cloud environments, and diversified IT solutions.
Strategic Partner Support
Crestline Investors has been a long‑term partner of Evocative, supporting the company through various stages of its strategic growth plan. Will Palmer, a partner at Crestline, expressed confidence in Evocative’s ability to meet the increasing demands of the digital infrastructure industry.
Advisors Involved
The transaction involved several key advisors, including:
- Guggenheim Securities – sole structuring advisor and placement agent
- Jones Day – legal counsel to Evocative
- Altman Solon – commercial due diligence
- BSP – technical advisor
- EisnerAmper’s Transaction Advisory Services Group
Use of Funds
The funding will be used for targeted infrastructure investments, including upgrading capacity, expanding into strategic metro areas, and enhancing Evocative’s data center, network, bare‑metal, and cloud platforms.
Future Outlook
This financing round marks a significant step for Evocative as it continues to expand its infrastructure to support the evolving needs of enterprise and service‑provider customers in the digital age.
