EverCommerce jumps on report it's exploring sale amid takeover interest

Parradee Kietsirikul

• EverCommerce (NASDAQ:EVCM) soared 15% amid a report that it's exploring a potential sale after garnering takeover interest.
• EverCommerce (EVCM) is working with Centerview Partners to consider its options, according to a Reuters report, which cited people familiar.
• EverCommerce's (EVCM) board formed a special committee consisting of independent directors, to allow top shareholders, including private equity firms Silver Lake and PSG Equity, to potentially participate in a takeover, according to the report. PSG and Silver Lake own 45% and 35% of EVCM respectively.
• EverCommerce (EVCM) has a market cap of $1.2 billion.
• EverCommerce (EVCM) is scheduled to report Q1 results on May 9.