Cohere Capital Acquires Phaedon from ICF; Graycliff and Brookside Provide Financing

December 14, 2023

Cohere Capital has acquired Phaedon, the former U.S. Commercial Engagement division of ICF Next/ICF International, creating a standalone, technology-enabled digital engagement and loyalty business. Graycliff Partners provided a unitranche debt financing and equity co-investment to support the deal, with Brookside Capital Partners investing alongside Graycliff.

Targets
Phaedon
Sellers
ICF Next, ICF International (ICFI)
Location
Minnesota, United States
Transaction Type
Divestiture

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