Articles from Francisco Partners

Francisco Partners (FP) today announced the final closing of FP Credit Partners III, L.P., a $3.3 billion opportunistic credit fund. The Fund follows FP Credit Partners II, L.P., a $2.2 billion predecessor fund. It was oversubscribed and exceeded target fund size of $2.3 billion.

Francisco Partners (“FP”), a leading global investment firm that specializes in partnering with technology businesses, announced it has signed a definitive agreement to acquire AdvancedMD, a leading cloud-based provider of medical office software, from Global Payments, Inc. (NYSEGPN), a leading worldwide provider of payment technology and software solutions.

Clearlake Capital Group (“Clearlake”) and Francisco Partners announced today that they have completed their acquisition of the Synopsys Software Integrity Group, establishing the newly independent application security company as Black Duck Software, Inc. (“Black Duck”). The transaction with Synopsys, Inc. (Nasdaq: SNPS), which was first announced on May 6, 2024, is valued at up to $2.1 billion, including up to $475 million in cash payable upon Clearlake and Francisco Partners achieving a specified rate of return in connection with one or more liquidity transactions.

Francisco Partners, a leading global technology investment firm that specializes in partnering with technology and healthcare businesses, announced today the pending sale of QGenda to Hearst. Terms of the transaction were not disclosed.

Francisco Partners is sad to share the unfortunate news that the firm’s beloved co-founder, Sanford “Sandy” Robertson, passed away this morning. Sandy was 93 years of age and was active until his last day.

RedSail Technologies, a premier provider of pharmacy technology and solutions, announced a strategic growth investment from Leonard Green & Partners (LGP). As part of the transaction, Francisco Partners (FP), which created RedSail by combining two separate divisional carve-outs in 2020, will also reinvest in the company alongside management.

Francisco Partners, a leading global investment firm that specializes in partnering with technology businesses, today announced the completion of its acquisition of The Weather Company (the "Company"), one of the world's leading weather technology providers, from IBM, previously announced in August 2023. Under the ownership of Francisco Partners, the new standalone company will continue to be led by CEO Sheri Bachstein.

Francisco Partners, a leading global investment firm that specializes in partnering with technology businesses, today announced the completion of the all-cash acquisition of Blancco Technology Group (“Blancco” or the “Company”) for 223 pence per share, representing an equity valuation of approximately £175 million. As a result of the completion of the transaction, Blancco has ceased trading and is no longer listed on the London stock market.

Today, Francisco Partners, a leading global investment firm that specializes in partnering with technology and media businesses, announced its growth investment and funding of the combination of Hal Leonard, the legendary sheet music publisher and music-learning provider, and Muse Group, an industry leader in music content and creation. The partnership of the two companies creates a leading global music learning content platform, solidifies its competitive position in the music creation industry, and allows for significant growth potential to lead content and education in both the traditional and digital form.

Macrobond, the leading provider of global macroeconomic data and time-series technology, has teamed up with Trahan Macro Research and its sister company, the Center for the Macro Specialist Designation (CMSD). The CMSD has created the Macro Specialist Designation (M2SD) program – one of the newest and most exciting certifications in finance.

Francisco Partners, a leading global investment firm, specializing in technology and media-focused businesses, announced today that it has partnered with H.I.G. Capital and RBmedia’s management to complete the acquisition of RBmedia from KKR. With this investment, H.I.G. and Francisco Partners will support RBmedia, the leading audiobook publisher in the world, in the continued growth of the company’s vast catalog of spoken content and powerful distribution network that reaches millions of global listeners.

Francisco Partners, a leading global investment firm that specializes in partnering with technology businesses, today announced its acquisition of Macrobond, a top innovator in the financial data and technology industry, from Nordic Capital, a leading European private equity investor. Macrobond’s Founder Tomas Liljeborg will continue as Chief Executive Officer and will remain a significant equity holder in the company.

GreenSlate, a leading provider of payroll and production accounting solutions for the entertainment industry, today announced a strategic growth investment from Francisco Partners (“FP”), a leading global investment firm that specializes in partnering with technology businesses. GreenSlate’s Founder and CEO, John Finn, will remain a significant equity holder. As part of the transaction, VSS Capital Partners (“VSS”), a private investment firm and an existing investor in the business, will make a new equity investment into the Company.

FP Credit Partners II, L.P. (“FPCP”) and FP Credit Partners Phoenix II, L.P. (“FPCPP” and together with FPCP, the “Purchasers”) have commenced a cash tender offer to purchase up to an aggregate of 7,500,000 Class A Ordinary shares, $0.0001 par value per share (each, a “Class A Share”), of Pathfinder Acquisition Corporation, a Cayman Islands Exempted company incorporated with limited liability (NASDAQPFDR) (the “Company”), at a price of $10.00 in cash per Class A Share, without interest on the purchase price and less any applicable withholding taxes. Each of the Class A Shares was sold, together with one-fifth of one redeemable warrant exercisable for one Class A Share, as part of the units issued in the Company’s initial public offering pursuant to a prospectus dated February 16, 2021. Beginning on April 9, 2021, holders of the units sold in the Company’s initial public offering were able to elect to separate the units into their component parts and begin trading the Class A Shares and warrants separately. The Purchasers are making an offer, upon the terms and subject to the conditions set forth in the Purchasers’ Offer to Purchase, dated December 5, 2022 (as it may be amended or supplemented from time to time, the “Offer to Purchase”) and in the related Letter of Transmittal, dated December 5, 2022 (as it may be amended or supplemented from time to time, the “Letter of Transmittal” and, together with the Offer to Purchase, the “Offer”). THE OFFER AND WITHDRAWAL RIGHTS WILL EXPIRE AT 11:59 P.M., EASTERN TIME, ON JANUARY 4, 2023, UNLESS THE OFFER IS EXTENDED (SUCH DATE AND TIME, AS IT MAY BE EXTENDED, THE “EXPIRATION DATE,” AND 11:59 P.M. ON THE EXPIRATION DATE, THE “EXPIRATION TIME”) OR EARLIER TERMINATED.

Francisco Partners (“FP”), a leading global investment firm that specializes in partnering with technology businesses, today announced the completion of the acquisition of Litmos (the “Company”) from SAP.

Glorious, a lifestyle PC gaming hardware brand specializing in high-performance PC gaming peripherals, today announced a strategic growth investment from Francisco Partners (“FP”), a leading global investment firm that specializes in partnering with technology businesses. As part of today’s announcement, Glorious is also announcing the appointment of Pat Wachendorf as CEO, succeeding Glorious’ founder, Shazim Mohammad. Mr. Mohammad will remain a significant equity holder in the Company following the transaction.

Francisco Partners (“FP”), a leading global investment firm that specializes in partnering with technology businesses is excited to announce distinguished executives Paul Cormier, Matt Dircks, Joe Kim and Dr. Ford Tamer will be joining its operating team, Francisco Partners Consulting (“FPC”), as Senior Operating Partners. FPC now has over 40 operating executives that are providing value-creation support to FP portfolio companies.

Francisco Partners (“FP”), a leading global investment firm that specializes in partnering with technology businesses, today announced it has signed a definitive agreement to acquire bswift, a leading provider of benefits technology and services, from CVS Health.

Francisco Partners (“FP”), a leading global investment firm that specializes in partnering with technology businesses, today announced several key strategic hires.

Francisco Partners (“FP”), a leading global investment firm that specializes in partnering with technology businesses, today announced that it has hired Ashley Evans as a Partner of the firm. At FP, Ashley will focus primarily on application software investments across a range of end-markets.

Kobalt today announced that it has selected leading global technology and media-focused investment firm Francisco Partners (FP) to invest in the business. The firm will take a controlling interest in the company. Willard Ahdritz will continue as Kobalt's Chairman, and the company will continue to be led by its existing management team Laurent Hubert, CEO, Jeannette Perez, President and COO, Catrin Drabble, CFO, and Nuno Guerreiro, CTO.

Drawbridge, a market leading provider of cybersecurity software and solutions to the financial services industry, today announced a strategic growth investment from Francisco Partners, a leading global investment firm that specializes in partnering with technology businesses. Existing investor Long Ridge and Drawbridge’s leadership team will remain significant equity holders in the company.

SAP SE (NYSESAP) and Francisco Partners (FP) today announced that FP has signed a definitive agreement with SAP America Inc. under which Francisco Partners will acquire SAP Litmos (Litmos) from SAP. Litmos is an established leader in the learning management system market. FP is a leading global investment firm that specializes in partnering with technology businesses. SAP America Inc. is a wholly owned subsidiary of SAP SE.

Francisco Partners (FP) today announced the closing on nearly $17 billion in capital commitments between its $13.5B flagship fund, Francisco Partners VII, L.P., and its $3.3B Francisco Partners Agility III, L.P. fund. The two funds were substantially oversubscribed and exceeded target fund sizes. When combined with previously raised private equity and opportunistic credit funds, Francisco Partners has approximately $23B in capital available for investment.

Francisco Partners, a leading global investment firm that specializes in partnering with technology businesses, today announced that it has completed the acquisition of healthcare data and analytics assets that were part of IBM’s (NYSEIBM) Watson Health business, previously announced in January.

GAINSystems, a leading provider of innovative cloud-based supply chain planning solutions, today announced a majority investment from Francisco Partners, a leading global investment firm that specializes in partnering with technology businesses. The investment follows an initial strategic growth investment from Francisco Partners in July 2020. With the investment, Francisco Partners will become the majority shareholder of GAINSystems.

IBM (NYSEIBM) and Francisco Partners, a leading global investment firm that specializes in partnering with technology businesses, today announced that the companies have signed a definitive agreement under which Francisco Partners will acquire healthcare data and analytics assets from IBM that are currently part of the Watson Health business. The assets acquired by Francisco Partners include extensive and diverse data sets and products, including Health Insights, MarketScan, Clinical Development, Social Program Management, Micromedex, and imaging software offerings.

Francisco Partners (“FP”), a leading global investment firm that specializes in partnering with technology businesses, announced three Partner promotions to its investment team: Evan Daar, Mario Razzini and Christine Wang.

Office Ally, a leading provider of healthcare clearinghouse and software solutions, announced today its acquisition by Francisco Partners, a leading global investment firm that specializes in partnering with technology businesses. The investment will provide Office Ally with a new partner to help capitalize on its current momentum and continue to drive product innovation and growth.

NZXT, a leader in PC gaming hardware and services, today announced it has secured a strategic investment of approximately $100 million led by Francisco Partners, a leading global investment firm that specializes in partnering with technology businesses. This investment will allow NZXT to bring on more senior talent, expand its product offering to include new hardware categories, expand its direct-to-consumer offering in new global markets, invest more in the community, and focus on continuing to build the NZXT brand.

Renaissance® (“Renaissance” or the “Company”), a global leader in pre-K–12 educational technology, today announced its entry into a definitive agreement for private equity funds managed by Blackstone (NYSE:BX; “Blackstone”) to make a significant equity investment in the Company alongside existing investors including Francisco Partners and TPG’s The Rise Fund. Francisco Partners, a leading global investment firm that specializes in partnering with technology businesses, acquired the Company in 2018 and will remain a major shareholder. Blackstone’s investment will be made through its flagship private equity vehicle.

Paradigm, a market leading provider of practice management software and integrated payments to the legal industry, today announced a strategic growth investment from Francisco Partners, a leading global investment firm that specializes in partnering with technology businesses. The investment will provide Paradigm with a new financial partner to help it capitalize on its current momentum and continue to drive product innovation and growth. Paradigm was formed by ASG, a software platform company backed by Alpine investors, a people-driven private equity firm.

Francisco Partners, a leading technology investment firm, today announced the final closing of FP Credit Partners II (“the Fund”), a $2.2 billion opportunistic credit fund focused on the broad and increasingly diverse technology market. The Fund’s total capital commitments reached its hard cap and exceeded its original $1.25 billion target.

Francisco Partners, a leading global investment firm that specializes in partnering with technology businesses, today announced that it was named to Inc.’s Founder-Friendly Investors list. This recognition was due to Francisco Partners’ twenty-year track record as one of the best partners backing entrepreneurs and management teams looking to scale their companies.

SourceScrub, a market leading private company intelligence platform for the financial services industry, today announced a strategic growth investment from Francisco Partners, a leading global investment firm that specializes in partnering with technology businesses. Existing investor Mainsail Partners and SourceScrub’s founders and management will remain significant equity holders in the company, which has grown rapidly over the last several years.

RugsUSA, a leading e-commerce provider of area rugs and home décor products, announced today that Francisco Partners, a leading global investment firm that specializes in partnering with technology businesses, has signed a definitive agreement to make a growth investment in the business. As part of the transaction, Comvest Partners, an operationally-focused private investment firm, will sell its majority position to Francisco Partners and retain a minority stake in the business. The pending transaction is expected to close later in 2021.

NMI, a leading global full commerce enablement technology company, today announced a significant new equity investment from New York-based global private equity and venture capital firm Insight Partners. Insight Partners joins existing investors Francisco Partners and Great Hill Partners. The company will continue to be led by Chief Executive Officer, Vijay Sondhi, and the current management team, who invested alongside Insight Partners, Francisco Partners, and Great Hill Partners.

Francisco Partners, a leading global investment firm that specializes in partnering with technology businesses, is pleased to announce that three of the firm’s portfolio companies have been named to Inc. magazine’s annual Inc. 5000 list, the most prestigious ranking of the nation’s fastest-growing private companies.

Francisco Partners, a leading global investment firm that specializes in partnering with technology businesses, today announced that it has signed a definitive agreement to acquire the STARLIMS informatics product suite and related business assets from Abbott (NYSEABT). Abbott is a global healthcare company with leading businesses and products in diagnostics, medical devices, nutritionals and branded generic medicines. Terms of the transaction were not disclosed.

Francisco Partners, a global investment firm that specializes in partnering with technology businesses, announced today that it has sold its minority stake in Availity, one of the nation’s largest, real-time health information networks connecting payers and providers. Terms of the transaction were not disclosed.

Francisco Partners, a global investment firm that specializes in partnering with technology businesses, today announced it has signed a definitive agreement to sell Plex Systems, the leading cloud-native smart manufacturing software platform, to Rockwell Automation, Inc. (NYSEROK) for $2.22 billion in cash.

Francisco Partners, a leading global investment firm that specializes in partnering with technology businesses, announced today the combination of TradingScreen, a provider of trading execution and order management software, and Imagine Software, a real-time risk and compliance software platform. The combined company, TS Imagine, will be a dynamic end-to-end trading and portfolio management software platform for connecting the investment management industry with a network of brokers, banks and exchanges.