Francisco Partners

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Francisco Partners
Private
Industry Private equity
Founded 1999; 19 years ago (1999)
Founders David Stanton, Dipanjan Deb, Benjamin Ball, Neil Garfinkel, Sanford R. "Sandy" Robertson
Headquarters Letterman Digital Arts Center
San Francisco, California, United States
Key people
Dipanjan Deb, CEO
Ezra Perlman, Co-President
Deep Shah, Co-President
AUM $14 billion
Number of employees
35 investment professionals
Website www.franciscopartners.com

Francisco Partners is an American private equity firm focused exclusively on investments in technology and technology-enabled services businesses. Francisco Partners Management LLC was founded in August 1999. As of 2016, it was based in San Francisco and London.[1] From its inception until 2017, the firm raised over $14 billion in committed capital across four funds and built an investment portfolio including over 85 companies.[2]

History[edit]

Francisco was founded in 1999 as the emergence of dedicated technology buyout firms began.[3] The founders of the firm came from a group of private equity firms including TPG Capital, together with the founder of technology-focused investment bank Robertson Stephens.

In 2017, Francisco Partners was named Private Equity Firm of the Year.[4]

Investments[edit]

Francisco Partners specializes in financing divisional buyouts, "take privates" of public companies, sponsored mergers and acquisitions, growth equity financing, recapitalizations, and restructurings. It prefers to invest in mature or maturing technology and technology-related companies. The firm invests in software, internet, healthcare technology, communications, hardware and technology services. It prefers to invest in companies with enterprise values ranging from $25 million to $2 billion. The firm makes equity investments ranging from less than $25 million to over $500 million. It typically acquires a majority or controlling stake in its portfolio companies, but will be a minority investor with board of director representation.

Francisco Partners has more than 30 active portfolio companies. Francisco has acquired former venture capital-backed companies as well as many divisions of large conglomerates and IT companies worldwide.[5]

In 2016, Francisco Partners' portfolio company NSO Group was accused of helping governments hack smartphones and persecute human rights activists.[1] It was also criticized for investing in direct competitors, WatchGuard and SonicWall, a practice frowned upon in the private equity industry.[6]

Francisco Partners has invested in or purchased the following companies:[7]

Company Name Status
aconex Exited
ADERANT Exited
AdvancedMD Software Exited
Aesynt Exited
AKQA Exited
Allston Trading Current
AMI Semiconductor Exited
API Healthcare Exited
Attachmate Exited
Attenti Exited
Avalon Current
Avangate Current
Barracuda Networks Current
Betterment Current
Blue Coat Exited
City Index Current
C-MAC MicroTechnology Exited
Dell Software[8] Current
Comodo[9] Current
Corsair Current
CrossMatch Current
CoverMyMeds Current
Dextrys Current
ClickSoftware Technologies[10] Current
EFJohnson Exited
efront Exited
Ex Libris Group Exited
Foundation 9 Entertainment Exited
FrontRange Solutions Exited
Grass Valley Exited
GXS Exited
Healthland Current
Hypercom Exited
ichor systems Current
K2 Current
BluJay Solutions Current
Legerity Exited
Lumata Current
LYNX Medical Systems Exited
masternaut Exited
Metaswitch Networks Current
Metrologic Instruments Exited
Minicom Exited
Mitel Networks Current
NexTech EMR & PM Current
NextTraq Exited
NPTest Exited
NSO Group Current[11]
Numonyx Exited
OfficeTiger Exited
PayLease Current
paymetric Current
Plex Systems Current
Primavera Exited
Procera Networks Current
Prosper Current
Quadramed Exited
Quantros Current
R2Net Exited
RedPrairie Exited
Sandvine Current[12]
SintecMedia Current
Smart Focus Current
SMART Modular Technologies Exited
SmartBear Software[13] Current
Source Photonics Current
Specific Media Exited
Therapeutic Research Center Current
T-System Current
Ultra Clean Technology Exited
Vendavo Current
Verifone Current[14]
WatchGuard Current
Webtrends Current
XcelleNet Exited

References[edit]

  1. ^ a b Thomas Fox-Brewster (August 25, 2016). "Everything We Know About NSO Group: The Professional Spies Who Hacked iPhones With A Single Text". 
  2. ^ "Francisco Partners - About". www.franciscopartners.com. Retrieved 2017-07-10. 
  3. ^ http://www.edn.com/Home/PrintView?contentItemId=4359902
  4. ^ "Francisco Partners earns Private Equity Firm of the Year". Mergers & Acquisitions. Retrieved 2017-07-05. 
  5. ^ Bring Us Your Small, Unloved Start-Ups. May 15, 2004
  6. ^ Gillian Tan (July 12, 2016). "How's This for a Private Equity Conflict?". 
  7. ^ http://www.franciscopartners.com/investments
  8. ^ "Francisco Partners and Elliott Management to Acquire the Dell Software Group". DELL. 20 June 2016. Retrieved August 23, 2016. 
  9. ^ "Francisco Partners Announces Acquisition of Comodo’s Certificate Authority (SSL) Business". www.businesswire.com. Retrieved 2017-10-31. 
  10. ^ Chen, Angela (30 April 2015). "ClickSoftware to Be Bought by Francisco Partners for $438 Million". Wall Street Journal. Retrieved 6 September 2015. 
  11. ^ "Secretive cyber warfare firm NSO Group explores sale: sources". Reuters. November 2, 2015. 
  12. ^ Pender, Terry (2017-07-17). "Sandvine accepts $562M takeover bid". TheRecord.com. Retrieved 2018-02-02. 
  13. ^ Martin, Dylan. "Boston Startups That Were Acquired or Shut Down in May". BostInno. BostInno. Retrieved 26 June 2017. 
  14. ^ "Francisco Partners to Take VeriFone Private for $3.4 Billion". Bloomberg.com. Retrieved 2018-06-25. 

External links[edit]