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. 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.
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History
Francisco was founded in 1999 as the emergence of dedicated technology buyout firms began. 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.
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Investments
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.
In 2016, Francisco Partners' portfolio company NSO Group was accused of helping governments hack smartphones and persecute human rights activists. It was also criticized for investing in direct competitors, WatchGuard and SonicWall, a practice frowned upon in the private equity industry.
Francisco Partners have invested in or purchased the following companies:
References
External links
- Francisco Partners (company website)
Source of article : Wikipedia
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