Investment Summary

TA Associates and Francisco Partners Invest In Edifecs

On July 28, 2020, private equity firms TA Associates and Francisco Partners invested in software company Edifecs

Investment Highlights
  • This is TA Associates’ 64th and Francisco Partners’ 42nd transaction in the Software sector.
  • This is TA Associates’ 231st and Francisco Partners’ 94th transaction in the United States.
  • This is TA Associates’ 9th and Francisco Partners’ 6th transaction in Washington.

Investment Summary
Date 2020-07-28
Target Edifecs
Sector Software
Investor(s) TA Associates
Francisco Partners
Deal Type Growth Capital
Advisor(s) Triple Tree LLC (Financial)
DLA Piper
Karr Tuttle Campbell (Legal)

Target

Edifecs

Bellevue, Washington, United States
website
Edifecs is a provider of data interoperability software solutions in the U.S. healthcare market. Edifecs provides data interoperability software connecting payors, providers and government agencies. The company provides mission-critical software to its customers’ core business processes, with a strong value proposition in reducing administrative cost, workflow automation, ensuring compliance and achieving proper reimbursement from government agencies. Edifecs was founded in 1996 and is based in Bellevue, Washington.

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Investor(S) 2

Investor

TA Associates

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1968
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TA Associates is a private equity firm that targets investments in middle-market and large companies around the world. TA will consider control or minority investments in profitable companies and looks to commit between $70 and $500 million per transaction. TA proactively reaches out to companies directly in sourcing potential investment opportunities. Prospective businesses are generally valued between $100 million and $3 billion. Areas of interest include technology, software, communications, financial services, healthcare, business services, semiconductors/electronics, and consumer products/services. In addition to investing equity capital, TA also makes subordinated debt investments. TA's geographic preference is North America, Asia/Pacific, and Europe. TA Associates was formed in 1968 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 305 of 360
Sector (Software) 64 of 85
Type (Growth Capital) 112 of 131
State (Washington) 9 of 11
Country (United States) 231 of 261
Year (2020) 9 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-28 Hornetsecurity

Hannover, Germany

Hornetsecurity is a cloud security provider and secures the IT infrastructure, digital communications, and data of companies and organizations of all sizes. Hornetsecurity was founded in 2007 and is based in Hannover, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-07 Surfaces Group

Cenate Sotto, Italy

Surfaces Group is a global developer and manufacturer of value-add abrasive tools and other consumables sold to manufacturers of high-end ceramic, engineered stone, glass and niche mechanical applications. The company offers a complete set of tools and abrasives for post-production value-add operations, including lapping, polishing, coating, cutting and squaring. Surfaces Group is based in Cenate Sotto, Italy.

Buy -
Investor

Francisco Partners

San Francisco, California, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1999
PE ASSETS 45.0B USD
Size Mega
Type Sector Focused
DESCRIPTION
Francisco Partners' headquarters in San Francisco, California.
Francisco Partners' headquarters in San Francisco, California.

Francisco Partners is a private equity firm focused exclusively on investments in technology and technology-enabled services. Specific areas of interest include semiconductors, capital equipment, electronics components, systems and manufacturing, IT services and business process outsourcing, communications, security and enterprise applications, and infrastructure software. Prospective investment situations include divisional buyouts, growth equity financings, acquisitions of private companies, sponsored mergers and acquisitions, and take-privates. Francisco Partners looks for opportunities where it can commit a minimum of $100 million per investment. Francisco Partners was formed in 1999 and is based in San Francisco, California.

DEAL STATS #
Overall 111 of 146
Sector (Software) 42 of 49
Type (Growth Capital) 26 of 34
State (Washington) 6 of 6
Country (United States) 94 of 121
Year (2020) 4 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-27 GAINSystems

Chicago, Illinois, United States

GAINSystems, Inc. is a provider of advanced Supply Chain Planning and Inventory Optimization IT solutions. GAINSystems was founded in 1971 and is based in Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-31 Consignor

Oslo, Norway

Consignor is a multi-carrier software platform for shippers enabling them to ship, track, scan, receive, return, and analyze shipments. The company supports large enterprise companies as well as small merchants, including startups, in their delivery management, making it easier, less time-consuming, and cheaper for them to deliver parcels to their customers. Consignor was formed in 1997 and is based in Oslo, Norway.

Buy Nkr1.5B
Mergr

Product

Company

Legal