M&A Deal Summary

Francisco Partners and TPG Acquire Boomi

On May 2, 2021, private equity firms Francisco Partners and TPG acquired internet software and services company Boomi from Dell for 4.0B USD

Acquisition Highlights
  • This is Francisco Partners’ 18th and TPG’s 26th transaction in the Internet Software and Services sector.
  • This is Francisco Partners’ 3rd and TPG’s 21st largest (disclosed) transaction.
  • This is Francisco Partners’ 101st and TPG’s 245th transaction in the United States.
  • This is Francisco Partners’ 3rd and TPG’s 9th transaction in Pennsylvania.

M&A Deal Summary
Date 2021-05-02
Target Boomi
Sector Internet Software and Services
Buyer(s) Francisco Partners
TPG
Sellers(s) Dell
Deal Type Divestiture
Deal Value 4.0B USD

Target

Boomi

Chesterbrook, Pennsylvania, United States
website
Boomi instantly connects everyone to everything with its cloud-native, unified, open, and intelligent platform. Boomi's integration platform as a service (iPaaS) is trusted by more than 15,000 customers globally for its speed, ease-of-use and lower total cost of ownership. Boomi's vision is to make it quick and easy for customers and partners to discover, manage and orchestrate data, while connecting applications, processes, and people for better, faster outcomes. Boomi is based in Chesterbrook, Pennsylvania.

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Buyer(S) 2

Buyer

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 121 of 147
Sector (Internet Software and Services) 18 of 26
Type (Divestiture) 25 of 32
State (Pennsylvania) 3 of 3
Country (United States) 101 of 122
Year (2021) 6 of 14
Size (of disclosed) 3 of 29
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-14 VitalSource

Raleigh, North Carolina, United States

VitalSource is a developer of learning and development resources for the digital age. VitalSource is an education technology solutions provider committed to helping partners create, deliver, and distribute affordable, accessible, and impactful learning experiences worldwide. As a recognized innovator in the digital course materials market, VitalSource is best known for partnering with more than 1,000 publishers and resellers to deliver extraordinary learning experiences to millions of active users globally– and today we’re also powering new, cutting-edge technologies designed to optimize teaching and learning for maximum results. VitalSource was founded in 1994 and is based in Raleigh, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-03 TS Imagine

New York, New York, United States

TS Imagine is 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.

Buy -
Buyer

TPG

Fort Worth, Texas, United States

Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1992
PE ASSETS 137.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TPG Capital is a global, mega-sized private investment firm that manages a family of funds focused on private equity, real estate, venture capital, public equity and debt investing. TPG invests in opportunities across a broad range of industries and geographies. TPG generally seeks to invest in established businesses that can benefit from the Firm's operational experience and connections. Industries of interest include consumer, retail, healthcare, industrials, digital media, natural resources, energy, real estate, technology, and software. TPG was formerly known as Texas Pacific Group and was originally established in 1992 by David Bonderman, James Coulter and William Price. The Firm is based in Forth Worth, Texas with additional offices in Europe, Asia, and Australia.

DEAL STATS #
Overall 372 of 401
Sector (Internet Software and Services) 26 of 29
Type (Divestiture) 31 of 36
State (Pennsylvania) 9 of 10
Country (United States) 245 of 269
Year (2021) 8 of 14
Size (of disclosed) 21 of 100
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-26 Unchained Labs

Pleasanton, California, United States

Unchained Labs is a life science tools company focused on solving problems for biologics and gene therapy researchers. Unchained systems are used by biopharma researchers around the world to analyze and characterize large, complex molecules and to make their research jobs easier. Unchained Labs was founded in 2015 and is based in Pleasanton, California.

Sell $435M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-10 Evoltz

Rio de Janeiro, Brazil

Evoltz is an electricity transmission platform consists of seven electricity transmission lines that total more than 3,500km across 10 states in Brazil. Evoltz is a holding company with end-to-end management of its concessions, leveraging cutting-edge technology and best practices within the electricity transmission sector. Evoltz was founded in 2018 and is based in Rio de Janeiro, Brazil.

Sell -

Seller(S) 1

SELLER

Dell

Round Rock, Texas, United States

website

Category Company
Founded 1984
Sector Technology Hardware
Employees133,000
Revenue 101.2B USD (2022)
DESCRIPTION
Building 7 on Dell's campus in Round Rock, Texas.
Building 7 on Dell's campus in Round Rock, Texas.

Dell is a global provider of technology equipment and information technology software and solutions. Dell Technologies looks to bring together the entire infrastructure from hardware to software to services. Through its recent combination with EMC, Dell Technologies offers next-generation solutions through its Client Solutions Group, Infrastructure Solutions Group, VMware, Inc., RSA Information Security, SecureWorks Corp., Pivotal Software, Inc., Boomi, Inc., and Virtustream, Inc. Dell's solutions enable digital transformation and encompass software-defined data centers, all-flash arrays, hybrid cloud, converged and hyper-converged infrastructure, cloud-native software application development tools, mobile, and security solutions. Dell was incorporated in 1984 and is based in Round Rock, Texas.

DEAL STATS #
Overall 7 of 7
Sector (Internet Software and Services) 2 of 2
Type (Divestiture) 6 of 6
State (Pennsylvania) 1 of 1
Country (United States) 7 of 7
Year (2021) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-01 SonicWALL

San Jose, California, United States

SonicWALL is a provider of an Internet security solutions and appliances. SonicWALL has three business units: Network Security, Content Security, and Business Continuity.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-25 Cloudify

Herzliya, Israel

Cloudify is as an open-source DevOps automation platform. Cloudify’s environment-as-a-service packages infrastructure, networking, and automation tools into certified blueprints that its customers can use to manage heterogeneous cloud environments at scale, and to help bridge the gap between DevOps and IT service management (ITSM).

Buy -
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