M&A Deal Summary

Francisco Partners Acquires MyFitnessPal

On October 30, 2020, private equity firm Francisco Partners acquired internet software and services company MyFitnessPal from Under Armour for 345M USD

Acquisition Highlights
  • This is Francisco Partners’ 15th transaction in the Internet Software and Services sector.
  • This is Francisco Partners’ 12th largest (disclosed) transaction.
  • This is Francisco Partners’ 96th transaction in the United States.
  • This is Francisco Partners’ 29th transaction in California.

M&A Deal Summary

Date 2020-10-30
Target MyFitnessPal
Sector Internet Software and Services
Buyer(s) Francisco Partners
Sellers(s) Under Armour
Deal Type Divestiture
Deal Value 345M USD

Target

MyFitnessPal

San Francisco, California, United States
website
MyFitnessPal is a mobile app and online resource to help individuals track their living and nutrition information.

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Buyer(S) 1

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 114 of 147
Sector (Internet Software and Services) 15 of 26
Type (Divestiture) 22 of 32
State (California) 29 of 37
Country (United States) 96 of 122
Year (2020) 7 of 8
Size (of disclosed) 12 of 29
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-26 Forcepoint

Austin, Texas, United States

Forcepoint provides global cybersecurity by using behavior-based solutions to adapt risk in real-time and are delivered through a converged security platform that protects network users and cloud access, prevents confidential data from leaving the corporate network, and eliminates breaches caused by insiders. Forcepoint was formed in 1994 and is based in Austin, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-30 CDK Global - International business

Hoffman Estates, Illinois, United States

CDK Global, Inc.'s International business is a provider of automotive retail software solutions. CDKI has operated an independent unit with different products and solutions, customers, and geographies. CDK Global, Inc.'s International business is based in Hoffman Estates, Illinois.

Buy $1.5B

Seller(S) 1

SELLER

Under Armour

Baltimore, Maryland, United States

website


Category Company
Founded 1996
Sector Apparel/Textiles
Employees7,100
Revenue 5.7B USD (2021)
DESCRIPTION
Under Armour's corporate headquarters in Baltimore, Maryland.
Under Armour's corporate headquarters in Baltimore, Maryland.

Under Armour is a designer and producer of performance sports apparel, shoes, as well as sporting goods equipment and accessories. Under Armour was founded in 1996 and is based in Baltimore, Maryland.


DEAL STATS #
Overall 1 of 1
Sector (Internet Software and Services) 1 of 1
Type (Divestiture) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-14 PlayerLayer

Nottingham, United Kingdom

PlayerLayer is a designer and retailer of sports performance clothing. The sales focus to date has been on educational establishments, in particular the ‘top tier’ universities and schools to which the Company supplies premium, personalized and customized technical sports clothing across all disciplines. PlayerLayer was founded in 2009 and is based in Nottingham, United Kingdom.

Buy -