M&A Deal Summary

Francisco Partners and Golden Gate Capital Acquire RedPrairie

On May 1, 2005, private equity firms Francisco Partners and Golden Gate Capital acquired software company RedPrairie from Vestar Capital Partners, Element Partners and Advent International

Acquisition Highlights
  • This is Francisco Partners’ 4th and Golden Gate Capital’s 3rd transaction in the Software sector.
  • This is Francisco Partners’ 13th and Golden Gate Capital’s 14th transaction in the United States.
  • This is Francisco Partners’ 3rd and Golden Gate Capital’s 1st transaction in Georgia.
Investment Fate
  • RedPrairie was sold to a consortium of financial buyers in 2010.
  • RedPrairie merged with another company in 2012.

M&A Deal Summary

Date 2005-05-01
Target RedPrairie
Sector Software
Buyer(s) Francisco Partners
Golden Gate Capital
Sellers(s) Vestar Capital Partners
Element Partners
Advent International
Deal Type Secondary Buyout
Advisor(s) UBS Investment Bank (Financial)
Troutman Pepper Hamilton Sanders (Legal)

Target

RedPrairie

Alpharetta, Georgia, United States
RedPrairie Corp. is a developer and marketer of software for managing warehousing and transportation logistics.

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Buyer(S) 2

Buyer

Francisco Partners

San Francisco, California, United States

Investor Investor Investor Investor Investor


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 15 of 160
Sector: Software M&A 4 of 53
Type: Secondary Buyout M&A Deals 1 of 29
State: Georgia M&A 3 of 9
Country: United States M&A 13 of 134
Year: 2005 M&A 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-04-18 Attachmate

Seattle, Washington, United States

Attachmate Corp. is a provider of advanced software for terminal emulation, legacy modernization, managed file transfer and enterprise fraud management.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-10-20 Smart Modular Technologies

Newark, California, United States

Smart Modular Technologies is a developer and manufacturer of DRAM and Flash-based modules and subsystems for computing, communications, embedded, and defense applications. Smart Modular Technologies was founded in 1988 and is based in Newark, California.

Sell -
Buyer

Golden Gate Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 19.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Golden Gate Capital is a large private equity firm focused on buyout and growth equity investments across a wide variety of industries. The Firm partners with management teams to make equity investments in situations where there is a demonstrable opportunity to significantly enhance a company's value. Sectors of interest include software and IT services, semiconductors, electronics, consumer products and retail, financial services, business services, and media. Prospective transaction types include public-to-privates, corporate extractions, bankruptcy auctions, and recapitalizations. Golden Gate Capital was formed in 2000 and is based in San Francisco, California.


DEAL STATS #
Overall 17 of 112
Sector: Software M&A 3 of 10
Type: Secondary Buyout M&A Deals 1 of 21
State: Georgia M&A 1 of 6
Country: United States M&A 14 of 100
Year: 2005 M&A 4 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-05-01 Micro Focus

Newbury, United Kingdom

Micro Focus is a provider of innovative software that allows companies to dramatically improve the business value of their enterprise applications. Micro Focus Enterprise Application Modernization, Testing and Management software enables customers’ business applications to respond rapidly to market changes and embrace modern architectures with reduced cost and risk. Micro Focus was founded in 1976 and is based in Newbury, the United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-05-16 SignStorey

Fairfield, Connecticut, United States

Founded in 2000 and headquartered in Fairfield, CT, SignStorey is a retail television network solution to be deployed at more than 2,000 supermarkets nationwide. Its retailer partners, including Albertsons, Pathmark and Price Chopper, see value in the company's unique approach to creating an enhanced shopping experience that provides a combination of useful information to the consumer and high-impact advertising messages.

Buy -

Seller(S) 3

SELLER

Vestar Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 11.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Vestar Capital Partners is a private equity firm that targets management buyouts and growth capital investments across North America and Europe in the consumer, business services, and healthcare sectors. The Firm looks to invest $50 to $150 million in transactions valued up to $1 billion. Specific areas of interest include food, apparel, household goods, retail, consumer services, industrial services, information services, manufacturing, distribution, transportation, financial services, media/communications, digital health media, and medical technology. Vestar Capital Partners was formed in 1988 and is based in New York City.


DEAL STATS #
Overall 24 of 67
Sector: Software M&A 1 of 2
Type: Secondary Buyout M&A Deals 6 of 16
State: Georgia M&A 1 of 2
Country: United States M&A 22 of 54
Year: 2005 M&A 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-03-01 Fiorucci

Rome, Italy

Fiorucci is a small pork and cured meats craft workshop, Fiorucci specializing in the production and marketing of cured meats and other branded gastronomic products. Fiorucci was founded in 1850 and is based in Rome, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-07-01 TransMontaigne Partners

Denver, Colorado, United States

TransMontaigne Partners is a provider of terminaling, storage, transportation, and related services to the energy industry. TransMontaigne Partners owns and operates a diversified network of midstream terminals located in strategic markets. TransMontaigne Partners is based in Denver, Colorado.

Sell -
SELLER

Element Partners

Wayne, Pennsylvania, United States

Category Growth Capital Firm
Founded 2005
PE ASSETS 1.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Element Partners is a specialist private equity firm focused on late-stage investments in alternative energy and clean technology companies. Target businesses are at or near profitability with experienced management. Sectors of interest include energy/power, water/environmental controls, chemicals/advanced materials, and manufacturing/industrial. Element Partners was formed in the year 2005 and is based in Radnor, Pennsylvania.


DEAL STATS #
Overall 4 of 25
Sector: Software M&A 1 of 4
Type: Secondary Buyout M&A Deals 2 of 5
State: Georgia M&A 1 of 2
Country: United States M&A 4 of 22
Year: 2005 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-11-24 Ionics

Burlington, Massachusetts, United States

Ionics, Inc. is a designer, installer of water and wastewater treatment systems for power utilities and other industrial customers.

Sell $1.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-08-01 DYMEC

North Andover, Massachusetts, United States

DYMEC, Inc. is a designer and manufacturer of hardened industrial networking solutions. Its product lines include routing/switching, LAN/VLAN connectivity, hardened computers, protocol mediation, and serial-fiber optic media conversion.

Sell -
SELLER

Advent International

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 91.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Advent is a global private equity firm that targets investments in North America, Europe, Asia, and Latin America. Advent's emerging market efforts are concentrated in Central Europe and Latin America. Advent seeks transactions valued between $50 million and $5 billion and can commit up to $2 billion of equity capital per investment. Broad areas of interest include business & financial services, retail & consumer, technology, media, & telecoms, healthcare & life sciences, and industrial. Prospective transaction types include buyouts, growth capital financings, take privates, and recapitalizations. Advent was formed in 1984 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 60 of 235
Sector: Software M&A 3 of 10
Type: Secondary Buyout M&A Deals 9 of 61
State: Georgia M&A 3 of 5
Country: United States M&A 33 of 85
Year: 2005 M&A 5 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-04-26 Aviagen Group

Newbridge, United Kingdom

Aviagen Group Ltd. provides breeder of poultry stock for meat production and operates production facilities across the globe.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-05-03 Fat Face

Havant, United Kingdom

Fat Face retails premium men's, women's and children's clothing and accessories, created by its own in-house design team. Fat Face was founded in 1988 and is based in Havant, United Kingdom.

Buy £110M