M&A Deal Summary

Francisco Partners Acquires 2Checkout

On October 7, 2013, private equity firm Francisco Partners acquired internet software and services company 2Checkout from 3TS Capital Partners

Acquisition Highlights
  • This is Francisco Partners’ 4th transaction in the Internet Software and Services sector.
  • This is Francisco Partners’ 47th transaction in the United States.
  • This is Francisco Partners’ 6th transaction in Georgia.
Investment Fate
  • 2Checkout was sold to a strategic buyer in 2020.

M&A Deal Summary

Date 2013-10-07
Target 2Checkout
Sector Internet Software and Services
Buyer(s) Francisco Partners
Sellers(s) 3TS Capital Partners
Deal Type Secondary Buyout
Advisor(s) Pagemill Partners (Financial)
Edwards Wildman Palmer LLP (Legal)

Target

2Checkout

Alpharetta, Georgia, United States
2Checkout provides a complete commerce solution enabling Software, SaaS and Cloud Services companies to increase their online sales, manage subscription billing, grow their reseller and affiliate distribution networks and reach new global markets. 2Checkout was founded in 2006 and is based in Alpharetta, Georgia.

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Buyer(S) 1

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 59 of 160
Sector: Internet Software and Services M&A 4 of 31
Type: Secondary Buyout M&A Deals 5 of 29
State: Georgia M&A 6 of 9
Country: United States M&A 47 of 134
Year: 2013 M&A 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-28 Paymetric

Roswell, Georgia, United States

Paymetric, Inc. is a provider of SaaS-based enterprise security and integrated payment acceptance solutions. Paymetric automates B2B payment workflows within enterprise systems, including SAP, Oracle, Hybris, Salesforce and more. Paymetric also tokenizes payments data within these systems in order to enable secure storage of customer information and history.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-08 Nextech

Tampa, Florida, United States

Nextech is a fully-integrated, specialty specific, certified EMR, practice management, and marketing software that covers a wide array of specialty practice needs. Nextech was founded in 1997 and is based in Tampa, Florida.

Buy -

Seller(S) 1

SELLER

3TS Capital Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 400M EUR
Size Middle-Market
Type Sector Focused
DESCRIPTION

3TS Capital Partners is a private equity firm that targets buyout and expansion capital investments in Central and Northern Europe. 3TS primarily targets growth tech businesses operating in the communications, internet, media, and technology-enabled services sectors. 3TS typically holds investments for three to five years. 3TS Capital Partners was formed in 1999 and is based in Helsinki, Finland.


DEAL STATS #
Overall 11 of 23
Sector: Internet Software and Services M&A 3 of 7
Type: Secondary Buyout M&A Deals 3 of 6
State: Georgia M&A 1 of 1
Country: United States M&A 3 of 4
Year: 2013 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-29 SolveDirect Service Management

Vienna, Austria

SolveDirect Service Management GmbH is a provider of cloud-delivered software that integrates services management.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-05 Solvoyo

Boston, Massachusetts, United States

Solvoyo is a supply chain optimization software company. Solvoyo is the true enabler of digital transformation. Solvoyo cloud-based SaaS platform uses advanced analytics and artificial intelligence to optimize and automate decision making in supply chain planning. Solvoyo was founded in 2005 and is based in Boston, Massachusetts.

Buy -