M&A Deal Summary

Francisco Partners Acquires Bomgar

On April 3, 2018, private equity firm Francisco Partners acquired software company Bomgar from Thoma Bravo

Acquisition Highlights
  • This is Francisco Partners’ 37th transaction in the Software sector.
  • This is Francisco Partners’ 80th transaction in the United States.
  • This is Francisco Partners’ 1st transaction in Mississippi.

M&A Deal Summary
Date 2018-04-03
Target Bomgar
Sector Software
Buyer(s) Francisco Partners
Sellers(s) Thoma Bravo
Deal Type Secondary Buyout
Advisor(s) William Blair (Financial)
Kirkland & Ellis (Legal)

Target

Bomgar

Ridgeland, Mississippi, United States
Bomgar Corp. is a provider of secure access solutions. Bomgar enables customers to quickly access and protect endpoints, defend privileged credentials, and support technology end-users to help businesses fight cyber threats while speeding performance. Bomgar Corp. was founded in 2003 and is based in Ridgeland, Mississippi.

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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 96 of 157
Sector (Software) 37 of 54
Type (Secondary Buyout) 12 of 27
State (Mississippi) 1 of 1
Country (United States) 80 of 132
Year (2018) 4 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-28 Landmark Health

Huntington Beach, California, United States

Landmark Health is a risk-bearing provider of in-home healthcare services to high risk, polychronic patients. Landmark Health was founded in 2013 and is based in Huntington Beach, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-09 VeriFone

New York, New York, United States

VeriFone is a provider of secure electronic payment technologies. VeriFone provides solutions, services, and expertise that enable electronic payments. The Company's products and services include mobile, countertop and self-service payment devices, software, and web-based gateways. VeriFone is headquartered in New York, New York.

Buy $3.4B

Seller(S) 1

SELLER

Thoma Bravo

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1980
PE ASSETS 127.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Thoma Bravo is a private equity firm that primarily invests in or acquires US-based middle-market businesses. While Thoma Bravo will consider a variety of transaction situations, including take-privates, buyouts, carve-outs, recapitalizations, and growth equity financings, the Firm has a special interest in tech consolidation opportunities. Target companies generally have a history of profitability with EBITDA of at least $20 million. The Firm's equity commitment size range is $100 to $750 million. Sectors of interest include enterprise and infrastructure software, education, distribution, financial services and consumer goods/services. The Firm will not invest in new inventions or technologies, developmental products or services, start-ups, biotech, motion pictures, distressed businesses, oil/gas, or real estate. Thoma Bravo was formerly known as Thoma Cressey Bravo and before that Golder Thoma & Co. The Firm was originally formed in 1980 and is based in Chicago, Illinois.

DEAL STATS #
Overall 36 of 79
Sector (Software) 17 of 33
Type (Secondary Buyout) 12 of 23
State (Mississippi) 1 of 1
Country (United States) 35 of 73
Year (2018) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-09 Nintex

Bellevue, Washington, United States

Nintex is a provider of intelligent process automation (IPA) with more than 7,500 enterprise clients and 1,700 partners in 90 countries who have built and published millions of workflow applications. With its unmatched breadth of capability and platform support delivered by unique architectural capabilities, Nintex empowers the line of business and IT departments to quickly automate, orchestrate and optimize hundreds of manual processes to progress on the journey to digital transformation. Nintex workflow cloud, the company’s cloud platform, connects with all content repositories, systems of record, and people to consistently fuel successful business outcomes. Nintex was founded in 2006 and is based in Bellevue, Washington.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-16 Circle Cardiovascular Imaging

Calgary, Alberta, Canada

Circle Cardiovascular Imaging develops world-class, advanced reading and reporting solutions for cardiac imaging. Circle CVI is a prominent company in the global cardiac imaging community, bringing together an experienced and dedicated team of over 150 people and offering multi-language support around the globe. Circle Cardiovascular Imaging was founded in 2007 and is based in Calgary, Alberta.

Buy -
Mergr

Product

Company

Legal