M&A Deal Summary

Francisco Partners Acquires ClickSoftware Technologies

On April 30, 2015, private equity firm Francisco Partners acquired information technology company ClickSoftware Technologies for 438M USD

Acquisition Highlights
  • This is Francisco Partners’ 16th transaction in the Information Technology sector.
  • This is Francisco Partners’ 12th largest (disclosed) transaction.
  • This is Francisco Partners’ 4th transaction in Israel.
Investment Fate
  • ClickSoftware Technologies was sold to a publicly-traded strategic buyer in 2019 for 1.4B USD.

M&A Deal Summary

Date 2015-04-30
Target ClickSoftware Technologies
Sector Information Technology
Buyer(s) Francisco Partners
Deal Type Going Private
Deal Value 438M USD
Advisor(s) Jefferies (Financial)
Amit, Pollak, Matalon & Co. (APM & Co.) (Legal)

Target

ClickSoftware Technologies

Petah Tikva, Israel
ClickSoftware Technologies Ltd. is a provider of field service management solutions and optimization technology. ClickSoftware arms field service professionals and mobile workers with innovative, AI-driven technologies and real-time schedule and route optimization at scale to improve their efficiency and effectiveness. Founded in 1997, Click is a pioneer in applying complex algorithms and artificial intelligence to workforce management and today helps manage over 1 million field resources around the world in a wide variety of industries including for organizations like Bosch, Deutsche Telekom, Ericsson, and Unisys.

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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 72 of 160
Sector: Information Technology M&A 16 of 30
Type: Going Private M&A Deals 11 of 17
Country: Israel M&A 4 of 5
Year: 2015 M&A 5 of 6
Size (of disclosed) 12 of 31
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-28 HealthcareSource

Woburn, Massachusetts, United States

HealthcareSource is a provider of human-resources software services and solutions to the healthcare industry. The HealthcareSource Quality Talent Suite helps healthcare organizations recruit, develop, and retain the best workforce possible in order to improve the patient and resident experience. The company’s cloud-based talent management solutions include applicant tracking, behavioral assessments, reference checking, employee performance, compensation, competency and learning management, and eLearning courseware. HealthcareSource is based in Woburn, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-08 GoodRx

Santa Monica, California, United States

GoodRx is a source for prescription and healthcare savings. More than 10 million consumers use GoodRx each month to find current prices and discounts on their medications. GoodRx’s real-time market-intelligence platform gathers retail prices and coupons for virtually every pharmacy in America, providing savings of up to 80%. GoodRx was founded in 2011 and is based in Santa Monica, California.

Buy -