M&A Deal Summary

Francisco Partners Acquires Follett Software

On September 1, 2021, private equity firm Francisco Partners acquired education company Follett Software from Follett

Acquisition Highlights
  • This is Francisco Partners’ 6th transaction in the Education sector.
  • This is Francisco Partners’ 107th transaction in the United States.
  • This is Francisco Partners’ 4th transaction in Illinois.

M&A Deal Summary

Date 2021-09-01
Target Follett Software
Sector Education
Buyer(s) Francisco Partners
Sellers(s) Follett
Deal Type Divestiture

Target

Follett Software

McHenry, Illinois, United States
Follett Software is a provider of educational materials and technology solutions to K-12 libraries, classrooms, learning centers, and school districts in the United States, and a major supplier to educational institutions worldwide. Follett Software distributes books, reference materials, digital resources, ebooks, and audiovisual materials, as well as pre-owned textbooks. Follett Software was founded in 1985 and is based in McHenry, Illinois.

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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 130 of 156
Sector (Education) 6 of 8
Type (Divestiture) 26 of 32
State (Illinois) 4 of 5
Country (United States) 107 of 131
Year (2021) 12 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-23 nShift

Oslo, Norway

nShift is a global provider of cloud delivery management solutions enabling the frictionless shipment and return of almost one billion shipments across 190 countries. nShift’s software is used globally by e-commerce, retail, manufacturing, and 3PL shippers. nShift was established in 2021 and is based in Oslo, Norway.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-09 Dynamo Software

Watertown, Massachusetts, United States

Dynamo Software is a premier provider of configurable, cloud-based investment management software for the alternative asset investment industry including fund administrators, endowments, pension funds, foundations, private equity and venture capital funds, real estate investment firms, hedge funds, prime brokers, funds of funds, and family offices. Intuitive and highly configurable, the Dynamo platform has improved the productivity of fundraising, deal, research, investor relationship, and portfolio management teams worldwide. Dynamo Software was formed in 1998 and is based in Watertown, Massachusetts.

Sell -

Seller(S) 1

SELLER

Follett

Westchester, Illinois, United States

Category Company
Founded 1873
Sector Retail
DESCRIPTION
Follett's corporate headquarters in Westchester, Illinois.
Follett's corporate headquarters in Westchester, Illinois.

Follett is a retailer and provider of educational materials and technology solutions to PreK-12 libraries, classrooms, learning centers and school districts in the United States, and a major supplier to educational institutions worldwide. Follett was formed in 1873 and is based in Westchester, Illinois.


DEAL STATS #
Overall 2 of 2
Sector (Education) 1 of 1
Type (Divestiture) 2 of 2
State (Illinois) 2 of 2
Country (United States) 2 of 2
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-13 NextTier Education

Chicago, Illinois, United States

NextTier Education is a cloud-based software solution that provides counselors, students, and parents with guidance, information, and insight to help students achieve their postsecondary goals and ensure every student has equal access to higher education. NextTier Education is based in Chicago, Illinois.

Buy -