M&A Deal Summary

Francisco Partners Acquires Forcepoint

On October 26, 2020, private equity firm Francisco Partners acquired information technology company Forcepoint from Raytheon

Acquisition Highlights
  • This is Francisco Partners’ 24th transaction in the Information Technology sector.
  • This is Francisco Partners’ 95th transaction in the United States.
  • This is Francisco Partners’ 5th transaction in Texas.

M&A Deal Summary
Date 2020-10-26
Target Forcepoint
Sector Information Technology
Buyer(s) Francisco Partners
Sellers(s) Raytheon
Deal Type Divestiture

Target

Forcepoint

Austin, Texas, United States
Forcepoint provides global cybersecurity by using behavior-based solutions to adapt risk in real-time and are delivered through a converged security platform that protects network users and cloud access, prevents confidential data from leaving the corporate network, and eliminates breaches caused by insiders. Forcepoint was formed in 1994 and is based in Austin, Texas.

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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 113 of 149
Sector (Information Technology) 24 of 26
Type (Divestiture) 20 of 32
State (Texas) 5 of 7
Country (United States) 95 of 124
Year (2020) 6 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-01 K2 Workflow

Bellevue, Washington, United States

K2 Software, Inc. is a provider of business application platforms and solutions that empower people to build and run business apps, from the very simple to the highly complex, limited only by their imagination. K2 Software was established in 2000 and is based in Bellevue, Washington.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-30 MyFitnessPal

San Francisco, California, United States

MyFitnessPal is a mobile app and online resource to help individuals track their living and nutrition information.

Buy $345M

Seller(S) 1

SELLER

Raytheon

Waltham, Massachusetts, United States
Category Company
Founded 1922
Sector Defense
Employees61,000
Revenue 27.1B USD (2018)
DESCRIPTION
Raytheon office in Burlington, Massachusetts.
Raytheon office in Burlington, Massachusetts.

Raytheon Company is a technology and innovation leader specializing in defense, security and civil markets throughout the world. Raytheon provides state-of-the-art electronics, mission systems integration and other capabilities in the areas of sensing; effects; and command, control, communications and intelligence systems; as well as a broad range of mission support services. Raytheon was established in 1922 and is based in Waltham, Massachusetts.

DEAL STATS #
Overall 9 of 9
Sector (Information Technology) 2 of 2
Type (Divestiture) 9 of 9
State (Texas) 1 of 1
Country (United States) 9 of 9
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-01 AVOKE Analytics

Cambridge, Massachusetts, United States

AVOKE Analytics is a provider of only whole call analytics solution. AVOKE provides an integrated solution that incorporates the AVOKE Call Browser, analysts, consultants, and training to ensure you get the most from the tool. AVOKE Analytics is based in Cambridge, Massachusetts.

Sell -
Mergr

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