M&A Deal Summary

Francisco Partners Acquires LogMeIn

On December 17, 2019, private equity firm Francisco Partners acquired internet software and services company LogMeIn for 4.3B USD

Acquisition Highlights
  • This is Francisco Partners’ 13th transaction in the Internet Software and Services sector.
  • This is Francisco Partners’ 2nd largest (disclosed) transaction.
  • This is Francisco Partners’ 93rd transaction in the United States.
  • This is Francisco Partners’ 8th transaction in Massachusetts.

M&A Deal Summary
Date 2019-12-17
Target LogMeIn
Sector Internet Software and Services
Buyer(s) Francisco Partners
Deal Type Going Private
Deal Value 4.3B USD
Advisor(s) Qatalyst Partners
J.P. Morgan Securities (Financial)
Latham & Watkins (Legal)

Target

LogMeIn

Boston, Massachusetts, United States
LogMeIn, Inc. is a developer and marketer of innovative remote control, productivity, management and security products that serve mobile professionals and system administrators. Its brands include LogMeIn, an on-demand access service, and the RemotelyAnywhere line of software. LogMeIn was established in 2003 and is based in Boston, Massachusetts.

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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 111 of 157
Sector (Internet Software and Services) 13 of 29
Type (Going Private) 13 of 16
State (Massachusetts) 8 of 9
Country (United States) 93 of 132
Year (2019) 9 of 9
Size (of disclosed) 2 of 30
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-06 SourceScrub

San Francisco, California, United States

SourceScrub offers an information services software platform to the financial services industry. The company streamlines research and business development processes by aggregating information from thousands of sources like tradeshows, conferences, award publications, and buyers’ guides. SourceScrub was founded in 2015 and is based in San Francisco, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-02 RedSail Technologies

Spartanburg, South Carolina, United States

RedSail Technologies is a provider of community pharmacy technology, long-term care technology, and public sector software. RedSail Technologies was founded in 2018 and is based in Spartanburg, South Carolina.

Buy -
Mergr

Product

Company

Legal