M&A Deal Summary

Francisco Partners Acquires MyHeritage

On February 24, 2021, private equity firm Francisco Partners acquired internet software and services company MyHeritage

Acquisition Highlights
  • This is Francisco Partners’ 16th transaction in the Internet Software and Services sector.
  • This is Francisco Partners’ 5th transaction in Israel.

M&A Deal Summary
Date 2021-02-24
Target MyHeritage
Sector Internet Software and Services
Buyer(s) Francisco Partners
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) J.P. Morgan Securities (Financial)
Goldfarb Seligman (Legal)

Target

MyHeritage

Yehuda, Israel
MyHeritage Ltd. is a global discovery platform for exploring family history. With billions of historical records and family tree profiles, and with sophisticated matching technologies that work across all its assets, MyHeritage allows users to discover their past and empower their future. MyHeritage was founded in 2003 and is based in Yehuda, Israel.

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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 117 of 149
Sector (Internet Software and Services) 16 of 28
Type (Buyout (LBO, MBO, MBI)) 27 of 27
Country (Israel) 5 of 6
Year (2021) 2 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-17 Consignor

Oslo, Norway

Consignor is a multi-carrier software platform for shippers enabling them to ship, track, scan, receive, return, and analyze shipments. The company supports large enterprise companies as well as small merchants, including startups, in their delivery management, making it easier, less time-consuming, and cheaper for them to deliver parcels to their customers. Consignor was formed in 1997 and is based in Oslo, Norway.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-01 Drawbridge

Palm Beach Gardens, Florida, United States

Drawbridge is a provider of cybersecurity software and solutions to the financial services industry. Drawbridge was founded in 2018 and is based in Palm Beach Gardens, Florida.

Buy -
Mergr

Product

Company

Legal