M&A Deal Summary

Francisco Partners Acquires NexTraq

On December 31, 2009, private equity firm Francisco Partners acquired software company NexTraq

Acquisition Highlights
  • This is Francisco Partners’ 12th transaction in the Software sector.
  • This is Francisco Partners’ 30th transaction in the United States.
  • This is Francisco Partners’ 4th transaction in Georgia.
Investment Fate
  • NexTraq was sold to a strategic buyer in 2013.
  • NexTraq was divested to a consortium of strategic buyers in 2017.

M&A Deal Summary

Date 2009-12-31
Target NexTraq
Sector Software
Buyer(s) Francisco Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

NexTraq

Atlanta, Georgia, United States
NexTraq, Inc. is a provider of mobile resource management solutions in the United States. The company uses web-hosted software-as-a-service solutions in concert with Global Positioning Satellite based hardware to help local fleet managers drive operational efficiencies and reduce costs in their geographically dispersed mobile fleets.

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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 39 of 160
Sector: Software M&A 12 of 53
Type: Buyout (LBO, MBO, MBI) M&A Deals 15 of 28
State: Georgia M&A 4 of 9
Country: United States M&A 30 of 134
Year: 2009 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-12-08 QuadraMed

Reston, Virginia, United States

QuadraMed is a provider of healthcare technologies and services that help turn quality care into positive financial outcomes. QuadraMed provides solutions that streamline processes, ensure compliance and help healthcare professionals deliver quality patient care. QuadraMed is based in Reston, Virginia.

Buy $126M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-02-09 Numonyx BV

Rolle, Switzerland

Numonyx is a leading provider of flash memory, formed through the combination of Intel Corporation’s NOR flash memory business unit and STMicroelectronics’ NOR and NAND business units. Numonyx creates memory solutions that enable many of today’s leading applications: wireless handsets, digital cameras, routers, automotive safety systems, industrial automation and removable storage media. The company is recognized as a leader in flash memory development including next generation Phase Change Memory. Numonyx is headquartered in Rolle, Switzerland.

Sell $1.3B