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M&A Deal Summary

Francisco Partners Acquires Office Ally

On December 20, 2021, private equity firm Francisco Partners acquired software company Office Ally

Acquisition Highlights
  • This is Francisco Partners’ 48th transaction in the Software sector.
  • This is Francisco Partners’ 111th transaction in the United States.
  • This is Francisco Partners’ 7th transaction in Washington.

M&A Deal Summary
Date 2021-12-20
Target Office Ally
Sector Software
Buyer(s) Francisco Partners
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Lazard
Meridian Capital (Financial)
K&L Gates (Legal)

Target

Office Ally

Vancouver, Washington, United States
Office Ally provides software to healthcare providers, independent physician associations (IPAs) and health plans. Its software suite includes electronic claims clearinghouse, practice management, electronic health records and payments. Office Ally’s platform supports both the management of care and facilitates payments between providers, health plans and patients. Office Ally was founded in 2000 and is based in Vancouver, Washington.

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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 135 of 160
Sector: Software M&A 48 of 53
Type: Buyout (LBO, MBO, MBI) M&A Deals 28 of 28
State: Washington M&A 7 of 7
Country: United States M&A 111 of 134
Year: 2021 M&A 18 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-16 Allston Trading

Chicago, Illinois, United States

Allston Trading is a high frequency market maker in over 40 financial exchanges, in 20 countries, and in nearly every conceivable product class. We sit at the intersection of financial strategy and high-technology; this requires us to hire the best and brightest and give them the tools and freedom they need to be successful. Allston Trading was founded in 2002 and is based in Chicago, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-23 Zenefits

San Francisco, California, United States

Zenefits provides technology to help small to large businesses manage their HR processes. Zenefits' software solutions help companies with payroll, benefits, and health insurance. Zenefits was founded in 2013 and is based in San Francisco, California.

Sell -
Mergr

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