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’ 51st transaction in the Software sector.
  • This is Francisco Partners’ 112th 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 Ltd.
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 156
Sector (Software) 51 of 54
Type (Buyout (LBO, MBO, MBI)) 28 of 28
State (Washington) 7 of 7
Country (United States) 112 of 131
Year (2021) 17 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-08 NZXT

City of Industry, California, United States

NZXT is dedicated to making PC gaming achievable for all of those with a passion for play. Their first products were computer cases and they have since expanded to include PC cooling solutions, RGB lighting kits, components, power supplies, and their free PC performance monitoring software, NZXT Cam. They have recently expanded to include new categories like Audio featuring the Capsule Microphone and BLD Kit-- an exclusive experience for first-time builders. NZXT also has launched their CRFT line of products, bringing their PC design mindset together with some of entertainment's most popular brands to create limited-edition cases and accessories for gaming enthusiasts. NZXT remains committed to serving the PC gaming community and keeping their needs at the core of who we are. NZXT was formed in 2004 and is based in City of Industry, California.

Buy -
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

Product

Company

Legal