M&A Deal Summary

Francisco Partners Acquires Procera Networks

On April 22, 2015, private equity firm Francisco Partners acquired information technology company Procera Networks for 240M USD

Acquisition Highlights
  • This is Francisco Partners’ 14th transaction in the Information Technology sector.
  • This is Francisco Partners’ 15th largest (disclosed) transaction.
  • This is Francisco Partners’ 54th transaction in the United States.
  • This is Francisco Partners’ 19th transaction in California.

M&A Deal Summary
Date 2015-04-22
Target Procera Networks
Sector Information Technology
Buyer(s) Francisco Partners
Deal Type Going Private
Deal Value 240M USD
Advisor(s) Stifel, Nicolaus & Co., Inc. (Financial)
Paul Hastings (Legal)

Target

Procera Networks

Fremont, California, United States
Procera Networks Inc. is a subscriber experience company, it operators and vendors monitor, manage and monetize their network traffic.

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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 68 of 149
Sector (Information Technology) 14 of 26
Type (Going Private) 10 of 16
State (California) 19 of 38
Country (United States) 54 of 124
Year (2015) 3 of 6
Size (of disclosed) 15 of 29
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-01 City Index

London, United Kingdom

City Index (Holdings) Ltd. is a spread betting and CFD provider, offering competitive spread and margin access on thousands of markets.

Sell $148M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-28 HealthcareSource

Woburn, Massachusetts, United States

HealthcareSource is a provider of human-resources software services and solutions to the healthcare industry. The HealthcareSource Quality Talent Suite helps healthcare organizations recruit, develop, and retain the best workforce possible in order to improve the patient and resident experience. The company’s cloud-based talent management solutions include applicant tracking, behavioral assessments, reference checking, employee performance, compensation, competency and learning management, and eLearning courseware. HealthcareSource is based in Woburn, Massachusetts.

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