M&A Deal Summary

Francisco Partners Acquires RedSail Technologies

On March 2, 2020, private equity firm Francisco Partners acquired software company RedSail Technologies from J M SMITH CORP.

Acquisition Highlights
  • This is Francisco Partners’ 40th transaction in the Software sector.
  • This is Francisco Partners’ 92nd transaction in the United States.
  • This is Francisco Partners’ 2nd transaction in South Carolina.

M&A Deal Summary

Date 2020-03-02
Target RedSail Technologies
Sector Software
Buyer(s) Francisco Partners
Sellers(s) J M SMITH CORP.
Deal Type Divestiture

Target

RedSail Technologies

Spartanburg, South Carolina, United States
RedSail Technologies is a provider of community pharmacy technology, long-term care technology, and public sector software. RedSail Technologies was founded in 2018 and is based in Spartanburg, South Carolina.

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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 110 of 160
Sector: Software M&A 40 of 53
Type: Divestiture M&A Deals 18 of 31
State: South Carolina M&A 2 of 2
Country: United States M&A 92 of 134
Year: 2020 M&A 1 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-17 GoTo

Boston, Massachusetts, United States

GoTo is a developer and marketer of innovative remote control, productivity, management and security products that serve mobile professionals and system administrators. GoTo was established in 2003 and is based in Boston, Massachusetts.

Buy $4.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-11 Eventbrite

San Francisco, California, United States

Eventbrite is an online ticket platform for live experiences that allows people to find and create events. Organisers use Eventbrite to boost ticket sales, promote and manage events, handle onsite operations, and analyse results across multiple sales channels. Eventbrite was founded in 2008 and is based in San Francisco, California.

Buy -

Seller(S) 1

SELLER

J M SMITH CORP.

Spartanburg, South Carolina, United States

Category Company
Founded 1943
Sector Healthcare Services
DESCRIPTION

J M Smith Corporation is a wholesale distribution of drugs to independent pharmacies. J M Smith Corporation is focused in the areas of healthcare and technology.


DEAL STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: South Carolina M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-05-01 RxMedic Systems

Raleigh, North Carolina, United States

RxMedic Systems, Inc. is a manufacturer of automated dispensing systems for pharmacies.

Buy -