M&A Deal Summary

Francisco Partners Acquires STARLIMS Technologies

On July 7, 2021, private equity firm Francisco Partners acquired information technology company STARLIMS Technologies from Abbott Laboratories

Acquisition Highlights
  • This is Francisco Partners’ 27th transaction in the Information Technology sector.
  • This is Francisco Partners’ 106th transaction in the United States.
  • This is Francisco Partners’ 6th transaction in Florida.

M&A Deal Summary

Date 2021-07-07
Target STARLIMS Technologies
Sector Information Technology
Buyer(s) Francisco Partners
Sellers(s) Abbott Laboratories
Deal Type Divestiture

Target

STARLIMS Technologies

Hollywood, Florida, United States
STARLIMS Technologies is a provider of laboratory information management systems. STARLIMS Technologies was founded in 1986 and is based in Hollywood, Florida.

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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 128 of 156
Sector (Information Technology) 27 of 28
Type (Divestiture) 25 of 32
State (Florida) 6 of 6
Country (United States) 106 of 131
Year (2021) 10 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-07 Availity

Jacksonville, Florida, United States

Availity is a revenue cycle management platform and electronic clearinghouse that connects hospitals and physicians with health plans. Availity’s solutions help healthcare professionals manage the clinical and financial data needed to fuel real-time coordination between providers, health plans, and patients in a growing value-based care environment. Availity was founded in 2001 and is based in Jacksonville, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-20 LiveU

Hackensack, New Jersey, United States

LiveU is the pioneer of a bonded cellular technology-based live video transmission platform, offered to major live broadcast news networks and sports content owners globally. LiveU's technology enables customers to apply innovation and automation to the entire production workflow. LiveU was founded in 2006 and is based in Hackensack, New Jersey.

Sell -

Seller(S) 1

SELLER

Abbott Laboratories

North Chicago, Illinois, United States

Category Company
Founded 1888
Sector Medical Products
Employees114,000
Revenue 40.1B USD (2023)
DESCRIPTION
Entrance to Abbott's corporate campus in Abbott Park, Illinois.
Entrance to Abbott's corporate campus in Abbott Park, Illinois.

Abbott Laboratories is a diversified, global provider of diagnostics, medical devices, nutrition and pharmaceuticals. Abbott Laboratories was incorporated in 1888 and is headquartered in North Chicago, Illinois.


DEAL STATS #
Overall 8 of 8
Sector (Information Technology) 1 of 1
Type (Divestiture) 6 of 6
State (Florida) 1 of 1
Country (United States) 7 of 7
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-16 Cephea Valve Technologies

San Jose, California, United States

Cephea Valve Technologies, Inc. is a medical device company developing a less-invasive heart valve replacement technology for people with mitral valve disease. Cephea Valve Technologies was founded in 2011 and is based in San Jose, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-02 Walk Vascular

Irvine, California, United States

Walk Vascular is a commercial-stage medical device company with a minimally invasive mechanical aspiration thrombectomy system designed to remove peripheral blood clots. Walk Vascular was founded in 2010 and is based in Irvine, California.

Buy -