M&A Deal Summary

Francisco Partners Acquires VeriFone Systems

On April 9, 2018, private equity firm Francisco Partners acquired information technology company VeriFone Systems for 3.4B USD

Acquisition Highlights
  • This is Francisco Partners’ 20th transaction in the Information Technology sector.
  • This is Francisco Partners’ 4th largest (disclosed) transaction.
  • This is Francisco Partners’ 79th transaction in the United States.
  • This is Francisco Partners’ 26th transaction in California.

M&A Deal Summary
Date 2018-04-09
Target VeriFone Systems
Sector Information Technology
Buyer(s) Francisco Partners
Deal Type Going Private
Deal Value 3.4B USD
Advisor(s) Qatalyst Partners (Financial)
Sullivan & Cromwell (Legal)

Target

VeriFone Systems

San Jose, California, United States
Entrance to VeriFone's corporate headquarters in San Jose, California.
Entrance to VeriFone's corporate headquarters in San Jose, California.
VeriFone Systems, Inc. is a provider of secure electronic payment technologies. VeriFone provides solutions, services, and expertise that enable electronic payments. The Company's products and services include mobile, countertop and self-service payment devices, software, and web-based gateways. VeriFone Systems, Inc. is headquartered in San Jose, California.

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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 95 of 149
Sector (Information Technology) 20 of 26
Type (Going Private) 12 of 16
State (California) 26 of 38
Country (United States) 79 of 124
Year (2018) 5 of 9
Size (of disclosed) 4 of 29
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-03 Bomgar

Ridgeland, Mississippi, United States

Bomgar Corp. is a provider of secure access solutions. Bomgar enables customers to quickly access and protect endpoints, defend privileged credentials, and support technology end-users to help businesses fight cyber threats while speeding performance. Bomgar Corp. was founded in 2003 and is based in Ridgeland, Mississippi.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-03 Renaissance

Wisconsin Rapids, Wisconsin, United States

Renaissance is a provider of technology-based school improvement and student assessment programs for pre-kindergarten through to senior high (pre-K-12, aged 5-18) schools and districts. The company's products and services, currently adopted by more than 70,000 schools, are primarily focused on two curriculum areas: reading and mathematics. Renaissance was formed in 1986 and is based in Wisconsin Rapids, Wisconsin.

Buy -
Mergr

Product

Company

Legal