Investment Summary

Francisco Partners Invests In Glorious

On November 9, 2022, private equity firm Francisco Partners invested in technology hardware company Glorious

Investment Highlights
  • This is Francisco Partners’ 10th transaction in the Technology Hardware sector.
  • This is Francisco Partners’ 121st transaction in the United States.
  • This is Francisco Partners’ 8th transaction in Texas.

Investment Summary

Date 2022-11-09
Target Glorious
Sector Technology Hardware
Investor(s) Francisco Partners
Deal Type Growth Capital
Advisor(s) Wedbush Securities, Inc. (Financial)
Brown Rudnick (Legal)

Target

Glorious

Austin, Texas, United States
Glorious a lifestyle PC gaming hardware brand specializing in high-performance PC gaming peripherals including mice, custom mechanical keyboards, mouse pads, and other accessories. Glorious was founded in 2014 and is based in Austin, Texas.

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Investor(S) 1

Investor

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 144 of 156
Sector (Technology Hardware) 10 of 10
Type (Growth Capital) 34 of 37
State (Texas) 8 of 8
Country (United States) 121 of 131
Year (2022) 9 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-03 bswift

Chicago, Illinois, United States

bswift offers software and services that streamline benefits, HR and payroll administration for employers and public and private exchanges nationwide. bswift’s state-of-the-art cloud-based technology and outsourcing solutions significantly reduce administrative costs and time-consuming paperwork, making life easier for administrators and millions of consumers who enroll in benefits with bswift. bswift was founded in 2000 and is based in Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-09 Sumo Logic

Redwood City, California, United States

Sumo Logic is an entity which provides a cloud-native software-as-a-service platform that enables organizations of all sizes to address the data challenges and opportunities presented by digital transformation, modern applications, and cloud computing. The Sumo Logic Continuous Intelligence Platform automates the collection, ingestion, and analysis of application, infrastructure, security, and IoT data to derive actionable insights within seconds. More than 2,100 customers around the world rely on Sumo Logic to build, run, and secure their modern applications and cloud infrastructures. Sumo Logic was founded in 2010 and is based in Redwood City, California.

Buy $1.7B