Investment Summary

Francisco Partners Invests In K2 Workflow

On February 18, 2015, private equity firm Francisco Partners invested in software company K2 Workflow

Investment Highlights
  • This is Francisco Partners’ 24th transaction in the Software sector.
  • This is Francisco Partners’ 56th transaction in the United States.
  • This is Francisco Partners’ 4th transaction in Washington.
Investment Fate
  • K2 Workflow was sold to a strategic buyer in 2020.

Investment Summary

Date 2015-02-18
Target K2 Workflow
Sector Software
Investor(s) Francisco Partners
Deal Type Growth Capital
Advisor(s) Jefferies (Financial)
Sheppard Mullin Richter & Hampton (Legal)

Target

K2 Workflow

Bellevue, Washington, United States
K2 Software, Inc. is a provider of business application platforms and solutions that empower people to build and run business apps, from the very simple to the highly complex, limited only by their imagination. K2 Software was established in 2000 and is based in Bellevue, Washington.

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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 69 of 160
Sector: Software M&A 24 of 53
Type: Growth Capital M&A Deals 12 of 37
State: Washington M&A 4 of 7
Country: United States M&A 56 of 134
Year: 2015 M&A 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-12 FrontRange

Pleasanton, California, United States

FrontRange is a provider of software and solutions designed specifically for small-to-medium-enterprise (SME) and distributed enterprise organizations. FrontRange is headquartered in Dublin, California.

Sell -
FOLLOWING 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