M&A Deal Summary

GI Partners Acquires Sectigo

On September 16, 2020, private equity firm GI Partners acquired information technology company Sectigo from Francisco Partners

Acquisition Highlights
  • This is GI Partners’ 11th transaction in the Information Technology sector.
  • This is GI Partners’ 35th transaction in the United States.
  • This is GI Partners’ 1st transaction in Arizona.

M&A Deal Summary
Date 2020-09-16
Target Sectigo
Sector Information Technology
Buyer(s) GI Partners
Sellers(s) Francisco Partners
Deal Type Secondary Buyout

Target

Sectigo

Scottsdale, Arizona, United States
Sectigo is a cybersecurity provider of digital identity solutions, including TLS/SSL certificates, DevOps, IoT, and enterprise-grade PKI management, as well as multi-layered web security. Sectigo partners with organizations of all sizes to deliver automated public and private PKI solutions for securing webservers, user access, connected devices, and applications. Sectigo was founded in 2017 and is based in Scottsdale, Arizona.

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Buyer(S) 1

Buyer

GI Partners

San Francisco, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2001
PE ASSETS 42.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

GI Partners (Global Innovation Partners) is a private equity firm focused on control oriented investments in asset-backed businesses and properties located throughout North America and Western Europe. GI looks to invest up to $1500 million in companies generating predictable, recurring cash flows; underperforming businesses with intrinsic value; and direct asset investments with operational complexity. Sectors of interest include energy, education, healthcare services, leisure, retail, logistics, media, entertainment, financial services, technology, and telecommunications. GI Partners was formed in 2001 and has offices in San Francisco, Greenwich, and Chicago.

DEAL STATS #
Overall 46 of 59
Sector (Information Technology) 11 of 15
Type (Secondary Buyout) 18 of 22
State (Arizona) 1 of 1
Country (United States) 35 of 47
Year (2020) 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-04 Clinical Ink

Horsham, Pennsylvania, United States

Clinical Ink is a clinical technology company that offers data certainty from source to submission. The company's Lumenis eSource clinical technology and configurable direct data capture, eCOA, ePRO, and eConsent modules a suite of solutions for capturing and integrating electronic data from sites, clinicians, and patients at its source naturally enhances clinical trial workflow by reducing manual labor, providing anytime, anywhere data access, and saving resources as trials progress. Clinical Ink was founded in 2007 and is based in Horsham, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-19 Bluepeak

Sioux Falls, South Dakota, United States

Bluepeak is a broadband/cable company providing high-speed internet, television, and digital telephone services for residential and business customers in South Dakota and southwestern Minnesota. Bluepeak was founded in 2014 and is based in Sioux Falls, South Dakota.

Buy -

Seller(S) 1

SELLER

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 64 of 81
Sector (Information Technology) 11 of 15
Type (Secondary Buyout) 16 of 22
State (Arizona) 2 of 2
Country (United States) 51 of 67
Year (2020) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-12 eSolutions

Olathe, Kansas, United States

eSolutions, Inc. is a provider of revenue cycle management software-as-a-service (“SaaS”). The Company’s products assist healthcare providers in automating and enhancing workflow with regard to claims review, editing, and denials/appeals management, as well as eligibility verification and payor connectivity. The Company’s client base is comprised of over 1,100 hospitals, home health and hospice providers, skilled nursing facilities, and durable medical equipment providers.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-23 GoodRx

Santa Monica, California, United States

GoodRx is a source for prescription and healthcare savings. More than 10 million consumers use GoodRx each month to find current prices and discounts on their medications. GoodRx’s real-time market-intelligence platform gathers retail prices and coupons for virtually every pharmacy in America, providing savings of up to 80%. GoodRx was founded in 2011 and is based in Santa Monica, California.

Sell -
Mergr

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