M&A Deal Summary

Glu Mobile Acquires Foundation 9 Entertainment

On August 3, 2011, Glu Mobile acquired technology hardware company Foundation 9 Entertainment from Francisco Partners for 28M USD

Acquisition Highlights
  • This is Glu Mobile’s 1st transaction in the Technology Hardware sector.
  • This is Glu Mobile’s 3rd largest (disclosed) transaction.
  • This is Glu Mobile’s 2nd transaction in the United States.
  • This is Glu Mobile’s 1st transaction in California.

M&A Deal Summary

Date 2011-08-03
Target Foundation 9 Entertainment
Sector Technology Hardware
Buyer(s) Glu Mobile
Sellers(s) Francisco Partners
Deal Type Add-on Acquisition
Deal Value 28M USD

Target

Foundation 9 Entertainment

Irvine, California, United States
Foundation 9 Entertainment is a premier developer of interactive entertainment products and properties, and the largest independent games developer in North America.

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Buyer(S) 1

Buyer

Glu Mobile

San Francisco, California, United States

Category Company
Founded 2001
Sector Digital Media
Employees715
Revenue 541M USD (2020)
DESCRIPTION

Glu Mobile is a developer and publisher of action/adventure and casual games for the smartphones and tablet devices users. Glu Mobile was founded in 2001 and is based in San Francisco, California.


DEAL STATS #
Overall 3 of 8
Sector (Technology Hardware) 1 of 1
Type (Add-on Acquisition) 3 of 7
State (California) 1 of 5
Country (United States) 2 of 6
Year (2011) 3 of 3
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-02 Griptonite

Kirkland, Washington, United States

Griptonite is a game developer.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-02 GameSpy Industries

Irvine, California, United States

GameSpy Industries, Inc. is a provider of multiplayer game technology.

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 21 of 81
Sector (Technology Hardware) 6 of 8
Type (Add-on Acquisition) 12 of 49
State (California) 5 of 19
Country (United States) 17 of 67
Year (2011) 3 of 3
Size (of disclosed) 26 of 26
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-09 Mincom Pty

Brisbane, Australia

Mincom Pty Ltd. is a leading global provider of enterprise asset management and resource management software for companies in heavy asset-intensive industries.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-23 eFront SA

Paris, France

eFront SA provides end-to-end solutions dedicated to the financial services industry, specializing in enterprise risk management and alternative investments. eFront was formed in 1999 and is based in Paris.

Buy €68M