Investment Summary

Qualcomm Exits Capsule Technologies

On February 11, 2019, private equity firm Francisco Partners invested in information technology company Capsule Technologies from Qualcomm

Investment Highlights
  • This is Francisco Partners’ 24th transaction in the Information Technology sector.
  • This is Francisco Partners’ 84th transaction in the United States.
  • This is Francisco Partners’ 7th transaction in Massachusetts.
Investment Fate
  • Capsule Technologies was sold to a publicly-traded strategic buyer in 2021 for 635M USD.

Investment Summary

Date 2019-02-11
Target Capsule Technologies
Sector Information Technology
Investor(s) Francisco Partners
Sellers(s) Qualcomm
Deal Type Divestiture

Target

Capsule Technologies

Andover, Massachusetts, United States
Capsule Technologies, Inc. is a provider of medical device connectivity solutions for hospitals. Capsule integrates with clinical information systems to capture more data, reduce manual efforts and cost, and improve patient care. Capsule Technologies, Inc. was founded in 1997 and is based in Andover, Massachusetts.

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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 101 of 160
Sector: Information Technology M&A 24 of 30
Type: Divestiture M&A Deals 16 of 31
State: Massachusetts M&A 7 of 10
Country: United States M&A 84 of 134
Year: 2019 M&A 1 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-23 symplr

Houston, Texas, United States

symplr is a healthcare governance, risk, and compliance SaaS platform, offering provider management, credential management, and payer enrollment services to over 1,500 customers representing more than 4,000 healthcare facilities in North America. symplr was founded in 2006 and is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-14 NSO Group

Herzliya, Israel

NSO Group develops technology that helps government intelligence and law enforcement agencies prevent and investigate terrorism and crime to save lives. NSO Group was founded in 2010 and is based in Herzliya, Israel.

Sell -

Seller(S) 1

SELLER

Qualcomm

San Diego, California, United States

Category Company
Founded 1985
Sector Semiconductors
Employees49,000
Revenue 39.0B USD (2024)
DESCRIPTION
Qualcomm's corporate headquarters in San Diego, California.
Qualcomm's corporate headquarters in San Diego, California.

Qualcomm develops and commercializes communication technologies. Qualcomm develops a digital communication technology called CDMA (Code Division Multiple Access) and owns significant intellectual property applicable to products that implement any version of CDMA. Qualcomm develops OFDMA (Orthogonal Frequency Division Multiple Access) technology for which the Company owns intellectual property. Qualcomm also develops and commercializes technologies used in handsets and tablets. In addition to licensing portions of its intellectual property portfolio, Qualcomm produces integrated circuits (also known as chips or chipsets) and system software used in mobile devices and in wireless networks. Qualcomm was formed in 1985 and is based in San Diego, California.


DEAL STATS #
Overall 5 of 5
Sector: Information Technology M&A 1 of 1
Type: Divestiture M&A Deals 5 of 5
State: Massachusetts M&A 1 of 1
Country: United States M&A 4 of 4
Year: 2019 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-11 Qualcomm - Qualcomm Halo

San Diego, California, United States

Qualcomm, Inc. - Qualcomm Halo suite of smart technology and automotive solutions allows car manufacturers to expand their existing accessory package offerings to include advanced onboard features, including connectivity, infotainment, navigation, and driver safety.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-21 Jio

Navi Mumbai, India

Jio is a next-generation technology platform focused on providing affordable digital services across India. Jio was formed in 2019 and is based in Navi Mumbai, Maharashtra.

Buy -