M&A Deal Summary

The Blackstone Group and Francisco Partners Acquire Dynamo Software

On September 9, 2021, private equity firms The Blackstone Group and Francisco Partners acquired internet software and services company Dynamo Software from Francisco Partners

Acquisition Highlights
  • This is The Blackstone Group’s 15th and Francisco Partners’ 21st transaction in the Internet Software and Services sector.
  • This is The Blackstone Group’s 182nd and Francisco Partners’ 109th transaction in the United States.
  • This is The Blackstone Group’s 8th and Francisco Partners’ 9th transaction in Massachusetts.

M&A Deal Summary

Date 2021-09-09
Target Dynamo Software
Sector Internet Software and Services
Buyer(s) The Blackstone Group
Francisco Partners
Sellers(s) Francisco Partners
Deal Type Secondary Buyout
Advisor(s) Raymond James - Investment Banking (Financial)
Kirkland & Ellis (Legal)

Target

Dynamo Software

Watertown, Massachusetts, United States
Dynamo Software is a premier provider of configurable, cloud-based investment management software for the alternative asset investment industry including fund administrators, endowments, pension funds, foundations, private equity and venture capital funds, real estate investment firms, hedge funds, prime brokers, funds of funds, and family offices. Intuitive and highly configurable, the Dynamo platform has improved the productivity of fundraising, deal, research, investor relationship, and portfolio management teams worldwide. Dynamo Software was formed in 1998 and is based in Watertown, Massachusetts.

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Buyer(S) 2

Buyer

The Blackstone Group

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 131.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Blackstone Group is a global alternative investment management firm. The Firm's investment activities span real estate, secondary investments, hedge funds, credit, infrastructure, and private equity. Blackstone's private equity group targets opportunities globally including buyout acquisitions of established companies, development projects, growth equity financings, and industry consolidations. Sectors of interest include automotive, healthcare, chemicals, industrial, commercial property, lodging, communications, media/publishing, consumer & retail, packaging, consumer products, pharmaceuticals, energy, technology, entertainment, telecommunications, financial services, theme parks, food & beverage, and transportation. Blackstone's private equity real estate group looks for opportunities across North/South America, Asia, Australia/New Zealand, and Europe. The real estate group will consider both equity and debt investments. Areas of interest include healthcare, hotel, industrial, office, residential, and retail. The Blackstone Group was formed in 1987 and is based in New York, New York.


DEAL STATS #
Overall 295 of 339
Sector (Internet Software and Services) 15 of 23
Type (Secondary Buyout) 62 of 81
State (Massachusetts) 8 of 9
Country (United States) 182 of 211
Year (2021) 20 of 27
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-07 Chamberlain Group

Oak Brook, Illinois, United States

Chamberlain Group designs and engineers residential garage door openers, commercial door operators, and gate entry systems. Company products are connected through innovative MyQ technology which empowers users to control or monitor their entry points through smartphone access. Chamberlain Group is based in Oak Brook, Illinois.

Buy $5.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-07 VFS Global

Dubai, United Arab Emirates

VFS Global is an industry pioneer and the global number one provider of visa process outsourcing services for governments and diplomatic missions worldwide. The company also provides passport, consular, and other citizen services to governments. VFS Global was founded in 2001 and is based in Dubai, United Arab Emirates.

Buy -
Buyer

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 132 of 157
Sector (Internet Software and Services) 21 of 29
Type (Secondary Buyout) 22 of 27
State (Massachusetts) 9 of 9
Country (United States) 109 of 132
Year (2021) 13 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-01 Follett Software

McHenry, Illinois, United States

Follett Software is a provider of educational materials and technology solutions to K-12 libraries, classrooms, learning centers, and school districts in the United States, and a major supplier to educational institutions worldwide. Follett Software distributes books, reference materials, digital resources, ebooks, and audiovisual materials, as well as pre-owned textbooks. Follett Software was founded in 1985 and is based in McHenry, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-10 RugsUSA

Cranbury, New York, United States

RugsUSA helps customers turn their houses into homes, offering a stunning array of rug styles, materials, and sizes to suit every design need and budget. With an expansive selection of rugs and home décor products, attractive price points, seamless online shopping experience, and best-in-class fulfillment and customer care, the company is an experienced e-commerce pioneer and rug industry leader, with over eight million rugs sold to nearly two million homes. RugsUSA was founded in 1998 and is based in Cranbury, New York.

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 74 of 81
Sector (Internet Software and Services) 8 of 8
Type (Secondary Buyout) 19 of 22
State (Massachusetts) 4 of 4
Country (United States) 60 of 67
Year (2021) 8 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-01 Follett Software

McHenry, Illinois, United States

Follett Software is a provider of educational materials and technology solutions to K-12 libraries, classrooms, learning centers, and school districts in the United States, and a major supplier to educational institutions worldwide. Follett Software distributes books, reference materials, digital resources, ebooks, and audiovisual materials, as well as pre-owned textbooks. Follett Software was founded in 1985 and is based in McHenry, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-10 RugsUSA

Cranbury, New York, United States

RugsUSA helps customers turn their houses into homes, offering a stunning array of rug styles, materials, and sizes to suit every design need and budget. With an expansive selection of rugs and home décor products, attractive price points, seamless online shopping experience, and best-in-class fulfillment and customer care, the company is an experienced e-commerce pioneer and rug industry leader, with over eight million rugs sold to nearly two million homes. RugsUSA was founded in 1998 and is based in Cranbury, New York.

Buy -