Francisco Partners News
10 articles
growth-positive
Intel aims to net billions in Altera stake sale, targeting $17 billion valuation | CTech
Intel is in discussions to sell a minority stake in its programmable chips business, Altera, to private equity firms including Silver Lake, Bain Capital, and Francisco Partners. This move is part of Intels strategy to spin Altera out as a separate company and eventually take it public. The sale is expected to conclude by early 2025 and could be valued at several billion dollars. Intel aims to achieve a valuation for Altera similar to the $17 billion it paid in 2015. The transaction is anticipated to provide Intel with a cash boost as it navigates financial challenges and missed opportunities in the AI sector. Alteras revenue grew 14% sequentially, reaching $412 million for the quarter ended September 30.
InvestmentAcquired-byPublic Trading
IBM Agrees to Sell Weather Business
growth-positive
Francisco Partners Announces Completion of Fundraising, Closes on nearly $17 Billion in New Capital | Media | Francisco Partners
Francisco Partners has closed on nearly $17 billion in capital commitments, bringing its total capital available for investment to approximately $23 billion. The investment firm, which focuses on partnering with technology companies, has a history of investing in or acquiring over 400 technology companies. The recent slowdown and correction in technology sector valuations are seen as opportunities for Francisco Partners to partner with companies navigating their course. The fundraising was supported by more than 160 institutional investors from 30 countries. Francisco Partners aims to deploy the capital effectively and continue improving its performance.
Investment
growth-positive
Francisco Partners Announces Final Closing of $2.2 Billion Second Credit Fund | Media | Francisco Partners
Francisco Partners has announced the final closing of FP Credit Partners II, a $2.2 billion opportunistic credit fund focused on the technology market. The fund exceeded its original target of $1.25 billion and will deploy capital to support growth initiatives, M&A activity, business model transitions, and short-term liquidity needs. Francisco Partners has partnered with companies like Zocdoc, Eventbrite, Talentsoft, and Spire Global through its credit platform. The firm believes there is a significant opportunity to support technology growth across various financing needs. The limited partners of Francisco Partners include investors from North and South America, Europe, and Asia. Simpson Thacher & Bartlett served as legal advisor for the fund.
Investment
Francisco Partners Announces Close of $750 Million Credit Fund
growth-positive
Francisco Partners Announces Closing of Nearly $10 Billion in Capital Commitments | Media | Francisco Partners
Francisco Partners has announced the closing of approximately $10 billion in capital commitments across three funds. The funds include an equity fund, an opportunistic credit fund, and an agility fund. The company has a history of investing in or acquiring more than 275 technology companies. The funds were oversubscribed and exceeded their target fund size. Francisco Partners focuses on specific end markets in the technology industry and aims to help management teams and portfolio companies execute operational and strategic transformation.
Investment
growth-positive
Francisco Partners Closes FP V at $3.975 Billion | Media | Francisco Partners
Francisco Partners has closed its largest fund, Francisco Partners V, with a total of $3.975 billion in committed capital. The fund was significantly oversubscribed and was raised in less than six months. With this new fund, Francisco Partners has now raised over $14 billion in capital since its inception 18 years ago. The firm specializes in investing in technology businesses and has deep sub-sector expertise in various technology domains. They work closely with management teams to reposition, reinvigorate, and grow businesses. Recent investments include partnerships with Ericsson, acquisitions of Quest and SonicWALL, and investments in founder-backed technology companies.
Investment
growth-positive
Francisco Partners earns Private Equity Firm of the Year for a stellar 2016 that included buying Dell's software group
Francisco Partners had a successful 2016, highlighted by the purchase of Sintec Media, the sale of Aesynt, and the IPO of Ichor Holdings. The most significant deal was the $2.4 billion purchase of Dell Inc.s software group and the subsequent carve-outs of Quest Software and SonicWall. Dell had spent $4.2 billion to build up its software group through acquisitions, but in 2016, the companys priority was to buy EMC Corp. Francisco Partners, who had previously tried to buy SonicWall and Quest, was able to quickly close the deal due to their knowledge of the assets. Since the acquisition, Francisco Partners has reoriented the software group and made division carve-outs a significant part of their strategy. The firm has continued its dealmaking activity in 2017, recently selling CoverMyMeds to McKesson Corp.
AcquisitionInvestment
Francisco Partners Closes $600 Million Agility Fund
Francisco Partners Closes $2.0 Billion Middle-Market Technology Fund
