Koch Equity Development LLC (KED), the principal investment and acquisition arm of Koch Industries, has announced its plan to acquire iconectiv LLC, a leading telecommunications solutions provider. The deal involves acquiring iconectiv from Ericsson (NASDAQ: ERIC) and Francisco Partners, marking a significant shift in the telecommunications sector. Deal Highlights and Strategic Significance Under the agreement, […]
Synopsys, Inc. (NASDAQ: SNPS) has entered into a definitive agreement to sell its Software Integrity Group to global private equity firms Clearlake Capital Group, L.P. (“Clearlake”) and Francisco Partners. The transaction, valued at up to $2.1 billion, includes a contingent payment of up to $475 million in cash, dependent on the buyer’s achievement of a […]
In a landmark move within the software industry, Jama Software, a leader in requirements management and traceability solutions, has announced a definitive agreement under which Francisco Partners will acquire the company. The transaction, valued at $1.2 billion, will see Jama Software transition from its current shareholders, including Insight Partners and Madrona Ventures, to new ownership […]
Global investment firms Francisco Partners and H.I.G. Capital have teamed up to acquire RBmedia, one of the major audiobook publishers in the world. The acquisition was completed from previous owner KKR, positioning the new ownership to further expand RBmedia’s robust catalog and global distribution network. Key Financials and Advisors in the Acquisition Morgan Stanley & […]
IBM has agreed to divest The Weather Company’s key assets to global tech investment firm Francisco Partners. Though the exact financial details remain undisclosed, this transaction encompasses The Weather Company’s prominent consumer-focused digital platforms, including Weather.com, Weather Underground, Storm Radar, and other pivotal enterprise solutions. The Weather Company, recognized as one of the top 10 […]
Technology investment leaders, Francisco Partners and TPG, have agreed to purchase the renowned observability platform New Relic (NYSE: NEWR) for $87 per share in an all-cash transaction. This purchase values New Relic at an approximate equity valuation of $6.5 billion. Positioned as a frontrunner in the field of observability, New Relic arms engineers with a […]
Computer security software giant Forcepoint announced a definitive agreement to divest its Global Governments and Critical Infrastructure (G2CI) business to alternative asset management firm TPG. The transaction, whose financial details remain undisclosed, will separate the company’s commercial and G2CI entities, making the latter an independent entity. This move aims to give Forcepoint G2CI more flexibility […]
American private equity firm Francisco Partners, through its affiliates, will acquire Sumo Logic, a SaaS analytics platform, in an all-cash transaction valued at around $1.7 billion. Post-closing, Sumo Logic will become a private company and cease to trade on any public market. Sumo Logic anticipates to expand its market opportunity, innovate its solutions, accelerate growth, […]
IBM has signed a deal to divest its healthcare data and analytics assets that are presently part of the Watson Health unit to global investment firm Francisco Partners. The financial terms of the deal were not disclosed. The assets involved in the deal are data sets and products, including Health Insights, Clinical Development, Social Program […]