Francisco Partners to Acquire Majority Stake in OEConnection

OEConnection Acquires Assured Performance to Broaden OEM Certification

November 3, 2021

Automotive

OEConnection (OEC) has acquired Assured Performance (Assured Performance Network), a California-based provider of OEM collision-repair certification, training and repair-documentation tools. Founder Scott Biggs confirmed the sale and will retire; the acquisition expands OEC’s OEM certification capabilities and complements its recent addition of VeriFacts Automotive as OEC continues to broaden its product mix under Genstar Capital’s ownership.

Francisco Partners Takes Majority Stake in GAINSystems

January 25, 2022

Cloud & SaaS

Francisco Partners has made a majority investment in GAINSystems, becoming the company’s majority shareholder after an initial strategic growth investment in July 2020. The capital and partnership are intended to help GAINSystems scale its cloud-based supply chain planning platform and expand capabilities for its manufacturing, distribution and retail customers.

Francisco Partners Makes Significant Growth Investment in Veson Nautical

March 17, 2022

Cloud & SaaS

Francisco Partners has entered a definitive agreement to make a significant equity investment in Veson Nautical alongside existing investor Pamlico Capital and co-founder John Veson. The growth capital will help Veson accelerate product innovation, organic growth and pursue a targeted acquisition strategy in the maritime freight software market.

Electrical Components International (ECI) Acquires Omni Connection International

May 26, 2021

Manufacturing

Electrical Components International (ECI), a portfolio company of Cerberus Capital Management, acquired Omni Connection International, a wire-harness and connection-systems manufacturer serving tier-one automotive suppliers. The deal adds Omni’s engineering capabilities and global manufacturing footprint (approximately 1,300 employees across the U.S., China, and the Philippines) to ECI to support growth in automotive electronics and ADAS applications.

Falcon's Beyond Acquires Oceaneering Entertainment Systems (OES)

May 15, 2025

Media & Entertainment

Falcon's Beyond Global, Inc. (Nasdaq: FBYD) has acquired Oceaneering Entertainment Systems (OES), a division of Oceaneering International, purchasing OES's patented technologies, proprietary engineering and manufacturing processes and assuming the lease for a 106,000+ sq. ft. facility. Falcon's has hired key OES personnel, obtained an option to purchase certain inventory, and expects the deal to expand Falcon's capabilities and accelerate growth of its Attractions division.

Francisco Partners Acquires CDK Global International (Rebrands as Keyloop)

March 1, 2021

Software

Francisco Partners has completed the acquisition of CDK Global International from CDK Global for $1.45 billion and established the business as an independent company named Keyloop. The transaction creates a standalone, UK-headquartered automotive retail software platform serving dealers and OEMs across EMEA and Asia, and Francisco Partners intends to accelerate product development and pursue growth and add-on acquisitions.