Private Equity Firm Software

Francisco Partners

San Francisco, California, United States

Francisco Partners is a leading global investment firm that specializes in partnering with technology and technology-enabled businesses. It invests in software and technology-enabled services companies and provides operational support to help portfolio companies scale.

Focus Areas
Technology, Technology-enabled businesses

Tracked deals

85

85 tracked deals across 2015-2026.

Recent pace

11

11 tracked deals announced in the last 12 months.

Deal mix

Buyout

45 buyout · 26 growth capital · 6 divestiture

Francisco Partners Acquisition Volume by Year

Last 8 years

Acquisition volume by year Annual acquisition counts for the last 8 years for Francisco Partners. 9 2019 11 2020 22 2021 12 2022 8 2023 8 2024 5 2025 ~11 est. 9 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

Showing the 12 most recent of 85 tracked deals for Francisco Partners.

  • Buyer
    Francisco Partners, KKR, Group of investors including KKR
    Target
    TeamSystem
    Seller
    Hellman & Friedman, Existing shareholders (context: Hellman & Friedman majority shareholder; Silver Lake and ADIA are mentioned as existing holders)
    Industry
    Software
    Location
    Italy

    Francisco Partners and KKR have agreed terms to acquire minority stakes in Italian business software company TeamSystem from majority shareholder Hellman & Friedman. The transaction values TeamSystem at between €8 billion and €10 billion and is structured as a “private IPO,” with Hellman & Friedman selling minority shares while transferring remaining exposure to another fund.

  • Buyer
    Francisco Partners, Willow Parent, LLC, Willow Merger Sub, Inc.
    Target
    Weave Communications, Inc.
    Type
    Buyout

    Weave Communications, Inc. agreed to be acquired by Francisco Partners in an all-cash deal valued at approximately $650 million, with shareholders receiving $7.40 per share (about a 34% premium). The transaction is expected to close in Q4 2026, after stockholder and regulatory approvals, at which point Weave will delist from the NYSE and become privately held.

  • Buyer
    Francisco Partners
    Target
    Moneris Solutions Corporation
    Seller
    Bank of Montreal (BMO), Royal Bank of Canada (RBC)
    Location
    Ontario, Canada
    Type
    Buyout

    Francisco Partners entered into a definitive agreement to acquire Moneris Solutions Corporation for approximately C$2.0 billion in cash. The sellers are Bank of Montreal and Royal Bank of Canada, which each receive 50% of the proceeds, and will also enter into long-term exclusive referral arrangements with Moneris following closing.

  • Buyer
    Francisco Partners
    Target
    Command Alkon
    Seller
    Thoma Bravo
    Industry
    Software
    Type
    Buyout

    Francisco Partners agreed to acquire a majority stake in Command Alkon from Thoma Bravo. Heidelberg Materials will retain a significant minority stake as Command Alkon expands its agentic AI and autonomous plant operation capabilities, global scaling, and payments offerings.

  • Buyer
    Francisco Partners
    Target
    Capsa Healthcare
    Seller
    Levine Leichtman Capital Partners
    Type
    Buyout

    Francisco Partners acquired Capsa Healthcare, a manufacturer of medical carts, workstations and supply cabinets, from Levine Leichtman Capital Partners. MidCap Financial led the debt financing package supporting the transaction.

  • Buyer
    Francisco Partners
    Target
    EfficientIP
    Seller
    EfficientIP founders, TempoCap, Jolt Capital
    Industry
    Cybersecurity
    Location
    France
    Type
    Buyout

    Francisco Partners has acquired EfficientIP, a Paris-based provider of DNS, DHCP and IP Address Management (DDI) plus DNS security technology. The deal was acquired from EfficientIP’s founders and minority investors TempoCap and Jolt Capital, with Norman Girard continuing as CEO and the founders reinvesting in the business. Financial terms were not disclosed.

  • Buyer
    Francisco Partners Management, L.P., Apollo Purchaser, Inc.
    Target
    Blackline Safety Corp.
    Seller
    Blackline Safety shareholders (as selling holders in the arrangement), DAK Capital Inc., Lowy Family Group, Cody Slater, Brad Gilewich
    Industry
    IT Services
    Location
    Alberta, Canada
    Type
    Buyout

    Francisco Partners agreed to acquire Blackline Safety Corp. in a cash-and-contingent-value-right deal valuing the equity at about USD 804 million and up to USD 850 million including contingent payments. Under the definitive arrangement agreement, Blackline shareholders will receive $9.00 per share in cash at closing plus a CVR worth up to $0.50 tied to Blackline achieving annualized recurring revenue (ARR) targets by October 31, 2027.

  • Buyer
    Francisco Partners
    Target
    Jamf
    Seller
    Jamf stockholders (voted to approve the transaction), Vista Equity Partners
    Industry
    Software
    Type
    Buyout

    Francisco Partners (FP) completed the take-private acquisition of Jamf in an all-cash deal valued at approximately $2.2 billion, paying $13.05 per share. Jamf shareholders approved the transaction on January 8, 2026, and Jamf’s shares were delisted from NASDAQ upon close so the company can operate as a privately held business.

  • Buyer
    WindRose Health Investors, Francisco Partners
    Target
    Avalon Healthcare Solutions

    WindRose Health Investors has completed a growth investment in Avalon Healthcare Solutions, a Tampa-based diagnostic intelligence and lab benefits management platform. Existing investor Francisco Partners also made an additional investment to support Avalon’s continued product development and scaling for health plan clients.

  • Buyer
    Permira, Warburg Pincus, Temasek, Francisco Partners
    Target
    Clearwater Analytics
    Industry
    Software
    Type
    Buyout

    Clearwater Analytics entered into a definitive agreement to be acquired in an approximately $8.4 billion all-cash take-private transaction led by an investor group featuring Permira and Warburg Pincus, with participation from Temasek and support from Francisco Partners. Clearwater stockholders received $24.55 per share in cash, and the company’s Class A shares were delisted from the New York Stock Exchange after completion.

  • Buyer
    Francisco Partners
    Target
    OEConnection LLC (OEConnection, OEC)
    Seller
    Genstar Capital
    Industry
    Software
    Location
    United States
    Type
    Buyout

    Francisco Partners agreed to acquire a majority stake in OEConnection (OEC) from Genstar Capital. Genstar, along with Ford and General Motors, will retain minority ownership positions, with financial terms not disclosed.

  • Buyer
    Francisco Partners
    Target
    Elite
    Seller
    TPG Capital, Thomson Reuters
    Industry
    Software
    Location
    United States
    Type
    Buyout

    Francisco Partners will acquire Elite, a legal industry software and integrated payments solutions provider, from TPG Capital and Thomson Reuters. The deal is expected to close in the third quarter of 2025, subject to customary closing conditions, and terms were not disclosed.

Related Acquisition Pages

Selling a company? Get in front of buyers like Francisco Partners

Turn tracked acquisition activity into an outreach-ready buyer list.