Daily News: August 17, 2012

SVB, WFCF Arrange Financing for Francisco Acquisition

Silicon Valley Bank announced it has provided Francisco Partners, a technology-focused private equity firm, with senior debt financing in relation to its recent acquisition and take private of Kewill, a provider of software and services to logistics and supply chain service providers.

Silicon Valley Bank said it acted as the administration agent and co-lead arranger with Wells Fargo Capital Finance.

Phil Cox, head of EMEA and India and president of UK Branch at Silicon Valley Bank, said: “Silicon Valley Bank has been supporting technology companies for nearly 30 years. Our experience and extensive relationships in the technology industry are invaluable as we structure debt and banking solutions globally for our private equity clients such as Francisco Partners. We are pleased to have supported Francisco Partners with this and other important acquisitions throughout our partnership over a number of years.”