Francisco Partners, a global investment firm that specializes in partnering with technology businesses, completed several key strategic hires.
8×8, an integrated cloud communications platform provider, entered into a $250 million senior secured term loan facility in a transaction led by Francisco Partners. Wilmington Savings Fund Society will serve as administrative agent, with certain affiliates of Francisco Partners as lenders.
Betterment secured $160 million in growth capital comprised of a $60 million Series F equity round and a $100 million credit facility. ORIX’s growth capital group acted as lead arranger and agent for the credit facility.
Spire Global, a global provider of space-based data and analytics, signed a growth financing deal consisting of a $70 million convertible term loan with Francisco Partners, a global investment firm that specializes in partnering with technology businesses.
Credit Suisse provided debt financing for investment firm Francisco Partners in its acquisition of Forcepoint, a cybersecurity solutions provider, from Raytheon Technologies.
Francisco Partners closed on FP Credit Partners, a $750 million opportunistic credit fund focused on the technology credit market.
An investor group led by Francisco Partners agreed to acquire Verifone for approximately $3.4 billion, including Verifone’s net debt. Credit Suisse, Barclays and Royal Bank of Canada will provide debt financing to support the transaction.
Barings served as joint lead arranger and joint lead bookrunner for a senior secured credit facility to support Francisco Partners in its acquisition of Comodo CA from parent Comodo Group.