Francisco Partners acquires Blancco

December 5, 2023

FEATURED

Francisco Partners acquires Blancco

Francisco Partners has acquired Blancco Technology Group.

Francisco Partners, a global investment firm that specialises in partnering with technology businesses, has announced the completion of the all-cash acquisition of Blancco Technology Group for 223 pence per share, representing an equity valuation of approximately £175 million. 

As a result of the completion of the transaction, Blancco has ceased trading and is no longer listed on the London stock market. 

With over 2,500 customers served across 70 countries, Blancco is a market leader in secure data erasure and mobile lifecycle solutions. The company’s products allow organisations to protect end-of-life data against unauthorised access, safely redeploy data storage assets, and firmly comply with increased data protection and privacy requirements. 

“Since its founding 26 years ago, Blancco has created and delivered innovative solutions, with a focus on building a world class data eraser and diagnostic software platform,” said Matt Jones, Chief Executive Officer of Blancco. “We are pleased to partner with Francisco Partners, who are committed to continuing to build upon the company’s strong foundation and achieve its full potential. I want to thank each employee for their dedication to Blancco and contributing to our continued success.” 

Francisco Partners impressed with Blancco position

“We have been very impressed with the leading market position that Blancco has established through its best-in-class solutions and are thrilled to partner with Blancco’s management team to drive the next phase of expansion,” said Brian Decker, Partner at Francisco Partners, and Karl Shum, Principal at Francisco Partners. “Sustainability and e-waste reduction are increasing strategic priorities for customers of all sizes globally, and we see tremendous organic and inorganic growth opportunities for Blancco worldwide,” added Ravi Bhatt, Vice President at Francisco Partners. 

Rothschild & Co served as financial adviser and Travers Smith LLP acted as legal adviser to Blancco. Canaccord Genuity served as financial adviser and Ropes & Gray International LLP acted as legal adviser to Francisco Partners. 

More UK Security News.

Read Next

Security Journal UK

Subscribe Now

Subscribe
Apply
£99.99 for each year
No payment items has been selected yet