Francisco Partners Announces Successful Ex Libris Group Exit.
LONDON & SAN FRANCISCO -- Francisco Partners, one of the world's largest technology-focused private equity funds, announced today that it has completed the sale of its portfolio company, Ex Libris Group, to Leeds Equity Partners, a New York-based private equity firm managing the largest private equity fund in the United States focused on investments in the education, training, and related business services and information industries.
"Ex Libris Group was a very successful investment for Francisco Partners. We were pleased to be part of the Company's impressive growth over the last two years," comments Deep Shah, a Principal with Francisco Partners. "The management team did a fantastic job in our acquisition of Endeavor Information Systems in December 2006 and its subsequent merger into the Ex Libris Group. We believe the Company is very well positioned to continue its growth in the future with its strong and comprehensive product base."
"The period of our affiliation with Francisco Partners was one of expansion for Ex Libris on many fronts including product suite, customer base, geographic breadth, and revenue," explains Matti Shem Tov, Ex Libris Group president and CEO. "It was a pleasure having the opportunity to work with the Francisco Partners team and to benefit from their experience."
Merrill Lynch & Co. acted as exclusive financial advisor to Francisco Partners on the transaction.
About Ex Libris
Ex Libris is a leading provider of automation solutions for academic libraries. Offering the only comprehensive product suite for electronic, digital, and print materials, Ex Libris provides efficient, user-friendly products that serve the needs of libraries today and will enable them to transition into the future. Ex Libris maintains an impressive customer base consisting of thousands of sites in more than 70 countries on six continents. For additional information on Ex Libris Group, visit http://www.exlibrisgroup.com.
About Francisco Partners
Francisco Partners is a leading global private equity firm focused exclusively on investments in technology and technology-enabled services businesses. With approximately $5 billion of committed capital, Francisco Partners pursues structured investments in technology companies, targeting investments in private companies, public companies and divisions of public companies, with transaction values ranging from $30 million to $3 billion. For additional information, visit http://www.franciscopartners.com.
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|Date:||Aug 5, 2008|
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