Francisco Partners and Evergreen Coast Capital to Acquire LogMeIn for Approximately $4.3 Billion
San Francisco - Francisco Partners, a leading global private equity firm that specializes in investments in technology and technology-enabled businesses, has entered into a definitive agreement alongside Evergreen Coast Capital, for the acquisition of LogMeIn, a leading provider of cloud-based connectivity, for approximately $4.3 billion enterprise value. Paul Hastings served as lead buy-side counsel and is representing Francisco Partners on the transaction.
“This investment builds on the strength of our infrastructure and security software franchise and we are thrilled to partner with the company to achieve its long-term strategic vision,” noted Dipanjan “DJ” Deb, co-founder and CEO of Francisco Partners.
The Paul Hastings team included M&A partners
The transaction is expected to close in mid-2020, subject to customary closing conditions.
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