Disposal of Avangate Group to Francisco Partners

Our cross-border team comprising lawyers from the Chicago, London, Boston, LA, New York and Providence offices, successfully represented the sellers (comprising Romanian serial tech entrepreneur Radu Georgescu, 3TS Capital Partners’ CEE technology fund and the management team) in connection with the disposal of the Avangate Group to Francisco Partners. Avangate, an international technology group operating out of Silicon Valley, the Netherlands and Romania, is a lead provider of complete solutions enabling Software, SaaS and Cloud Services companies to manage and increase their online sales. The buyer, Francisco Partners, is a leading global private equity firm focused exclusively on investments in technology and technology-enabled services businesses with over $7 billion of capital raised to date.
Posted on October 1, 2013