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Press Release

Francisco Partners acquires Blancco Technology Group £175m

Wed 6 Dec 2023

Global investment firm Francisco Partners has announced the successful all-cash acquisition of Blancco Technology Group for 223 pence per share, valuing the company at approximately £175 million ($220.3 million).

In its 26 years of existence, Blancco, serving over 2,500 customers in 70 countries, specialises in secure data erasure and mobile lifecycle solutions.

Matt Jones, Chief Executive Officer of Blancco, said: “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.”

The company’s offerings help organisations safeguard end-of-life data from unauthorised access, securely redeploy data storage assets, and adhere to stringent data protection and privacy regulations.

“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.

Following this transaction, Blancco has ceased trading on the London stock market.

Ravi Bhatt, Vice President at Francisco Partners, said: “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.”

The acquisition process was supported by Rothschild & Co and Travers Smith LLP as financial and legal advisers to Blancco, respectively. Francisco Partners was advised by Canaccord Genuity and Ropes & Gray International LLP for financial and legal matters.


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