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Announced

Completed

Francisco Partners completed the investment in Zenefits.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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United States

Employee Benefits Software

Private Equity

payroll

Acquisition

Domestic

Majority

Single Bidder

Software

Private

Friendly

Completed

Synopsis

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Francisco Partners, a private equity firm, completed the investment in Zenefits, a SaaS company offering a cloud-based human resource information management. Financial terms were not disclosed. The investment would allow Zenefits to capitalize on the $30bn market for human resources software among malls and midsize businesses. Francisco sees momentum in Zenefits transitioning from its original business model to software as a service. The deal comes as Zenefits has come under increasing pressure during Covid-19.

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