Background

  • Francisco Partners is a leading global technology-focused private equity firm, with more than USD 40BN in assets under management
  • Veson Nautical (Veson) is a global leader in maritime freight software - delivering chartering, operations, financial, and analytics solutions to the bulk shipping industry in 60+ countries
  • DC Advisory (DC) and Francisco Partners have worked together strategically over the last 18 months to identify opportunities in the maritime technology sector, an area of keen interest for both firms

Process

  • Francisco Partners engaged DC to assist with the evaluation and preparation of materials for a potential investment in Veson due to its deep expertise in the transportation, logistics and supply chain technology sector (particularly maritime technology) and proven track record in buy-side engagements
  • DC provided Francisco Partners with strategic insights regarding the M&A landscape, investment considerations, and growth opportunities for Veson
  • DC also provided support on valuation considerations, competitive landscape, and potential partnerships

Outcome

  • Francisco Partners announced a significant growth investment in Veson on 17 March 2022
  • Existing investors Pamlico Capital and Co-Founder John Veson will both remain significant shareholders
  • The partnership will enable Veson to accelerate its organic growth initiatives, innovate across its product suite, and target additional acquisitions

"Dave Dolan, Eddie Nie, and the DC Advisory team have been great long-term partners for us. We value their deep knowledge and relationships in the Transportation, Logistics and Supply Chain Technology sector when evaluating investments in the space. Their support enabled our team to be better prepared and more efficient. We are delighted by the outcome of our partnership – our investment in Veson Nautical will support the continued expansion of the market leading technology platform for the maritime shipping industry."

Petri Oksanen
Partner, Francisco Partners