London team advises Canaccord Genuity Limited on Francisco Partners’ £175m offer for Blancco Technology Group plc

Global law firm Norton Rose Fulbright is advising Canaccord Genuity Limited (Canaccord) as financial adviser to White Bidco Limited (Bidco), an entity indirectly owned by funds managed by Francisco Partners (Francisco Partners), on its £175m recommended cash offer for Blancco Technology Group plc (Blancco). Under the terms of the offer, Blancco’s shareholders will receive 223 pence per share in cash.

Blancco is a market leader in secure data erasure and mobile lifecycle solutions. Its core product offering is an array of B2B secure data erasure software provided to enterprises, IT asset disposal vendors (ITAD) and the mobile industry. Blancco’s long-standing position in the market is supported by a network of blue-chip channel partnerships, which include ServiceNow, AWS, Accenture and Tata Consulting. Blancco was founded in 1997, is based in the UK and has 20 offices across 17 countries. With over 2,500 customers served across 70 countries, Blancco employs c.350 employees, performs c.150,000 daily data erasures and owns 40+ patents.

Francisco Partners is a leading global investment firm that specializes in partnering with technology and technology-enabled businesses. Since its launch over 20 years ago, Francisco Partners has invested in more than 400 technology companies, making it one of the most active and longstanding investors in the technology industry. With approximately $45bn in capital raised, the firm invests in opportunities where its deep sectoral knowledge and operational expertise can help companies realise their full potential.

The London-based Norton Rose Fulbright team is being led by Corporate Partners Paul Whitelock and Kit McCarthy, alongside Banking Partner, James Collis, with support from Corporate Associates Adam Worth and Ashleigh Lister and Banking Counsel, Sunny Wong and Ksenia Orlova.