Francisco Partners financing for Accela investment
We advised the lenders on the facilities
Davis Polk advised the lenders in connection with a senior secured financing provided to an affiliate of Francisco Partners in connection with its investment in Accela.
Accela is a trusted provider of cloud solutions at the heart of government operations. The company works with governments across the globe to accelerate their digital transformation, deliver vital services and build stronger communities. The company offers agile, purpose-built solutions and the power of a platform that provides users with a consumer-like experience, shares data across departments and ensures world-class security.
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 over 400 technology companies, making it one of the most active and longstanding investors in the technology industry. With approximately $45 billion in capital raised to date, the firm invests in opportunities where its deep sectoral knowledge and operational expertise can help companies realize their full potential.
The Davis Polk finance team included partner Nicholas A. Palumbo, counsel Zachary R. Frimet and associate Jonathan Morford. Partner Corey M. Goodman and associate Charles Collier provided tax advice. All members of the Davis Polk team are based in the New York office.