Francisco Partners acquires Consignor Group for NOK 1.5 Billion
Press Releases — Jul 31, 2020
LONDON & OSLO After 23 years of entrepreneurial ownership by founder and CEO Peter Thomsen, Consignor Group has received backing from Francisco Partners.
Consignor Group is a leading Nordic software company with a clear focus on delivery management solutions for the booming e-commerce industry and industrial companies.
“Our customers are amongst the world’s most successful e-commerce and industrial companies, each expecting that Consignor can continue to grow and develop to support them with the complexity of delivery management for their present and future growth aspirations. Our new partner has the in-depth industry insight and financial resources to make that happen. I am so happy to serve our customers with the support from Francisco Partners.“- Says Founder and CEO of Consignor Peter Thomsen.
Peter Thomsen will continue as CEO and a 30% shareholder in Consignor Group.
“Consignor has built a software business with an enviable market position and a strong customer base” commented Petri Oksanen, Partner at Francisco Partners, who will join the Consignor board. “We are excited to support the team as they embark on this next phase of growth with an eye to accelerating Consignor’s development both organically and through acquisitions.”
“We are thrilled to join forces with Peter and his team and firmly believe they are the platform to back in this exciting space” added Mario Razzini, Principal at Francisco Partners, who will also join the Consignor board.
Consignor Group was advised by EY in London and Grette in Oslo. Francisco Partners was advised by Arma Partners in London and Aabø-Evensen in Oslo.
About Consignor Group
Consignor supports their customers delivery processes by making it simpler, quicker, and cost-effective to ship orders to customers and by making delivery a competitive advantage. Consignor has the sole focus on Delivery Management, enabled through holding the world’s largest carrier library, connecting shippers’ websites and warehouses with their customers.
Consignor serves its customers from offices in Oslo, Stockholm, Helsinki, Copenhagen, Aarhus, Bucharest, London, and Atlanta. Employing more than 170 staff, Consignor has grown to be one of the leading providers of delivery management software.
About Francisco Partners
Francisco Partners is a leading global private equity firm that specializes in investments in technology and technology-enabled businesses. Since its launch 20 years ago, Francisco Partners has raised approximately $24 billion in committed capital and invested in more than 300 technology companies, making it one of the most active and longstanding investors in the technology industry. The firm invests in opportunities where its deep sectoral knowledge and operational expertise can help companies realize their full potential.
For more information on Francisco Partners, please visit franciscopartners.com