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Francisco Partners seeks buyer for Capsilon

Francisco Partners has put Capsilon up for sale, four sources said.

Jefferies is advising on the process, the people said. Capsilon, of San Francisco, provides cloud-based document and data management solutions for the mortgage industry. The company employs 450 people, including more than 200 engineers. Capsilon said its software speeds up loans by automating up to 80 percent of mortgage work.

Sanjeev Malaney, CEO, founded the company in 2001. Nadavon Capital Partners is also an investor, PitchBook said.

Francisco Partners invested in Capsilon in 2016. It’s unclear how much the firm invested. The San Francisco firm closed its fifth flagship on $3.97 billion in 2017. The firm’s fourth fund collected $2.87 billion in 2015.

Francisco Partners, of San Francisco, provides capital to technology companies in sectors including software and services, the Internet, healthcare IT, financial technology/payments and communications.

In August, Francisco participated in Lucidworks’ $100 million round. The firm also agreed to sell ClickSoftware to Salesforce for $1.4 billion. Francisco in July invested in Perforce Software.

Jefferies declined comment. Executives for Francisco, Nadavon and Capsilon could not immediately be reached for comment.

Action Item: See Francisco Partners latest form ADV here

*Milana Vinn contributed to this story