Francisco Partners Acquires Software Specialist Consignor in €140 Million Deal
31st July 2020
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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 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.