Francisco Partners’ Acquisition of Qualcomm Life, Inc.

Centerview Partners served as financial advisor and DLA Piper LLP served as legal advisor to Qualcomm Incorporated. Kirkland & Ellis LLP served as legal advisor to Francisco Partners. Terms of the transaction were not disclosed.

Francisco Partners (“FP”), a leading technology-focused private equity firm, has acquired Qualcomm Life, Inc. a wholly owned subsidiary of Qualcomm Incorporated that offers end-to-end medical device connectivity across the continuum of care.

Qualcomm Life will be separated from Qualcomm, be renamed as Capsule Technologies, Inc. (“CapsuleTech”), and continue operating its two distinct business segments: Capsule (a leading provider of medical device connectivity solutions for hospitals) and 2net™ (a medical grade mobile connectivity platform).

The Kirkland team was led by transactional partners Austin Pollet (Picture), Sean Kramer and Adam Phillips; technology & IP transactions partners Vladimir Khodosh and Daniel Lewis; transactional associates Michael Allers, Philip Castagnozzi Bush and Michelle Pang; technology & IP transactions associates Preeta Reddy and Amy Rossignol; tax partners Karen Lee and Devin Heckman; and debt finance partners Christopher Kirkham and Brian Ford, and associate Andrea Weintraub.

DLA Piper represented Qualcomm with a team including Jay Rains, David Clark, Randy Socol, Mark Lehberg, Neil Balmert, Bijan Eghbal, Xavier Norlain and Edouard Sarrazin, Stephanie Schindler, Richard Bull and Anthony Taranto.

Involved fees earner: Neil Balmert – DLA Piper; Richard Bull – DLA Piper; David Clark – DLA Piper; Bijan Eghbal – DLA Piper; Mark Lehberg – DLA Piper; Xavier Norlain – DLA Piper; Cameron Jay Rains – DLA Piper; Edouard Sarrazin – DLA Piper; Stéphanie Schindler – DLA Piper; Randy Socol – DLA Piper; Anthony Taranto – Goodwin Procter; Philip Castagnozzi Bush – Kirkland & Ellis; Brian Ford – Kirkland & Ellis; Devin Heckman – Kirkland & Ellis; Vladimir Khodosh – Kirkland & Ellis; Christopher Kirkham – Kirkland & Ellis; Sean Kramer – Kirkland & Ellis; Karen Lee – Kirkland & Ellis; Daniel Lewis – Kirkland & Ellis; Michelle Pang – Kirkland & Ellis; Adam Phillips – Kirkland & Ellis; Austin Pollet – Kirkland & Ellis; Preeta Reddy – Kirkland & Ellis; Amy Rossignol – Kirkland & Ellis; Andrea Weintraub – Kirkland & Ellis; Michael Allers – Vinson & Elkins LLP;

Law Firms: DLA Piper; Goodwin Procter; Kirkland & Ellis; Vinson & Elkins LLP;

Clients: Francisco Partners; Qualcomm Incorporated;

Author: Ambrogio Visconti