Francisco Partners – Capsa Healthcare

Francisco Partners Management, LP (**Francisco Partners**) is a global investment firm specialising in technology and technology-enabled businesses, headquartered in San Francisco, United States with offices in New York and London. Francisco Partners has several portfolio companies that operate across multiple sectors, including in Australia. CSHC Buyerco, LLC (together with its connected entities, **Capsa Healthcare**) manufactures and supplies healthcare equipment and technology-enabled point-of-care hardware, including mobile medication carts, pharmacy automation hardware, clinical workstations, and medical supply chain software. Capsa Healthcare does not have a physical presence in Australia but does generate a proportion of its global revenue from supply to Australian customers. Pursuant to a share sale agreement and as described in the transaction documents provided as part of the application, the funds advised by Francisco Partners which are currently controlled by the acquiring vehicles will acquire 100% control and ownership of Capsa Healthcare.

Status
Assessment completed
ACCC determination
Approved
Stage
Waiver application
Notified
30 March 2026
Determination published
2 April 2026

Acquirers

  • Catalyst Blocker Merger Sub I, LLC
  • Catalyst Blocker Merger Sub II, LLC
  • Catalyst Holdco Merger Sub, LLC
  • Catalyst Debt Merger Sub, LLC

Targets

  • CSHC Buyerco, LLC

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