Shearman & Sterling is advising Francisco Partners in its proposed acquisition of Procera Networks, Inc. in an all-cash transaction valued at approximately $240 million. The transaction is expected to close in June 2015. Upon the completion of the proposed transaction, Procera will become a privately held company.
Procera Networks, Inc., the global Subscriber Experience company, is revolutionizing the way operators and vendors monitor, manage and monetize their network traffic. Francisco Partners is a leading private equity firm focused exclusively on investments in technology and technology-enabled services businesses.