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Direct Investment  + Alternative Assets  + Private Equity  |  November 10, 2022
Private Investment Firm Francisco Partners Invests in High-Performance PC Gaming Brand Glorious
Joe Palmisano
By: Joe Palmisano

Francisco Partners Invests in High-Performance PC Gaming Brand Glorious

Francisco Partners, a technology-focused investment firm has made an investment in the Dallas-based high-performance PC gaming peripherals company Glorious.

The transaction closed in October 2022. Financial terms have not been disclosed.

Glorious produces equipment for PC gamers, including mice, custom mechanical keyboards and mouse pads.

Pat Wachendorf is the new CEO, most recently serving as the COO of SteelSeries, a gaming and esports peripherals company. Wachendorf will succeed Shazim Mohammad, Glorious’ founder.

Mohammad will remain a significant shareholder in the company and assume the role of Chief Visionary.

Francisco Partners has invested in over 400 technology companies with approximately $45 billion in assets under management over the past 20 years.

Wedbush Securities served as financial advisor and Brown Rudnick served as legal advisor to Glorious. Kirkland & Ellis LLP served as legal advisor to Francisco Partners.

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Inside The Story

Glorious

About Joe Palmisano

Joe Palmisano is editorial director of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
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