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.