Blackline Safety Take-Private by Francisco Partners

Francisco Partners has agreed to take Blackline Safety Corp private in a deal valued at up to $850m. The offer is $9 per share plus a contingent value right of up to $0.50 per share.

The transaction represents a 34% premium to Blackline’s April 7 closing price on the Toronto Stock Exchange. Blackline’s board unanimously recommended shareholders vote in favor, with interested directors abstaining. Blackline provides wearable devices, personal and area gas monitoring, cloud-connected software, and data analytics, and says it has initiated more than eight million emergency alerts in its lifetime.

In a separate item in the roundup, Agilitas Private Equity agreed to sell Integris Composites, a provider of armour and protection for military and law-enforcement units.