Francisco Partners Buys Source Photonics In $146 Million Deal

San Francisco-based private equity firm Francisco Partners has agreed to buy Source Photonics, a producer of optical communications components used in telecom systems, in a deal valued at $146 million. The deal will include $113 million in cash and about $33 million in assumed debt. Source Photonics is a business unit of network infrastructure company MRV Communications. MRV has headquarters in Los Angeles and Boston.

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