M&A Deal Summary

Francisco Partners Acquires Source Photonics

On October 26, 2010, private equity firm Francisco Partners acquired technology hardware company Source Photonics from MRV Communications for 146M USD

Acquisition Highlights
  • This is Francisco Partners’ 7th transaction in the Technology Hardware sector.
  • This is Francisco Partners’ 21st largest (disclosed) transaction.
  • This is Francisco Partners’ 35th transaction in the United States.
  • This is Francisco Partners’ 10th transaction in California.
Investment Fate
  • Source Photonics was sold to a consortium of buyers in 2017.

M&A Deal Summary
Date 2010-10-26
Target Source Photonics
Sector Technology Hardware
Buyer(s) Francisco Partners
Sellers(s) MRV Communications
Deal Type Divestiture
Deal Value 146M USD

Target

Source Photonics

Chatsworth, California, United States
Source Photonics is a provider of optical communication products used in telecommunication systems and data communication networks. Source Photonics designs, manufactures, and sells a broad portfolio of optical communication products, including passive optical network, or PON, subsystems, optical transceivers used in the enterprise, access, and metropolitan segments of the market, as well as other optical components, modules and subsystems. Source Photonics, was founded in 2001 and is based in West Hills, Califrornia.

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Buyer(S) 1

Buyer

Francisco Partners

San Francisco, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1999
PE ASSETS 45.0B USD
Size Mega
Type Sector Focused
DESCRIPTION
Francisco Partners' headquarters in San Francisco, California.
Francisco Partners' headquarters in San Francisco, California.

Francisco Partners is a private equity firm focused exclusively on investments in technology and technology-enabled services. Specific areas of interest include semiconductors, capital equipment, electronics components, systems and manufacturing, IT services and business process outsourcing, communications, security and enterprise applications, and infrastructure software. Prospective investment situations include divisional buyouts, growth equity financings, acquisitions of private companies, sponsored mergers and acquisitions, and take-privates. Francisco Partners looks for opportunities where it can commit a minimum of $100 million per investment. Francisco Partners was formed in 1999 and is based in San Francisco, California.

DEAL STATS #
Overall 44 of 149
Sector (Technology Hardware) 7 of 10
Type (Divestiture) 8 of 32
State (California) 10 of 38
Country (United States) 35 of 124
Year (2010) 5 of 5
Size (of disclosed) 21 of 29
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-10-25 Quantros

Milpitas, California, United States

Quantros is a software and services provider for the healthcare industry in the areas of safety and risk management, quality and performance improvement, accreditation and compliance, real-time surveillance and centralized decision support.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-03 Grass Valley

San Francisco, California, United States

Grass Valley is a provider of full range of products and services supporting many of the world's most high-profile television events, Grass Valley offers the most comprehensive portfolio of flexible and cost-effective digital technologies and systems available.

Buy -

Seller(S) 1

SELLER

MRV Communications

Chatsworth, California, United States
Category Company
Founded 1988
Sector Technology Hardware
Employees268
Revenue 80M USD (2016)
DESCRIPTION

MRV Communications, Inc. is a provider of packet and optical solutions that power the world’s largest networks. MRV products combine innovative hardware with intelligent software to make networks smarter, faster and more efficient.

DEAL STATS #
Overall 1 of 1
Sector (Technology Hardware) 1 of 1
Type (Divestiture) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2010) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-26 Fiberxon

Santa Clara, California, United States

Fiberxon Inc. is focused on the design, manufacturing, and marketing of best-in-class and cost-effective optoelectronic interface modules and solutions for communication systems and networks. Founded in 2000, Fiberxon has its headquarters in Santa Clara, California, and subsidiaries and offices in Tokyo, Beijing, Shanghai, Shenzhen and Chengdu and Macao. Supported by leading venture capital and world-class strategic partners, Fiberxon meets the demands of its customers worldwide with products and services derived from its innovation in technology, product development, and manufacturing processes, as well as its complete quality and reliability assurance systems.

Buy $131M
Mergr

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