24 February 2021

MyHeritage to be purchased by US equity firm

The Times of Israel and businesswire are reporting that US private equity firm Francisco Partners has purchased MyHeritage in a deal valued at over $600 million.

Read the articles at https://www.timesofisrael.com/myheritage-to-be-purchased-by-us-equity-firm-in-reported-600-million-deal/ 
and https://www.businesswire.com/news/home/20210224005905/en/MyHeritage-to-be-Acquired-by-Leading-Private-Equity-Firm-Francisco-Partners

According to Wikipedia "Francisco Partners is an American private equity firm focused exclusively on investments in technology and technology-enabled services businesses.[3] Founded in August 1999 and based in San Francisco and London, Francisco Partners Management L.P.[4] has raised approximately USD $14 billion in committed capital.[5] The firm currently has five active funds[5][6] and roughly 50 current portfolio companies,[7] including Verifone,[8] Renaissance Learning, Bomgar, GoodRx, Quest, BluJay (formerly Kewill),[7] ClickSoftware Technologies,[9] SmartBear Software,[10] and SonicWall.[11]" 


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