Francisco bids farewell to JamesAllen.com for $328M
August 25, 2017
Internet Retail | New York, NY | Corporate Acquisition
Francisco Partners has agreed to sell R2Net—the owner of online jewelry retailer JamesAllen.com and diamond imager Segoma Imaging Technologies—to Signet Jewelers for $328 million in cash. Francisco invested $140 million in R2Net in April at a reported $300 million valuation. Founded in 2006, R2Net also has operations in Frederick, Maryland, and Israel.