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Francisco Partners has acquired Source Photonics, the optical communications components business unit of MRV Communications (OTC Pink Sheets: MRVC). The deal is valued at $146 million, consisting of $113 million in cash and $33 million in assumed debt and certain deductions. Francisco Partners was advised by Shearman & Sterling, while MRV was advised by Oppenheimer & Co. and Latham & Watkins.
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