Francisco Takes EF Johnson Private

Francisco Partners has completed its $1.50 per share acquisition of EF Johnson Technologies (NASDAQ: EFJI) for a total of $40 million. The company manufactures portable radios and other communications gear for the military and public safety workers. Francisco received legal counsel from Shearman & Sterling on the deal, while EF Johnson was advised by Raymond James & Associates, Rigrodsky & Long and Haynes and Boone.