SintecMedia in management buyout backed by Francisco Partners

April 27, 2016 12:06 PM

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TEL AVIV Management of Israeli firm SintecMedia backed by private equity firm Francisco Partners have bought the company from Riverwood Capital and other existing shareholders, they said on Wednesday.

The companies did not disclose financial details but Israel's Calcalist financial daily reported last week that the deal would be valued at $400 million. [nL5N17M3BX]

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