Asia-IO, Redview buy Source Photonics from US GP
Asia-IO Advisors – a PE firm set up by Denis Tse, formerly of Lockheed Martin Investment Management, and Michael Prahl, a professor at business school INSEAD – has teamed up with New Horizon Capital spin-out Redview Capital to buy US communications technology company Source Photonics.
AVCJ understands the deal is worth $300-400 million. The seller is Francisco Partners, which bought Source Photonics in 2010 through a carve-out from MRV Communications. The $146 million investment comprised...
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