Francisco Partners to invest in Ericsson's iconectiv business
· Francisco Partners to invest in iconectiv, an independent subsidiary owned by Ericsson · Francisco Partners will invest USD 200 million to acquire a 16.7% ownership at an implied total valuation of iconectiv of approximately USD 1.20 billion · Partnership will enable further development and growth of iconectiv and drive shareholder value Ericsson (NASDAQ: ERIC) has secured a minority investment in its iconectiv business from Francisco Partners, a leading technology investment firm. iconectiv is a leading partner in the communications industry enabling the interconnection of