March 17, 2018

Israeli Press: Ex Libris Price is $62M

By LJ Staff

Although Ex Libris did not release the financial terms of its pending acquisition by Francisco Partners, the Israel’s Globe reports the price at $62 million. A letter to employees by Ex Libris’s president and CEO, Matti Shem Tov, stated that: "Ex Libris will remain an independent company run by its existing management team. The company’s headquarters will remain in Jerusalem and reporting lines with the subsidiaries, branch offices, and distributors will be carried out in the same manner as today." The communiqué also assures that neither rank-and-file employees nor customers will be affected by the purchase.