Consumer

Francisco Partners Is Said to Mull $1 Billion Sale of MyHeritage

MyHeritage DNA kits.

Photographer: George Frey/Bloomberg

Francisco Partners is considering a sale of MyHeritage, the DNA testing service and genealogy platform, that could fetch about $1 billion, according to people with knowledge of the matter.

The technology-focused investment firm is working with Jefferies Financial Group Inc. to seek prospective buyers for the Israeli company, said the people, who asked not to be identified as the information is private.