Buyout deal of the week: Metrologic

The deal of the week could also be called the “huge exit of the week.” A year and a half after delisting bar-code scanner manufacturer Metrologic Holdings Corp., Francisco Partners has agreed to sell the company to Honeywell International for $720 million in cash. The exit come as tech-focused shop Francisco Partners was preparing this spring to return Metrologic Instruments to the public markets. And then a better exit opportunity came along. Francisco Partners wouldn’t reveal its return on the investment in Metrologic. The San Francisco-based firm led a near $400 million buyout of the company in December 2006, kicking in $128 million in equity, alongside hedge fund Elliott Associates and Metrologic Chairman and then-interim CEO Harry Knowles. —Dan Primack and Jeremy Harrell