CVC Signs Deal to Acquire 25% of IronSource for $450 Million

Private equity firm CVC Capital Partners and web and mobile monetization company IronSource Ltd. have signed a deal for the latter’s acquisition, according to two people familiar with the matter who spoke to Calcalist on condition of anonymity. CVC will pay $450 million for a 25% stake according to the agreement, valuing the company at $1.55 billion. Top executives from the firm arrived in Israel Monday to complete the deal, the people said.

Calcalist first reported the negotiations Wednesday morning.

Founded in 2009, IronSource is Israel’s largest web company and offers mostly monetization technology for mobile applications. CVC will acquire the stake in a secondary deal from IronSource’s founders and shareholders and become the company’s largest shareholder, though the founders will keep a controlling stake between them. Shareholders are also expected to receive $100 millions-worth of dividends ahead of the completion of the sale.

IronSource is expected to go public in the second half of 2020.

CVC and IronSource confimed Calcalist's report Thursday.