![CVC Completes $430 Million Acquisition of 25%-Plus Stake in IronSource](https://pic1.calcalist.co.il/PicServer3/2017/10/09/762873/1LM.jpg)
CVC Completes $430 Million Acquisition of 25%-Plus Stake in IronSource
The deal, first reported by Calcalist, was signed in last month
Golan Hazani | 17:32, 24.11.19
Private equity firm CVC Capital Partners has completed a $430 million acquisition of a 25.7% stake in web and mobile monetization company IronSource Ltd., according to one person familiar with the matter who spoke to Calcalist on condition of anonymity.
The main sellers were co-founders Tomer Bar Zeev, Eyal Milrad, and Itay Milrad, who together held a 44% stake that has now been diluted to 32%. Israel-based Viola Ventures has seen its stake reduced from 13.5% to 10.1%.
reported
by Calcalist, was signed last month.
Founded in 2009, IronSource is Israel’s largest web company and offers mostly monetization technologies for mobile applications. IronSource is based in Tel Aviv with 13 additional offices in San Francisco, New York, London, and Asia, and has 850 employees, most of them in Israel, and half employed in research and development.
The deal, first CVC, founded in 1981, is one of the world's largest funds, with over $129 billion raised in commitments and around $82 billion in assets under management.
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