Our firm represented leading global venture capital funds in a USD 200 million divestiture of their portfolio company Hola Networks to EMK Capital Partners LLP
Our firm represented Magma Venture Partners, Horizons Ventures, DFJ Venture Capital, Trilogy Equity, Iris Capital and DFJ Tamir Fishman (collectively, the “Funds“), all leading global venture capital funds, in a USD 200 million divestiture of their portfolio company Hola Networks to EMK Capital Partners LLP, a UK private equity fund.
This fairly complex transaction involved a pre-transaction spin off of some of the existing businesses of Hola Networks to a newly formed company that will be owned by the Funds, a unique structuring and a capital reduction that requires court approval.
The Funds were represented by partners Roy Caner and Viva Gayer and by advocates Amichai Perry and Ayelette Dubitzki from our M&A and High-Tech Department.
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