Israeli technology growth capital and buyout firm Viola Private Equity today announced the closing of the $250 million Viola Private Equity II fund. Fund II may remain open up to $300 million. Viola Private Equity, a member of the Viola Group, invests in growth-stage technology companies across high-growth sectors that include enterprise software, eCommerce, cyber security, FinTech, and healthcare.
Fund II will invest in 10-12 growth-stage companies; investment sizes will range from $20 million to $40 million per company. Viola Private Equity's previous fund invested in 12 companies, out of which three have already been successfully exited: MobileAccess was acquired by Corning Inc. and Amiad Water Systems (AIM:AFS). The third portfolio company, Matomy Media Group (LSE:MTMY), had its successful IPO on the London Stock Exchange last year, and Viola Private Equity already realized a portion of its holdings in the company. Viola Private Equity continues to work with its existing portfolio companies on their growth and success.
Viola Private Equity recently completed the first investment of the new fund, backing GlassesUSA.com, a leading e-Commerce company that sells prescription eyewear to US consumers, offering both branded and private-label eyewear, at very attractive prices.
Fund II received commitments from leading global institutional investors as well as leading family offices, from the US, Asia, Europe and Israel . Viola Private Equity is led by four general partners that bring vast operational and investment experience: Harel Beit-On, Jonathan Kolber, Sami Totah and Ayal Shiran. As in the previous fund, Fund II includes a significant equity investment by Viola's General Partners and affiliates.
Munich Private Equity Partners (MPEP) managing director John Morrison said, “The Israeli tech entrepreneurs and investors have become more focused on building large significant companies. Demand for technology growth capital in Israel is growing and Viola Private Equity is well positioned to fulfil this need and partner with the most promising companies coming out of Israel. We are pleased to continue our successful partnership with the Viola Private Equity team and back them in Fund II.”
Viola Private Equity founder and general partner Harel Beit-On said, “Driving growth and expansion for established technology companies is what we do best in Viola Private Equity. Israel is generating a growing pipeline of growth stage companies and this trend presents remarkable opportunities for us, as value creators. By leveraging the track record of our team members and the Viola Group's ecosystem we aim to turn recognized companies into global tech leaders and accelerate their growth.”
Founded in 2008, Viola Private Equity provides an opportunity for growth stage companies to raise the capital they need to develop and expand. Viola Private Equity, has over $410 million under management, and focuses on value creation in its portfolio companies and utilizes its strong management team to accelerate the growth of these companies.
Viola Private Equity is a member of Israel's Viola Group, which has over $2 billion under management.
Published by Globes [online], Israel business news - www.globes-online.com - on April 15, 2015
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