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

Calcalist first reported the negotiations Wednesday morning

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.

 

IronSource CEO and Co-founder Tomer Bar Zeev

 

 

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.