Announced

CVC to acquire a minority stake in ironSource for $400m.

Synopsis

CVC Capital Partners, a private equity firm, is set to acquire a minority stake in ironSource, a mobile marketing company, for $400m. The partnership reflects a shared long-term vision to further strengthen ironSource's position as a global market leader in the high-growth mobile advertising and mobile gaming technology markets and will serve to accelerate strategic growth. "We are delighted to be partnering with such an innovative and exciting technology business. The investment in ironSource is a unique opportunity to support a well-respected founder-led organization to accelerate its growth. We look forward to working with Tomer Bar Zeev and his team to take the company to the next level." Daniel Pindur, CVC Partner.

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