Sky Fund

Sky Fund Overview

SKY Fund is a mid-market Israeli private equity fund. The Fund aims to achieve substantial capital appreciation and current income, principally by taking advantage of investment opportunities in middle-market Israeli or Israel-related companies. SKY was founded on the premise that the achievement of superior risk-adjusted returns requires the application of both proven management skills and sophisticated financial expertise. The fund's operational, financial and transactional experience along with a thorough understanding of local market dynamics, enable it to achieve attractive high long term returns, with relatively low risk. This know-how is complemented by industry-wide contacts, allowing it to create outstanding deal flow. Sky seeks investment opportunities in promising mid-market companies, where it can achieve significant influence to lead value creation process, as new hands-on owners. The firm believes that its investment, along with its strategic perspective and effective decision making, can be translated into successful expansion, both through organic growth and via M&A, together with improved operational efficiency. SKY Fund currently manage over $800 million in capital in four funds, raised mainly from institutional investors in Israel and abroad.

Latest News

Feb 25, 2024 · www.calcalist.co.il

growth-positive

בנק לאומי נכנס כשותף לזרוע ה־IT של קרן סקיי ומקפיץ את השווי שלה פי 2 | כלכליסט

Leumi Partners, the real estate investment arm of Bank Leumi, is set to acquire a 20% stake in Mind Group, owned by private equity firm SKY, for 55 million shekels ($17 million) at a valuation of 225 million shekels ($70 million) pre-money and 300 million shekels ($93 million) post-money. Concurrently, Mind Group will acquire an 80% controlling stake in IT company Telco for 176 million shekels ($55 million) at a company valuation of 220 million shekels ($68 million). The shares will be purchased from Benzi Haber, who will retain the remaining 20%.

InvestmentAcquisition

Jan 12, 2022 · en.globes.co.il

growth-positive

SKY Israel private equity firm closes $350m fourth fund

SKY, an Israeli private equity firm, has closed its $350 million fourth investment fund, bringing its total assets under management to $800 million across four funds. The firm specializes in investing in mature Israeli companies and actively creating value in them. Most of the investors in the fourth fund are institutional bodies, with some new investors joining. SKYs partners have been working together for many years, and the new fund will continue the investment policy of previous funds. SKY has recently realized successful investments, including the acquisition and sale of Groo and the IPO of iDigital - iCon Group.

Investment

Sep 22, 2019 · www.calcalistech.com

growth-positive

SKY Private Equity Acquires Aztek Technologies

Israel-based private equity firm SKY Private Equity has acquired Aztek Technologies (1984) Ltd. for an undisclosed sum. The acquisition is seen as the first step in implementing Azteks growth and expansion strategy. Aztek offers cloud environment planning and implementation, as well as software license agreement management for enterprise customers. SKY Private Equity sees potential in Azteks cloud business. Aztek, founded in 1984, has an estimated annual revenue in the hundreds of millions of shekels. SKY Private Equity, founded in 2005, focuses on mature Israeli companies and has raised $450 million across three funds.

Acquisition

Jun 5, 2019 · www.calcalistech.com

growth-negative

Sky Fund Looking to Sell Groupon Israel for NIS 100 Million

Israel-based Sky Fund is looking to sell its ownership stake of coupon website Groupon Israel (GROO) for NIS 100 million ($27.7 million). Sky acquired 83% of GROO from international company Groupon in 2017. Groupon entered the Israeli market in 2011 and is profitable with around 5 million page views a month.

Acquisition

Nov 7, 2017 · en.globes.co.il

growth-positive

Sky fund to buy control of AL Filter

Gideon Aloni, one of the founders of AL Filter, announced that he will acquire the 66% holdings in the company from his son and twin brother for NIS 60 million. Private equity fund Sky is expected to provide the financing for the purchase, making them the controlling shareholder in AL Filter. The dispute between the founding family and the sale of the company led to the use of a buy me buy you (BMBY) mechanism, which was ruled valid by an arbitrator. AL Filter specializes in producing filters for the auto industry and has a list of prominent global auto manufacturers as customers. Sky is a prominent private equity fund in Israel.

Acquisition

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Lincoln Street 20, Tel Aviv-Yafo, Israel

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