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February 10, 2012 06:00 am GMT
Yozma Venture Capital is selling its stake in startup Conduit for a massive return. The story was reported in the Israeli publication Globes, but I've confirmed the details with a source who has knowledge of the deal, and who also identified the buyer (described by Globes only as "a large foreign investment firm that has tens of billions of dollars under management") as private equity firm Silver Lake.Yozma invested $1.5 million for 9 percent ownership of Conduit in 2006. Now it's selling its stake for $250 million. In other words, it's seeing a return that's nearly 200 times the size of the initial investment. According to Globes, the Israeli venture capital industry has never seen a return on that scale.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/5uZzhbA8N2g/
Conduit Joins Billion-Dollar Club As Yozma Sells Stake To Silver Lake
Yozma Venture Capital is selling its stake in startup Conduit for a massive return. The story was reported in the Israeli publication Globes, but I've confirmed the details with a source who has knowledge of the deal, and who also identified the buyer (described by Globes only as "a large foreign investment firm that has tens of billions of dollars under management") as private equity firm Silver Lake.Yozma invested $1.5 million for 9 percent ownership of Conduit in 2006. Now it's selling its stake for $250 million. In other words, it's seeing a return that's nearly 200 times the size of the initial investment. According to Globes, the Israeli venture capital industry has never seen a return on that scale.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/5uZzhbA8N2g/
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