• 29 Nov 2016

    3i-backed Q Holding to acquire Degania Silicone
    November 28th 2016-  Q Holding announced today that it has entered into an agreement to purchase Degania Silicone Ltd. (“Degania”), a leading international manufacturer of medical catheters. Q Holding is acquiring Degania from Viola Private Equity, Kibbutz Degania Bet and Israel Growth Investors.
    Degania represents a transformative acquisition for Q Holding, creating a market-leading medical device and component manufacturer offering complete flexible technology solutions for healthcare applications. With over $85m in revenue the acquisition more than doubles Q Holding's medical sales. Degania produces critical end products that are used on a daily basis in healthcare settings in applications such as cardiology, general surgery and drug delivery. Degania employs c. 1,700 globally and has R&D and manufacturing facilities in Israel, India, France and Slovakia.
    Degania goes to market through three brands: Degania, a premier developer and manufacturer of medical catheters for global medical device OEMs; Arthesys, a cardiovascular and peripheral vascular catheter designer and manufacturer specializing in catheters for stent delivery; and Biometrix, a manufacturer and provider of catheter-related kits for hospitals and health care distributors. Across these segments Degania partners with a wide base of global medical device OEM customers that are market leaders in their respective product categories.
    Together, Q Holding and Degania will offer an unprecedented suite of development and manufacturing services, material technologies, analytical tools and industry expertise. The combined business will also offer complete product lifecycle management with assembly, packaging and 510K management for customers’ outsourcing needs with a network of operations that can bring the supply chain close to the consumption point.
    In November 2014, 3i invested in Q Holding, an Ohio-based manufacturer of highly-engineered, precision-moulded elastomeric components used in a broad range of healthcare and electrical management applications. With over 1,300 employees, the company has design and manufacturing locations in the US, China, the UK and Mexico, and sells products in over 50 countries. Since 3i’s investment, Q has acquired Silicone Altimex, a leading manufacturer of elastomeric tubing for the medical and biopharmaceutical markets in the UK and continental Europe. With 3i’s support, Q has continued its international expansion into Europe, Asia and Mexico, investing in manufacturing facilities and additional commercial resources in each of those regions.
    Randy Ross, Chief Executive of Q Holding, commented: “We are delighted to have reached this agreement to purchase Degania. The businesses are highly complementary and the acquisition represents a critical milestone in diversifying and internationalizing the business. It will significantly enhance the value we can deliver to our global customer base thanks to Degania’s strong R&D capabilities in Israel and France and state‐of‐the‐art facilities in Israel, France, India and Slovakia.”
    Rami Zajicek, CEO of Degania, added “We are proud of the company that our employees and investors have developed and we see joining forces with Q Holding as the natural next step for Degania to build upon this growth. The alignment of Degania, Q Holding and Qure Medical will benefit customers by providing a greater global network of development and manufacturing resources.”
    Richard Relyea, Managing Director 3i North America, commented: “3i is pleased to support Q Holding in this transformative acquisition of Degania. This combination creates a leader in precision elastomeric medical device components and assemblies and advances our goal of building the premier global supplier of engineered elastomeric products for the high growth healthcare and electrical management markets.”

     

    For further information, contact:
    3i Group plc
    Toby Bates
    Media enquiries
    Tel: +44 20 7975 3032
    Email: toby.bates@3i.com
    Imogen Harvey
    Media enquiries
    Tel: +44 20 7975 3027
    Email: imogen.harvey@3i.com

    About 3i Group
    3i is an investment company with three complementary businesses, Private Equity, Infrastructure and Debt Management, specialising in core investment markets in Northern Europe and North America. For further information, please visit: www.3i.com

     

    About Q Holding
    Q Holding Company is a leading global manufacturer of highly-engineered precision-molded elastomeric components used in a broad range of medical, pharmaceutical and electrical management applications. Q Holding is vertically integrated with in-house Quadra Tooling & Automation, enabling rapid turnaround and the largest selection of proprietary tooling capabilities in the industry. With over 1,300 employees, the company has an international footprint (five manufacturing locations in the U.S., two manufacturing facilities in China and one in the UK and Mexico), selling products in more than 50 countries. Q Holding goes to market in the life sciences as Qure Medical and in electrical management as Quality Synthetic Rubber (QSR). 

     

    About Degania
    Degania is a leading manufacturer of medical catheters serving a global base of medical device OEM customers. Degania specializes in a wide range of intravascular catheters and medical devices in the cardiovascular and vascular, thoracic and general surgery, urology, critical care and operating rooms and enteral feeding markets. Founded in 1984, the Company is headquartered in Israel and has c. 1,700 employees worldwide.
  • 01 Sep 2016

    Behalf Raises $27 Million to Accelerate Growth in US Commercial Payments

    Viola Growth leads Series C financing round; 

    existing investors, Sequoia, Spark, MissionOG and Vintage, participate 

    NEW YORK – August 30, 2016 - Behalf, a commercial payment platform specializing in providing small businesses instant point of sale terms at vendors of their choice, today announced it has raised an additional $27 million in Series C financing. New investor Viola Growth led the round and was joined by previous investors Sequoia Capital, Spark Capital, MissionOG, and Vintage. The funding will help Behalf rapidly scale growth with increased investment in sales, business development and marketing, support continued product innovation, and bolster its position as a service leader in small business purchase financing. 

    Business-to-business sales in the US total trillions of dollars annually. Unlike consumer sales, the majority of these are payments made by COD, Check, or ACH. The low penetration of credit-based transactions and limited access to working capital significantly constrains business purchasing in the small business segment and inhibits economic growth. Behalf solves for this friction between business suppliers and purchasers by offering instant credit approvals at the point of sale, with funds immediately released to settle the transaction. Behalf instantly advances payment to the supplier, then collects the funds from the purchaser’s bank account on a schedule they set. This affordable, on demand access to working capital helps suppliers and their customers do more business. 

    Once approved, SMB customers can use their Behalf line to make purchases at virtually any of their suppliers. For every advance paid to a supplier by Behalf, the customer creates their ideal weekly, monthly, or one-time payment plan. Behalf’s innovative, fully customizable payment schedules give SMBs an unprecedented level of control over how they manage cash flow, with the ability to pay for their business purchases over time, extending up to six months.  

    The company has doubled revenues every six months since inception.

    Harel Beit-On, Viola Growth Founder and General Partner, will join the Behalf Board. Beit-On joins Shmil Levy, Managing Partner of Sequoia Capital; Gene Lockhart, Managing Partner of Mission OG and former CEO of MasterCard; Santo Politi, Founder and General Partner of Spark Capital; Phillip Riese, former President of American Express Consumer Card; and Benjy Feinberg, Co-Founder and CEO of Behalf.

    “Behalf is targeting a fast growing market of SMB payments and credit, valued by analysts in the trillions, that is underserved by banks” said Harel Beit-On. “Led by a strong founding and executive team, Behalf presents an impressive growth rate and high customer retention, by disrupting the way small businesses purchase new goods and services from their vendors of choice with clear affordable terms. We are happy to partner with the Behalf team as they embark on the next phase of growth.” 

    In readying the company to scale, Behalf has strengthened its executive team with a mix of payments industry veterans and proven growth phase operators. Jorgen Bocklage, Founder of 118 118 Money in the UK and former VP of Finance at Dashlane, has been appointed Behalf’s CFO. 

    Brian Kleinberg, a former EVP at American Express who has recently been advising early stage Fintech and e-commerce companies, has joined to lead Strategy. Crystal Eastman, another former American Express Executive who has held positions in the Card area and within the Enterprise Growth Group, signed on as Head of Marketing. Yaniv Shaya, who has held numerous technology leadership roles at HP; Mercury Interactive; and was most recently SVP of Engineering at Imperva, has also joined to lead Engineering and Risk. In the coming 12 months Behalf will be hiring for roles across Sales, Marketing, Account Management, Customer Service, Product, and Engineering in both the New York and Tel Aviv offices.

    “SMBs are the unsung heroes of the US economy, producing nearly half of the US’ goods and services, responsible for two out of every three new jobs created, and generating the majority of innovation in the process. Yet, they are severely constrained by lack of access to working capital and their financial needs are not a focus area for traditional banks,” said Benjy Feinberg, Co-founder and CEO of Behalf. “Behalf has a simple solution, driven by data and technology, that allows us to provide well-priced and flexible credit tools to help SMBs and their suppliers grow profitably. The addition of Viola’s leadership to our team and the growth this round will fund will both help us accelerate our mission.”

    Additional Behalf resources:

    ● Blog: www.behalf.com/blog

    ● Twitter: https://twitter.com/behalfinc

    ● Facebook: https://www.facebook.com/BehalfInc

    ● Linkedin: https://www.linkedin.com/company/behalf

    About Behalf

    Behalf is an alternative financing provider, specializing in working capital credit for small business customers. The Behalf solution provides instant point of sale financing for purchases up to $50,000, pays merchants directly within 1 business day, then allows customers to create a flexible payment schedule on each individual transaction. By solving for the availability of credit, the Behalf solution increases merchant sales and improves cash flow for both the merchant and their customers. Behalf customers can use their purchasing line throughout Behalf’s growing network of integrated partners, as well as at MasterCard accepting businesses. Behalf is headquartered in New York City with an office in Tel Aviv. For more information, visit www.behalf.com.


    About Viola Growth

    Founded in 2008, Viola Growth provides an opportunity for growth stage companies to raise the capital they need to develop and expand. Viola Growth focuses on value creation in its portfolio companies and utilizes its strong management team to accelerate the growth of these companies. By providing direct capital investment, combined with strong leadership support, it propels portfolio companies forward, turning recognized companies into global technology leaders.  The Viola Growth team has vast experience in working with management teams to build organic and non-organic growth plans, scale operations, strengthen management teams and aim to create business partnerships with global leaders. 
Viola Growth is a member of the Viola Group, Israel’s premier technology-focused Private Equity group with over $2.5B under management. For more information visit: www.violape.com



    Media Contacts

    Crystal Eastman

    Head of Marketing, Behalf

    crystal@behalf.com

    646.468.6600


  • 07 Jul 2016

    Viola Group Exit: RRMedia acquisition is completed!
    MX1 Reveals New Company Brand as a World-Leading Media Services Company
    The First Media Globalizer, Created by the Merger of SES Platform Services and RR Media, Will Present Its Full Range of Services at IBC2016

     

    MUNICH, GERMANY and AIRPORT CITY, ISRAEL--(Marketwired - Jul 6, 2016) - Following the leading satellite operator SES's (Euronext Paris and Luxembourg Stock Exchange: SESG) successful completion of the acquisition of RR Media and the latter's merger with SES Platform Services, MX1 is the name of the new merged global media services company. MX1 leverages the capabilities and infrastructure of both companies to offer a full suite of innovative digital video and media services. The world's first media globalizer, MX1 works with leading media businesses to transform content into the ultimate viewer experience for a global audience, amplifying the value of the world's media content.
    Bringing it all together for the first time, MX1 aims to be the new number 1 in Media eXperience. The company provides highly optimised content management and distribution services for premium content, utilising the combined global networks of the merged companies, as well as their cloud technologies, to maximise audience reach over multiple screens and increase monetisation opportunities for customers. These services include a comprehensive range of high-quality video and media solutions delivered over satellite, fibre and the internet.
    MX1 offers full continuity and enhanced services to all of SES PS's and RR Media's existing customers and partners. Together, MX1 distributes more than 1,000 TV channels, manages the playout of 440 channels and delivers syndicated content to more than 120 leading subscription VOD platforms. The new company has 16 offices worldwide and operates six global state-of-the-art media centres, enabling customers to reach billions of people around the world.
    Avi Cohen, former CEO of RR Media and newly-named CEO of MX1, said, "This is an exciting day for us as we introduce a new company to the industry and our new brand name and logo. MX1 enables new richer viewers' experiences, the widest audience reach, and new business models for broadcasters, rights holders, sports organisations and distributors. We deliver these experiences like no one else, with unrivalled expertise, an unmatched range of capabilities, proven flexibility, and an enhanced global presence. This merger allows us to scale-up on a global basis and become the world's leading media services provider, delivering next-generation digital video and media solutions to our worldwide customers. Closer to them, wherever they are, we enable them to optimise their media and deliver it to global audiences like never before."
    "MX1 brings a new kind of business to the market, serving global customers as a complete end-to-end media experience provider. We look forward to presenting our new complete global offering and the management team at IBC Amsterdam in September," continued Cohen.
    MX1 will present its full range of services at IBC2016 at the RAI Amsterdam, 9-13 September (Stand no. 1.B24).
    About MX1
    MX1, a wholly-owned subsidiary of SES (Euronext Paris and Luxembourg Stock Exchange: SESG), is a global leading media services provider. The world's first media globalizer works with leading media businesses to transform content into the ultimate viewer experience for a global audience. With more entertainment, more innovation and more impact, MX1 offers a full range of content management, delivery and value-added digital media services. Together, MX1 distributes more than 1,000 TV channels, manages the playout of 440 channels and delivers syndicated content to more than 120 leading subscription VOD platforms. The new company has 16 offices worldwide and operates six global state-of-the-art media centres, enabling customers to reach billions of people around the world. To find out more, visit www.mx1.com and follow us on Twitter and Facebook.
    CONTACT INFORMATION
    Corporate Contact: 
    Elad Manishviz
    Tel: +972 3 928 0808

    Media Contacts:
    Marilyn Gerber
    Cutler PR (US)
    Tel: +1 917 225 2977
    Email Contact

    Lindsey Lee
    Cutler PR (UK)
    Tel: +44 (0) 7766 447897
    Email Contact
  • 08 Dec 2016

    RT @ViolaCredit: A glimpse to our 2016 Annual Event, enjoy! https://t.co/slUhzTlpxo https://t.co/V3rk4skPHl
  • 01 Dec 2016

    Daniel presenting to the #Unilever delegation to Israel, including global CMO #amazingshowofisrael #violagroup https://t.co/7swM8C6hC7
  • 29 Nov 2016

    RT @PyramidAnalytic: The Top 3 Planning Pain Points in #Healthcare #BigData #Analytics: https://t.co/EeNgXlNtyk https://t.co/7jQQPcZzRd

Our People

About

Viola Growth is an Israeli-based technology growth capital fund, focusing on investing in global companies at expansion phase.

Founded in 2008, Viola Growth provides an opportunity for growth stage companies to raise the capital they need to develop and expand. Viola Growth focuses on value creation in its portfolio companies and utilizes its strong management team to accelerate the growth of these companies. By providing direct capital investment, combined with strong leadership support, it propels portfolio companies forward, turning recognized companies into global technology leaders. The Viola Growth team has vast experience in working with management teams to build organic and non-organic growth plans, scale operations, strengthen management teams and aim to create business partnerships with global leaders. Our team searches for established companies that have strong product differentiation, a potential for leadership, a technological advantage and top-tier management teams. Viola Growth provides substantial equity commitment along with strong leadership to accompany its implementation. The general partners of the fund have led exits both through public offerings on NASDAQ and through significant M&A transactions in the US and Europe. Members of our team are proactively involved in each of our portfolio companies. We have guided many companies to global financial success. We work with our companies to formulate strategy in order to achieve superior returns. Above all, we believe in a culture of transparency, integrity and hard work, both within our fund and within our portfolio companies.

News

Archive

  • 2016 (7)
  • 2015 (14)
  • 2014 (28)
  • 2013 (6)
  • 2012 (1)
  • 2011 (3)
  • 2010 (4)
  • 2009 (2)

Latest News

    • Zend and Microsoft Announce Strategic Partnership for Microsoft Azure

      Focus on Accelerating Developer Cloud Adoption for WordPress, Drupal and PHP Applications 
    • Zend Announces the Future of PHP Frameworks: Zend Framework 3

      New Next-Generation PHP-based Application Framework for Web and Mobile Applications Unveiled
    • Matomy Media Group Reports 2014 Full-Year Financial Results

      Strong operational and financial performance — poised for further growth
    • RR Media Reports Record Revenues of $33.1 Million for the Third Quarter 2014; Up 8.2% Year-Over-Year

      Quarterly Gross and Operating Margins Improve Sequentially; Management Reiterates Full-Year Revenue Guidance
    • Orad and KamaKama deliver on-demand real time video highlights from live sports events in seconds to smart mobile devices

      Orad and KamaKama announced today they have joined forces to provide sports content right holders and broadcasters a cutting edge platform to deliver instant and personalized sports’ clips to their mobile viewers. With the new platform, sports fans will benefit from the ultimate on-the-go viewing experience: exclusive personalized video highlights from live sports events available for immediate viewing on smart mobile devices in real time, based on users’ settings. - See more at: http://www.orad.tv/orad-and-kamakama-deliver-on-demand-real-time-video-highlights#sthash.7IVcfL8g.dpuf
    • France BFMTV relied on Orad’s PowerWall video wall solution for 2014 Municipal Elections

      Orad announced today that BFMTV – France’s leading 24/7 news channel relied on Orad’s PowerWall video wall solution to display linear graphics and videos during 2014 Municipal elections broadcast. The graphics and videos were controlled from Orad’s 3DPlay controller.
    • Zend Broadens Executive Team With President to Support Accelerated Growth

      Stu Schmidt Brings 25+ Years of Leadership Experience and Demonstrated Success in Scaling Global Business Operations.
    • RRsat Enhances Presence in United States to Better Serve Growing

      RRsat America Brings Media Management, Monetization and Global Content
      Distribution Services to the U.S. Market, Opening Opportunities for International
      and U.S. Media Companies Alike
    • Zend announces the availability of Zend Framework 2 Certification

      Zend announces the availability of Zend Framework 2 Certification

       Zend, the PHP Company, has announced the immediate availability of the Zend Framework 2 Certified Architect certification. Zend Framework is the leading open source PHP application framework, utilized in hundreds of thousands of applications globally, and one of the world's most successful projects, providing re-usable code and best practices that developers can use to create modern, high-performing web applications.
      Featuring over 10,000 certified software professionals worldwide, Zend Certifications have become the acknowledged industry standard enabling developers, and software development organizations, to demonstrate mastery of their PHP skills. Zend Certifications are built to American National Standards Institute (ANSI) standards.

      The Zend Framework 2 Certified Architect exam was developed by an expert advisory board led by Zend Framework’s Project Lead, Matthew Weier O'Phinney, and a team of Zend Framework 2 contributors, developer community leaders and engineers with practical experience building real-world applications.
      “We have heard from many developers that studying for, and obtaining, a Zend certification helps developers improve their skills through the process of exam preparation.” said Debbie Otterstetter, Senior manager of Global Training and Certification at Zend, “Taking and studying for these certification exams can really help a developer get a wide understanding of the full range of PHP's & Zend Framework capabilities.”
      Zend has introduced two new certification exams in the last six months, Zend Certified PHP Engineer and Zend Framework Certified Architect. “PHP, driven by its large developer community and vast ecosystem, has become the platform of choice for developing the backend of web and mobile applications, as well as many business critical enterprise apps “said Ido Benmoshe, VP of Global Services at Zend, “Many developers and development managers realize the importance of keeping current with their technical certifications, best practices and modern development techniques”.
      Reservations for the Zend Framework 2 Certified Architect exams are available at the PearsonVUE testing centers starting on March 6th.

      In order to aid developers enhance and master their PHP and Zend Framework skills, Zend has created a complete curriculum of classes expediting the learning process. All classes are designed and taught by professional, experienced PHP developers who understand how to equip you with the knowledge and tools to architect and develop professional PHP and Zend Framework applications. You can find the complete set of classes at: http://www.zend.com/training

      Attend the Webinar: Accelerate Your Career with Zend Certifications
      Wednesday April 9th, 8:30am PDT

       

    • RRSAT Reports Record Revenues of $32.5 Million For the fourth quarter 2013 ; up 10.5% year-over-year

      Record Full-Year Revenues of $121.8 Million, Up 7.4% from Year-Ago Period;
      Record High Next 12-Month Backlog of $92 Million
    • NTV+ picks Orad's graphics for their Sochi Winter Olympic coverage

      NTV+, Russia's digital satellite broadcaster, has chosen Orad to cover the 2014 Sochi Winter Olympic Games. NTV+, the host broadcasters for the Sochi Olympics who have domestic broadcasting rights for the entire event, will be using multiple Orad graphic solutions to facilitate and simplify their production workflow.

    • Zend Announces Enhanced Long-Term Support Policy for PHP

      New Zend Server 6.3, Zend Studio 10.6 Announced, Along With Extended Support for PHP 5.3 and Beyond

    • RRsat Wins a Tender to Broadcast Duna TV, Hungarian Public TV Channel and Radio, to Americas and Australia

      Contract is for $1.2 Million with Potential Expansion to $2.5 Million

    • Matomy Media Group Merges MediaWhiz into global Operations

      Performance media company MediaWhiz will now operate as U.S. hub of global firm Matomy
    • RRSAT delivers live and delayed coverage of 2013 winter universiade events to CBS sports network

      Collaboration with TGVN to Deliver Coverage Reprises Successful Live Broadcast by RRsat of 2013 Summer Universiade

    • RRsat posts $1.1M net income in Q3 2013

       

      Nov 13, 2013 (Menafn - M2 EQUITYBITES via COMTEX) --RRsat Global Communications Network Ltd RRST, a provider of comprehensive digital content management and global content distribution services to the broadcasting industry, on Tuesday reported GAAP net income of USD1.1m, or USD0.06 per diluted share, for the third quarter of 2013, ended 30 September 2013.


    • Viola Private Equity Acquires control of Gaon Holdings

      Viola invested NIS 70 million and became the Company’s largest shareholder (57%).

      Within the framework of the deal, Viola also received options which, when realized, will bring Viola’s holdings in the Company to 68.5%. The realization of the options will inject additional cash into the Company in the future.

    • The Viola Group Acquires 20% of the Israeli company RRsat for $28 Million

      THE INVESTMENT GROUP SIGNED AGREEMENTS TO ACQUIRE PART OF KARDAN COMMUNICATIONS’ AND DAVID RIVEL’S HOLDINGS IN THE COMPANY. THE COMPANY IS TRADED ON NASDAQ AND PROVIDES MANAGEMENT AND CONTENT DISTRIBUTION SERVICES TO MORE THAN 630 TELEVISION AND RADIO STATIONS IN ISRAEL AND ABROAD * BEIT-ON, A FOUNDER OF THE VIOLA GROUP: “THE COMPANY HAS SIGNIFICANT GROWTH POTENTIAL, BOTH ORGANICALLY AND THROUGH THE ACQUISITION OF OTHER COMPANIES
    • Corning Incorporated to Acquire MobileAccess

      Corning Incorporated to Acquire MobileAccess Acquisition to extend wireless technology platform within Corning’s telecommunications segment
    • Viola Private Equity Invests $7 million in Zend Technologies

      Viola Private Equity Invests $7 million in Zend TechnologiesLeads a $16.5 million Investment Round Intended to Fuel Growth of PHP Market Leader
    • Viola Private Equity invests $17 million to acquire 21% of Matomy Media Group (previously Adsmarket)

      Adsmarket, an established internet advertising company, is the third largest company in Europe in this field and employs around 140 people, mainly in Israel. The Company, founded in 2007, recorded sales of $80M in 2010, compared to $7M in 2007.
More

Portfolio

All

FAQ

  • #01

    Fund Size:

    Fund I – $164M
    Fund II - $275 

     

     

  • #02

    Stage of companies:

    Expansion phase
  • #03

    Areas of investment:

    New media, Software, Communications, Cleatech/Agritech, Med-Tech and Technology-Enabled Services
  • #04

    Selection Criteria:

    Technology-oriented

    Scalable management team
    Existing business model with a path to profitability

  • #05

    What else we look for:

    Israeli related companies
    Operating in global markets
    Looking for an unfair advantage in accelerating their growth globally

Contact

Viola Growth
12 Abba Eban Avenue
Ackerstein Towers Bldg. D
Herzeliya 47625 Israel
Tel: +972-9-9720500
Fax: +972-9-9720515
Email: info@violagrowth.com

 

News

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