• 26 Apr 2016

    West Pharmaceutical Services, Inc. (NYSE:WST) completed a strategic investment of $8.4 million in NanoPass, a Viola Partners portfolio company
    West Makes Strategic Investment in NanoPass Technologies
    EXTON, Pa., April 25, 2016 -- West Pharmaceutical Services, Inc. (NYSE: WST), a global leader in innovative solutions for injectable drug administration, today announced a strategic investment in NanoPass Technologies Ltd. This investment will provide West with access to NanoPass’ knowledge and expertise in the growing area of intradermal drug delivery, and future collaboration opportunities to bring new products to market. West’s strategic investment will allow Nanopass to advance its clinical development efforts, and support the launch of its microneedle-based device for intradermal delivery of vaccines and drugs.
    “We expect that advances in intradermal drug delivery will be critical to realizing the full potential of some of the pharmaceutical and biotech industry’s latest advancements in vaccine and immunotherapy treatments,” said Eric Resnick, Chief Technology Officer and Vice President, Innovation and Technology, West. “The microneedle technology developed by NanoPass complements our growing portfolio of drug delivery solutions at West, including our own Intradermal Adapter. We believe NanoPass has made great strides in this specialized area of drug delivery and we look forward to our partnership.”
    "We are delighted to enter into this strategic partnership with West, a recognized global leader in the integrated containment and delivery of injectable drugs,” said Dr. Yotam Levin, Chief Executive, NanoPass. “We share a vision of enabling new vaccines, cancer and allergy immunotherapies with our intradermal injection technology, and envision significant synergies in production, marketing and future device developments. We could not have found a more suitable partner with the global reach, capacity and related expertise to grow NanoPass to the next level."


    About NanoPass
    NanoPass is a pioneer in the development of intradermal delivery for vaccines and cancer, allergy and diabetes immunotherapy. The Company’s microneedle system, MicronJet600™ is a microneedle-based device for intradermal delivery of vaccines and drugs, which enables consistent and less painful [1,2,3] delivery of therapeutics directly into the skin. MicronJet600™ is registered for marketing in various
    territories including the US FDA 510k clearance, for use by health care professionals for intradermal delivery.
    NanoPass has one of the largest clinical databases in the industry for ID vaccination. It has supported numerous clinical studies in various fields including vaccines (seasonal and pandemic influenza, polio, zoster and others) with top pharmaceutical companies and the Centers for Disease Control and Prevention [1-6] and is supporting multiple cancer, allergy and diabetes immunotherapy studies on a global scale (Phase I to III). In many of these trials it was demonstrated that significant dose sparing (x5 -to x27) is achievable with the device [1,4,5,6]. Intradermal delivery is thought to harness the skin’s potent immune system to improve vaccines, and/or to dramatically reduce their dose while achieving equivalent effect. The company was founded by Dr. Shuki Yeshurun and is backed by prominent investors including IHCV, XT Hi Tech Investments, DPartners and Elcam Medical. For more information visit:


    About West
    West Pharmaceutical Services, Inc. is a leading manufacturer of packaging components and delivery systems for injectable drugs and healthcare products. Working by the side of its customers from concept to patient, West creates products that promote the efficiency, reliability and safety of the world's pharmaceutical drug supply. West is headquartered in Exton, Pennsylvania, and supports its customers from locations in North and South America, Europe, Asia and Australia. West's 2015 sales of $1.4 billion reflect the daily use of approximately 110 million of its components and devices, which are designed to improve the delivery of healthcare to patients around the world. For more information visit:


    1. Hung I et al. Dose sparing intradermal trivalent influenza (2010/2011) vaccination overcomes reduced immunogenicity of the 2009 H1N1 strain. Vaccine. 2012 Oct 5;30(45):6427-35
    2. Abhijeet A et al. Early priming with inactivated poliovirus vaccine (IPV) and intradermal fractional dose IPV administered by a microneedle device: A randomized controlled trial. Vaccine. 2015 Nov 27;33(48):6816-22
    3. Lee H et al. Safety and efficacy of tuberculin skin testing with microneedle MicronJet600 in healthy adults. Int J Tuberc Lung Dis. 2016 Apr;20(4):500-4.
    4. Levin Y et al. Intradermal vaccination using the novel microneedle device MicronJet600: Past, present, and future. Hum Vaccin Immunother. 2015;11(4):991-7.
    5. Beals C et al. Immune response and reactogenicity of intradermal administration versus subcutaneous administration of varicella-zoster virus vaccine: an exploratory, randomised, partly blinded trial. Lancet Infect Dis. 2016 Apr 6. [Epub ahead of print]
    6. Levin Y et al. Clinical evaluation of a novel microneedle device for intradermal delivery of an influenza vaccine: Are all delivery methods the same? Vaccine. 2014 Jul 23;32(34):4249-52
  • 06 Apr 2016

    Viola Group enters the Hedge Fund Asset Class: Viola Group Announces Strategic Partnership with ION Asset Management

    Israel, April 5th 2016 -  Viola Group, Israel’s premier technology focused private equity investment group announced today that it has completed a strategic investment in ION Asset Management, Israel's leading research-based hedge fund. This strategic investment reflects a strong affiliation between the firms and ION Asset Management is now officially a member of the Viola Group.

    Viola Group, with over $2 billion assets under management, aims to provide long term, world-class returns by identifying and pursuing attractive investment strategies in the vibrant Israeli technology and industry market. In addition to its current investment strategies that include early stage VC, growth and venture lending, Viola Group now expands its offering by adding a hedge fund –which provides a liquid asset that is less volatile than the public markets and has a proven track record of yielding superior returns to its investors.

    ION was founded in 2006 by Stephen Levey and Jonathan Half as a fundamental research-based long-short equity hedge fund allowing liquid and low risk exposure to Israeli and Israeli related public companies. The firm with over $400M assets under management has generated attractive long term risk-adjusted returns. ION's investors include institutional investors, endowments, family offices and high net-worth individuals.

    Jonathan Kolber of Viola Group, Chairman of ION said: "We are happy to strengthen our affiliation with ION Asset Management. We share the same values of professionalism, transparency and passion for tech companies and markets. We at Viola, always seek to support and partner with the best entrepreneurial teams that build high potential, growth-oriented enterprises and investment funds. This deal allows us to follow our vision and expand our investment strategy by partnering with the best Israeli hedge fund."

    Stephen Levey and Jonathan Half from ION Asset Management said: "We have a long standing relationship with the partners at Viola Group and the connection between the teams is exceptional. We both founded investment funds that are fundamentally based on excellent people, thorough research and due-diligence, deep domain knowledge and have built excellent track records.  The partnership with Viola is a natural development to our firm, and we feel that it will allow us to share insights, access to investors, global ecosystem and investment opportunities

    By completing this deal, Viola Group's asset management reach $2.4 billion across the following partnerships: Carmel Ventures, Viola Private Equity, Viola Credit, Viola Partners and ION Asset Management. The group's Partners include Shlomo Dovrat, Harel Beit-On, Avi Zeevi, Jonathan Kolber and Ruthi Simha.

    About Viola Group

    Viola Group, with over $2 Billion under management, is Israel’s premier technology oriented private equity investment group. Viola Group is comprised of focused best of class partnerships including Carmel Ventures – a top tier Venture Capital fund; Viola Credit – a leading equity-based lending fund; Viola Private Equity – technology focused growth capital and buyout fund; and Viola Partners – an exclusive investment fund mainly for private investors.
    Each partnership operates independently while enjoying access to market and technology research and insights, global tier-one investors, superior investment opportunities, a global industrial network, and access to leading management and investment talent. The partnerships identify, partner with and actively support leading entrepreneurs and high potential, growth-oriented enterprises and investment funds.
    Following the addition of ION Asset Management, a research-based hedge fund, as a member of the Viola Group, the Group’s assets under management will increase to over $2.4 million.
    For more information please visit: and our blog:

    About ION

    ION Asset Management was established in 2006 by Jonathan Half and Stephen Levey as a fundamental research focused long/short equity hedge fund. ION capitalizes on it’s on the ground presence to create attractive long term risk adjusted returns in Israeli and Israeli-related public companies. Since inception, ION has outpaced relevant indices, generating an annual net return of approximately 10%.  

    Jonathan and Stephen each have roughly 20 years' experience analyzing investment opportunities in the public markets. Prior to forming ION they managed the UBS Israel office and were ranked #1 research team for 6 years in a row by Institutional Investor Magazine. ION employs 15 people including 7 investment professionals.
    ION has a diversified investor base including insurance companies, universities, endowments and high net worth individuals primarily from the US, UK, Israel and Australia. For more information please visit:

  • 26 Feb 2016

    RR Media to Merge with SES Platform Services

    New company to be formed, creating a world-leading provider of innovative global media services and solutions

    All-Cash Transaction Values RR Media at $242 Million; $13.291 per share

    Airport City Business Park, Israel (February 26, 2016) - RR Media (NASDAQ: RRM), a leading provider of global digital media services to the broadcast and media industries, announced today that it has agreed to be acquired by SES (NYSE Euronext Paris and Luxembourg Stock Exchange: SESG) and will merge its activities with SES Platform Services (“SES PS”) to form a new world-leading provider of media solutions.

    SES will acquire a 100% ownership of RR Media, paying $13.291 per share, or a 52% premium to the closing price of the Company’s shares on February 25, 2016. This corresponds to an Enterprise Value of $242 million. The acquisition of RR Media by SES S.A. has been approved by the Boards of Directors of both companies, and is subject, among others, to regulatory approvals and the approval by the general meeting of shareholders of RR Media, which are expected to be completed in the second or third quarter of 2016.

    Once the transaction is completed, RR Media and SES PS will join forces to create a new, stand-alone world-leading media services provider. The new organisation will offer full continuity and enhanced service to SES PS and RR Media’s existing customers.

    The company will also provide customers with a comprehensive range of innovative video and media solutions on a global scale, with expanded services and the complementary capabilities of both RR Media and SES PS. This includes highly optimized content management and distribution solutions that utilize the combined network of both RR Media and SES PS. The newly formed company will be able to leverage its global content distribution network with optimized delivery over their multiple satellite positions, large fiber network and the Internet, in order to maximize audience reach and add new monetization capabilities.

    Avi Cohen, Chief Executive Officer of RR Media, said: “We believe the agreement with SES PS unlocks tremendous value for our shareholders, offering a 52% premium to our share price.  This valuation recognizes the success of the expansion and transition of our business over the past few years into a leading provider of digital media services.”

    Mr. Cohen continued: “With the combined infrastructure and industry expertise of SES Platform Services and RR Media, the new organization will have the capability to deliver innovative solutions to upper tier clients, emerging markets and global customers. RR Media’s growth strategy has focused on engaging an increased number of upper tier customers with a broader set of services and increasing the scale of our operations, which this merger accelerates.”

    Ayal Shiran, General Partner at Viola Private Equity, and Chairman of RR Media's Board of Directors, said: “The merger of SES PS and RR Media brings together two companies that have each excelled in the provision of digital media services. By uniting their comprehensive service portfolio, infrastructure and distribution network, they are set to truly become a global digital media services powerhouse, with an unparalleled offering for television broadcasters, production companies and platform operators.”

    Wilfried Urner, Chief Executive Officer of SES Platform Services, commented: “ RR Media has successfully developed the capability to manage and deliver premium content effectively, helping its customers to reach a global audience over multiple satellite, cable TV, IPTV, online and mobile platforms. SES, as the largest global platform for video in terms of reach and channels, adds global scale and considerable insights from the successful development of SES PS in Europe.”

    Ferdinand Kayser, Chairman of SES Platform Services, added: “This is an exciting acquisition and an important milestone in the execution of SES’s differentiated strategy focused on Globalisation, Verticalisation and Dematuring. The addition of RR Media further accelerates the globalisation of SES’s services businesses, establishing a world-leading next generation video and media service provider.”

    About RR Media

    RR Media (NASDAQ: RRM) works in partnership with the world’s leading media players to transform content into valuable media assets. RR Media’s complete ecosystem of digital media services maximize the potential of media and entertainment content, covering four main areas: smart global content distribution network with an optimized combination of satellite, fiber and the Internet; content management and channel origination; sports, news & live events; and online video services. RR Media provides scalable, converged digital media services to more than 1,000 broadcasters, content owners, sports leagues and right holders. Every day, the company manages and delivers over 24,000 hours of broadcast content, over 4,000 hours of online video and VOD content and over 350 hours of premium sports and live events. The company delivers content to 95% of the world’s population reaching viewers of multiplatform operators, VOD platforms, online video and direct-to-home services. Visit the company's website

    Safe Harbor Statement

    This press release contains forward looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements include, but are not limited to, statements about the expected timing of the transaction, the satisfaction or waiver of any conditions to the proposed transaction, anticipated benefits, growth opportunities and other events relating to the proposed transaction, projections about RR Media’s business and its future revenues, expenses and profitability. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the companies and the industry as of the date of this press release. We undertake no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or to changes in our expectations, except as may be required by law. Forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those contemplated by the forward-looking statements, including (1) RR Media may be unable to obtain required regulatory approvals or satisfy other conditions to the closing of the proposed transaction; (2) the proposed transaction may involve unexpected costs, liabilities or delays; (3) the occurrence of any event, change or other circumstances that could give rise to the termination of the merger agreement; (4) the ability to recognize benefits of the proposed transaction; (5) risks that the proposed transaction disrupts current plans and operations and the potential difficulties in employee retention as a result of the proposed transaction; (6) impact of the transaction on relationships with customers, distributors and suppliers and (7) other risks to consummation of the transaction, including the risk that the transaction will not be consummated within the expected time period or at all, as well as the risks indicated in our filings with the Securities and Exchange Commission (SEC). For more details, please refer to our SEC filings and the amendments thereto, including our Annual Report on Form 20-F for the year ended December 31, 2014 and our Current Reports on Form 6-K.


    In connection with the proposed transaction, RR Media intends to mail a proxy statement to its shareholders and furnish a copy of the proxy statement with the SEC on Form 6-K. Shareholders of RR Media are urged to read the proxy statement and the other relevant material when they become available because they will contain important information about RR Media, SES, the proposed transaction and related matters. Shareholders are urged to carefully read the proxy statement and other relevant materials when they become available before making any voting or investment decision with respect to the proposed transaction. The proxy statement (when available) may be obtained for free at the SEC's website at . In addition, the proxy statement will be available, without charge, at RR Media's website at .

    This press release is neither a solicitation of proxy, an offer to purchase nor a solicitation of an offer to sell shares of RR Media. 

    Corporate Contact:

    Elad Manishviz, CMO

    Tel: +1 201 655 7245

    Media Contact:

    Marilyn Gerber, Cutler PR

    Tel: +1 917 225 2977

    Our People


    Viola Partners is an exclusive investment fund tailored especially for private investors.

    Founded in 2000 under the name of D Partners, Viola Partners currently has three funds under management and  managed SPVs, aggregating approximately US$350 million in capital commitments, from leading international and Israeli private investors. Viola Partners is a unique investment fund created to accommodate the General Partners and other private investors, who wish to receive priority access to, and invest in and with the Viola Group, in a uniquely tailored model.





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    Latest News

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        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.



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