EMK Capital Values Luminati At $200M With Stake Buy

Law360, New York (August 11, 2017, 3:26 PM EDT) -- Private equity firm EMK Capital LLP has agreed to buy a controlling stake in Luminati, the enterprise proxy network branch of Hola Networks Ltd., in a deal valuing the business at $200 million, the companies said on Friday.

Under the terms of the agreement, funds managed by EMK will acquire a majority shareholding in Luminati, according to a statement. As part of the deal, the founders of Hola Networks will retain a significant stake in the company, though the precise numbers were not disclosed. Ofer Vilenski,...
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