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Private Equity
skyfund.co.il

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Funds

2

About SKY Fund

SKY Fund is an Israel-based private equity firm.

SKY Fund Headquarter Location

Israel

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Latest SKY Fund News

BATM sells NGSoft for $33m

Mar 1, 2021

March 1, 2021 at 8:56 am BATM, an international provider of real-time technologies for networking solutions and medical laboratory systems, announces that it has exercised its option to sell NG Soft Ltd to Aztek Technologies (1984) Ltd., a provider of ICT cloud services in Israel and a portfolio company of SKY Fund, for $33m. The deal involves $29m up front in cash, and the acquisition is expected to be complete by the end of March 2021. BATM intends to invest the proceeds of the sale to strengthen its innovation and commercialisation engine organically and through acquisition to enable the Group to accelerate its core activities – in particular, in network function virtualisation (“NFV”) and molecular diagnostics. NGSoft is a software and digital services company that provides creative digital and technology solutions. In 2020, NGSoft generated a profit before tax of $2.4m and as at 31 December 2020 it had gross assets of $22.5m. Dr Zvi Marom, Chief Executive Officer of BATM, said: “We are pleased to be, once again, generating value from the sale of a part of our portfolio that is non-core to our future. We will be able to use the proceeds from this transaction to accelerate the areas of our business that we believe will provide transformational growth opportunities. This follows an extremely successful 2020, with significant strategic progress in both the Bio-Medical and Networking & Cyber division, and further strengthens our foundations. As a result, we remain very excited about our future and look forward to continuing to deliver shareholder value.” Share this post via... Share this post via Facebook, Twitter, Google Plus and LinkedIn Did you enjoy reading this content? To get more great content like this subscribe to our magazine

SKY Fund Acquisitions

1 Acquisition

SKY Fund acquired 1 company. Their latest acquisition was Aztek Technologies on September 23, 2019.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

9/23/2019

Acq - Fin

1

Date

9/23/2019

Investment Stage

Companies

Valuation

Total Funding

Note

Acq - Fin

Sources

1

SKY Fund Fund History

2 Fund Histories

SKY Fund has 2 funds, including SKY I.

Closing Date

Fund

Fund Type

Status

Amount

Sources

SKY I

Diversified Private Equity

1

Sky II

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$99M

10

Closing Date

Fund

SKY I

Sky II

Fund Type

Diversified Private Equity

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Status

Amount

$99M

Sources

1

10

SKY Fund Team

2 Team Members

SKY Fund has 2 team members, including current Managing Partner, Nir Dagan.

Name

Work History

Title

Status

Nir Dagan

Managing Partner

Current

Zvi Yochman

Managing Partner

Current

Name

Nir Dagan

Zvi Yochman

Work History

Title

Managing Partner

Managing Partner

Status

Current

Current

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