EMK CAPITAL takes majority stake in BRIGHT DATA

Funds managed by EMK Capital acquired a majority shareholding in Luminati (now Bright Data), the enterprise proxy network carved out of the Israeli company Hola Networks in 2014, at an enterprise value of $100–350M. The founders of Hola Networks kept a significant stake, and co-founder Ofer Vilenski stayed on as chief executive of Luminati. Hola Networks continued as a standalone company with its VPN and video content delivery lines. Horizons Ventures, DFJ Tamir Fishman, Trilogy Partners, DFJ, Magma Ventures and Iris Ventures were among the shareholders selling their interests through the transaction. At the time of the deal, Luminati ran a network of more than 40 million IP addresses and served corporate customers across several sectors. EMK Capital set out to work with the management team on growing the business and funding the development of further technologies and services. CODE Advisors acted as financial adviser to Hola Networks, with Naschitz, Brandes, Amir & Co. as legal counsel and Erdinast, Ben Nathan, Toledano & Co. advising its main investors. Arnold & Porter Kaye Scholer and Meitar Liquornik Geva Leshem Tal advised EMK Capital.