Investment group

Prytek investment group raises $ 107 million from Davidson Kempner

International investment group Prytek has raised $ 107 million from global investment management firm Davidson Kempner. A representative from Davidson Kempner will join Prytek’s board of directors and investment committee. Prytek is a corporate investment group that offers investors an innovative investment strategy combining very long term investments in service companies, with investments in a large number of technologies and startups. Service companies use the solutions of innovative technology companies, thanks to which a significant competitive advantage is obtained in the market, as well as high operational efficiency.

Prytek plans to invest the new capital it has raised to accelerate its growth strategy, among others, by continuing its investment in one of the Group’s most promising Israeli companies: ThriveDX (formerly HackerU), which has developed a leading platform for cybersecurity and IT training. ThriveDX was founded in 2016 by Gil Adani (CEO) and Dan Vigdor (President).

In addition to investing in ThriveDX, Prytek is preparing to expand its activities in the banking and fintech sectors (through its English financial and fintech arm Delta Capital) as well as to strengthen other activities.

Prytek Co-CEO and Co-Founder Andrey Yashunksy said, “We are delighted to have Davidson Kempner as an investment partner in Prytek, which aims to transform the lives of millions of people around the world by developing technology. which are at the forefront of the industry and which cut. This new capital will help Prytek increase the value of its assets, accelerate Prytek’s global expansion and boost our organic and M&A business.

Prytek Co-Managing Director Arnon Shiboleth added: “We view the addition of Davidson Kempner to the shareholder base, investment committee and board of directors of Prytek as an important step in the growth. of our company. This new capital will further support organic and mergers and acquisitions growth. initiatives in several of our divisions and companies. This is a critical step for our business and will position the company well for additional short-term growth opportunities and eventual public listing. “

Prytek operates in several main areas: the financial and fintech sector through its English branch Delta Capital, the cybersecurity and training sector via ThriveDX, and the human resources sector (HR-tech) and the cybersecurity sector.

Prytek focuses on building strong and stable long-term businesses and therefore acts to help businesses grow and reach their target markets quickly, including by creating partnerships between service and technology companies and between technology companies themselves, so that companies within the Group can benefit from the advantages and strengths of the Group’s ecosystem. So far, Prytek has invested in more than 30 companies in Israel and around the world. Some of the Israeli companies that Prytek has invested in through its venture capital arm include TipRanks, PayMe, Scanovate, OpenLegacy, HopOn, Ezbob and more. Prytek operates in eight countries and employs more than 3,000 people in its units.

The chairman of the Prytek group is Yair Seroussi, the former chairman of Bank Hapoalim, who is also currently chairman of ZIM Integrated Shipping Services, Enlight Renewable Energy and other companies.

Davidson Kempner is an American investment management giant, which has been around for 38 years and manages $ 37 billion in assets. The firm has offices in New York, Philadelphia, London, Dublin, Hong Kong and Shenzen.

Posted by Globes, Israel business news – – December 1, 2021.

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