"Primra" acquires a majority stake in the Israeli "bio cat" for cyber security

Permira acquired the majority of the Israeli company in the Israeli company “Bioccation”, which specializes in the protection of fraud, in an agreement that evaluates the company at $ 1.3 billion. “Premira” plans to obtain the shares of “Pio Catch” from some current investors, which confirms a report published by “Bloomberg News” on the agreement. According to a company statement today, Thursday, it is scheduled to buy shares mainly from Bain Capital Tech events, and Maverick Veneres. The two companies are currently delivering ‘Savy Ventures’ and ‘Macquarie Capital’ their share in ‘Pio Catch’, according to the statement. After an investment in May 2023, the Primra Growth Fund owned an interest in the Cyber ​​Security Company. It is noteworthy that “Bio Catch”, founded in 2011, produces software that specializes in fraud and money laundering in the field of electronic banking operations. The agreement is one of the biggest transactions in Israel since the war with Hamas last October.