Berkshire Partners Paying $215 Million for 49% of Livnat Family’s Israeli Data Center platform MedOne
Summary
MedOne, a veteran Israel server farm operator owned by brothers Zeev, Zvi and Shay Livnat, is selling a 49% stake in the company to Berkshire Partners for $215 million. Still, server farms can handle massive loads of information while also acting as the middle man for transferring all of that data back and forth on the internet. A large farm has thousands of computers at work at all times and feels like a refrigerator inside because the systems must be cooled off all the heat that they generate.Founded in 1999, MedOne provides public and hybrid cloud computing services to enterprise organizations in Israel and worldwide through a strategic partnership with Dimension Data, one of the worlds leading cloud providers. MedOne Provides hosting services, local public cloud services and unique solutions to Israels largest organizations.As a company that has been leading the Israeli data center market for the past 22 years, this is a significant milestone, which will enable us to expand our services to even more Israeli and multinational companies as well as to accelerate our in-process expansion facility development, stated Ronnie Sadeh, CEO of MedOne. The firms Stockbridge and private equity teams frequently collaborate and leverage their collective industry expertise in multiple areas, including in business services & technology, communications, consumer, healthcare, and industrials.