Permira Inks Deal for Israeli Fraud Protection Firm BioCatch (1)

Buyout firm Permira has acquired a majority stake in Israeli fraud-protection company BioCatch in a deal giving it an enterprise valuation of $1.3 billion.

Permira is buying BioCatch shares from some existing investors, confirming a Bloomberg News report. It will buy shares primarily from Bain Capital Tech Opportunities and Maverick Ventures, according to a statement from the company on Thursday.

Existing shareholders Sapphire Ventures and Macquarie Capital will also increase their investments in BioCatch, the statement said.

Permira’s growth fund already owneda stake in the cybersecurity company following an investment in May of last year. BioCatch, which was founded ...