PriestleySoundy advises Itzhak Wiesenfeld on his appointment as the independent Chairman of iLOQ

PriestleySoundy advised Itzhak (Tzachi) Wiesenfeld in connection with his appointment as the independent Chairman of iLOQ.

In October 2019, Nordic Capital announced its acquisition of iLOQ in a deal to support the continued international expansion of the business.  The Founder of iLOQ and the management team reinvested in the business alongside Nordic Capital.  The deal value was not disclosed.

iLOQ provides self-powered digital locking and mobile access management solutions that have revolutionized the locking industry.  iLOQ’s innovative technology and software are developed and patented by the Company, enabling electronic locking without batteries or cables.

Nordic Capital is a leading private equity investor with a resolute commitment to creating stronger, sustainable businesses through operational improvement and transformative growth.  Since inception in 1989, Nordic Capital has invested more than EUR 14 billion in over 100 investments.

Nordic Capital were advised by White & Case.

3rd February 2020