Who Owns Kape Technologies Company?

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Who Owns Kape Technologies?

Understanding a company's ownership is key to grasping its strategic direction and market positioning. Kape Technologies, a significant player in the digital privacy sector, underwent a major ownership change in mid-2023.

This transition saw the company move from public trading to private ownership, with Israeli billionaire Teddy Sagi becoming its majority shareholder. This shift centralized control and altered its governance structure significantly.

Kape Technologies, originally Crossrider plc, rebranded in 2018 to reflect its focus on digital security and privacy. Today, it manages a suite of popular brands, including ExpressVPN, CyberGhost, and Private Internet Access, serving millions worldwide. The company's strategic path is now largely guided by its ultimate beneficial owner, following its delisting from the London Stock Exchange's AIM market. For a deeper dive into its market environment, consider a Kape Technologies PESTEL Analysis.

Kape Technologies began its journey as Crossrider plc in 2011. Koby Menachemi served as its inaugural CEO, with early ties to Israeli intelligence. A pivotal moment arrived in December 2012 when Israeli billionaire Teddy Sagi acquired Crossrider for approximately $37 million, significantly increasing his stake.

Founding CEO

Koby Menachemi was the first CEO of Crossrider plc. His early involvement laid the groundwork for the company's initial operations.

Early Acquisition

Teddy Sagi's acquisition in December 2012 for $37 million was a defining moment. It solidified his significant influence from the company's early stages.

Public Listing

The company's IPO on the London Stock Exchange's AIM in September 2014 was a major milestone. It raised $75 million, valuing the company at $250 million post-IPO.

Teddy Sagi's Influence

Teddy Sagi's early and sustained investment positioned him as a dominant figure. His vision guided the company's evolution in the ad-tech and cybersecurity sectors.

Initial Valuation

Following its IPO, Crossrider achieved a post-money valuation of $250 million. This reflected investor confidence in its growth potential.

Undisclosed Early Investors

While Sagi's stake was prominent, specific details on other early backers or angel investors are not widely publicized. This leaves some aspects of the initial Kape Technologies ownership structure less transparent.

Teddy Sagi's acquisition of Crossrider plc in late 2012 for an estimated $37 million was a crucial turning point, establishing his significant control before the company's public debut. This early backing and subsequent IPO in September 2014, which raised $75 million and valued the company at $250 million, underscored his strategic vision for the company's expansion into new markets. Understanding this foundational period is key to grasping the current Kape Technologies ownership structure and its trajectory, a topic also explored in the Marketing Strategy of Kape Technologies.

Early Ownership Dynamics

Teddy Sagi's substantial investment and acquisition of Crossrider plc in 2012 positioned him as the primary early stakeholder. His influence was instrumental in guiding the company's strategic direction and subsequent public offering.

• Koby Menachemi was the initial CEO.
• Teddy Sagi acquired the company in December 2012 for approximately $37 million.
• The company rebranded to Kape Technologies after its IPO.
• The IPO in September 2014 raised $75 million.
• The post-IPO valuation reached $250 million.

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Kape Technologies' ownership journey saw a significant pivot from public trading to private ownership, primarily driven by the increasing stake of Teddy Sagi. This transition culminated in a complete consolidation of the company under his control.

The ownership evolution of Kape Technologies is marked by a strategic shift towards full private control, primarily orchestrated by Teddy Sagi through his holding company, Unikmind Holdings Limited. Initially listed on the London AIM market in September 2014 as Crossrider, the company's public trading phase saw Sagi progressively increase his influence. By September 2022, his stake had reached 54.3%, bolstered by a $120 million acquisition as part of a larger $220 million share placement. Key figures such as CEO Ido Erlichman, CFO Oded Baskind, Martin Blair, Dan Pomerantz, and Pierre Lallia were also significant shareholders during this period. The most transformative step occurred in 2023 when Unikmind Holdings initiated a bid to take Kape Technologies private, valuing the company at approximately $1.51 billion (£1.25 billion). Following initial negotiations and an increased offer of US$3.60 per share (290 pence), the acquisition was declared unconditional in April 2023. By May 19, 2023, Unikmind had secured acceptances for approximately 98.54% of the company's shares, allowing for the completion of the privatization process and the subsequent delisting from AIM on May 31, 2023. As of 2024-2025, Teddy Sagi, via Unikmind Holdings, is the sole owner of Kape Technologies, signifying a complete consolidation of the company's ownership structure.

Key Ownership Milestones

Kape Technologies' ownership structure has been significantly reshaped, moving from public to private hands. This transition offers new avenues for strategic development.

• Teddy Sagi's increasing stake through Unikmind Holdings Limited.
• The privatization bid launched in February 2023.
• The final acquisition price of US$3.60 per share.
• The delisting from the London AIM market on May 31, 2023.
• Current status as a privately held entity under sole ownership.

The privatization of Kape Technologies by Teddy Sagi represents a significant shift in its corporate structure, allowing for enhanced strategic agility and capital access away from public market pressures. This move solidifies Sagi's position as the ultimate beneficial owner, impacting its Brief History of Kape Technologies and future operational direction. The company's transition to private ownership means that detailed Kape Technologies investor relations updates are now managed internally, and its stock ownership is no longer publicly available. Understanding who owns Kape Technologies is crucial for analyzing its business operations and corporate structure moving forward.

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As of August 2025, Kape Technologies operates as a privately held entity, with its sole ownership resting with Unikmind Holdings Limited, a company controlled by Teddy Sagi. This structure places ultimate voting power directly with Sagi. The company's board of directors, while still active, functions under the directives of this single shareholder.

The voting power within Kape Technologies is centralized with its owner, Unikmind Holdings Limited, following its delisting from the London AIM market in May 2023. This transition removed public shareholder voting rights, consolidating decision-making authority. Consequently, significant strategic initiatives, such as acquisitions or leadership changes, are primarily influenced by Teddy Sagi, with the board providing guidance within this ownership framework. Moran Laufer concluded his tenure on the board in October 2024.

Understanding Kape Technologies' Corporate Structure

Kape Technologies' current ownership structure is a key factor in its strategic direction. As a private company, its operations and decisions are directly overseen by its sole shareholder.

• Kape Technologies is wholly owned by Unikmind Holdings Limited.
• Teddy Sagi holds the ultimate voting power.
• The company was delisted from the London AIM market in May 2023.
• This privatization shifted voting power away from public shareholders.
• The Mission, Vision & Core Values of Kape Technologies are now guided by its private ownership.

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Over the last three to five years, Kape Technologies has seen significant shifts in its ownership and strategic direction. The company's acquisition of ExpressVPN in September 2021 for $936 million marked a substantial expansion of its digital privacy product offerings.

The most significant recent development for Kape Technologies was its privatization in May 2023. This move was orchestrated by its majority shareholder, Unikmind Holdings, which is associated with Teddy Sagi. The transaction valued the company at approximately $1.51 billion and resulted in its delisting from the London AIM stock exchange. Unikmind Holdings subsequently consolidated its ownership to nearly 98.54% of the company. Following this privatization, Kape Technologies reportedly reduced its workforce by about 180 employees, representing 12% of its staff, in July 2023. Key executive changes also occurred around this period, including the departure of ExpressVPN co-founder Peter Burchhardt and ExpressVPN CTO Dan Gericke in June 2023.

Privatization Impact

The privatization of Kape Technologies by Unikmind Holdings in May 2023 marked a significant shift. This move allowed for greater control and potentially less public scrutiny for the company.

Executive and Staff Changes

Following privatization, Kape Technologies saw notable executive departures and workforce reductions. These changes occurred in the summer of 2023, impacting key roles and overall staff numbers.

Financial Performance Pre-Privatization

Leading up to its privatization, Kape Technologies reported strong financial results. FY 2022 saw record revenue of $623.5 million, a significant increase of 170.3% year-on-year.

Future Financial Outlook

The company's financial projections indicate continued growth. Net income is forecasted at $193.89 million for 2024 and $304.54 million for 2025, suggesting positive expectations under private ownership.

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