GigCapital Group (GigCG), a technology, media and telecommunications (TMT) Private-to-Public Equity (PPE)TM company (“Company”) focused investment holding group of affiliated technology industry corporate executives and entrepreneurs, and TMT operational and strategic experts in the private and public markets, today announced the global expansion of its business with the opening of a new office in Israel, representing its first overseas office. Leading these operations will be technology industry and venture capital veteran Mr. Kobi Rozengarten, who becomes Managing Partner of GigCG Israel.
“We are pleased and honored to welcome Kobi to the position of Managing Partner of GigCapital Group (GigCG) Israel who will lead our global expansion in this important region,” said Dr. Avi Katz, Executive Chairman and Chief Executive Officer of GigCapital Group. “Kobi brings to our firm extensive international technology industry experience along with an excellent record of entrepreneurship and execution of multiple and successful M&A transactions. We couldn’t be more fortunate than to partner with Kobi, exhibiting an excellent fit for our unique Mentor Investors™ methodology, which offers exceptionally run and fast-growing private companies looking to accelerate their path to a U.S. listed public company a breadth of resources, including access to GigCapital’s experienced entrepreneurs, that is unparalleled in the Private-to-Public Equity (PPE)™, (also known as a blank check or special-purpose-acquisition company (SPAC)) marketplace. We are honored to have an experienced executive of Kobi’s caliber join our team during our next round of growth, now that we have just completed the initial public offering of our second Private-to-Public Equity (PPE) endeavor, GigCapital2, Inc. (NYSE: GIX.U), adding it to our previous Private-to-Public Equity (PPE) entity, GigCapital, Inc. (NYSE: GIG.U).”
With over 30 years of experience in senior management positions within the technology sector, Mr. Rozengarten is a recognized expert in the semiconductor and Data Storage fields, and he is an active private investor in SaaS software companies. Prior to joining GigCapital Group, Mr. Rozengarten was a Managing Partner at Jerusalem Venture Partners (JVP), where he led or co-led more than 25 transactions, including the sale of Altair Semiconductor to Sony, CyOptics to Avago, XtremIO to EMC and Dune Network to Broadcom. Before joining JVP, Mr. Rozengarten was President of Saifun Semiconductors, a leading provider of IP solutions for the non-volatile memory market. In this capacity, Mr. Rozengarten was responsible for formulating and executing the company’s business strategy and co-led its IPO on the NASDAQ exchange. Mr. Rozengarten also held multiple positions, including Managing Director, vice president of Operations and vice president of Business Development with Kulicke and Soffa Industries, a leading supplier of equipment for the semiconductor industry.
“I am honored and excited to join the GigCapital Group team and lead the expansion of its business into Israel. Having experienced multiple transactions from both the corporate and venture capital side, I am impressed with the Mentor Investors™ platform Avi and his team have created and believe it is an excellent vehicle for fast-growing private companies to quickly and efficiently list on U.S. public exchanges,” said Mr. Rozengarten.
Mr. Rozengarten holds a BS in Industrial Engineering (Information systems) and a MS in Industrial Management from the Technion Israel Institute of Technology and serves as a member of the Technion Board of Governors.
“Private-to-Public Equity (PPE)” and “Mentor-Investor” are trademarks of GigFounders, LLC, a member entity of the GigCapital Group and the founder of GigAcquisitions2, LLC, used pursuant to agreement.
About The GigCapital Group
The GigCapital Group (GigCG) is a technology, media and telecommunications (TMT) focused investment group led by an affiliated team of technology industry corporate executives and entrepreneurs, and TMT operational and strategic experts in the private and public markets, including substantial, success proven M&A and IPO activities. The group deploys a unique Mentor-Investors methodology to partner with exceptional TMT companies, managed by dedicated and experienced entrepreneurs. The GigCG Private-to-Public Equity (PPE) companies (also known as blank check companies or special purpose acquisition companies (SPACs)) offer financial, operational and executive mentoring to U.S. and overseas private, and non-U.S. public companies, in order to accelerate their path from inception and as a privately-held entity into the growth-stage as a publicly traded company in the U.S. The partnership of GigCG with these companies continues through an organic and roll-up strategy growth post the transition to a public company. GigCG was launched in 2017 with the vision of becoming the lead franchise in incepting and developing TMT Private-to-Public Equity (PPE) companies. In late 2017, GigCG incepted its first Private-to-Public Equity (PPE) company, GigCapital, Inc. (“GigCapital1”) (www.GigCapitalGlobal.com), which conducted its IPO on December 7, 2017 (NYSE: GIG), raising $125,00,000 in the base offering, which was increased to $143,750,000 with the underwriters exercise of their over-allotment option. GigCapital1 was sponsored by GigAcquisitions, LLC, (“GigAcquisitions1”) which was founded by GigFounders, LLC (www.gigfoundersglobal.com). In February 2018, GigCapital1 announced the execution of a definitive stock purchase agreement to acquire Kaleyra S.p.A. (www.kaleyra.com), headquartered in Milan, Italy, a combination that GigCapital1 expects to close during the 2nd half of 2019. In March 2019, GigCG launched GigCapital2, Inc. (“GigCapital2”) (www.GigCapital2.com), which conducted its IPO on June 5, 2019 (NYSE:GIX.U) for $150,00,000 in the base offering, and also granted the underwriters a 45-day over-allotment option for the sale of up to an additional $22,500,000 of GigCapital2’s units GigCapital2 is sponsored by GigAcquisitions2, LLC, which was founded by GigFounders, LLC. GigCG pioneered the TMT Private-to-Public Equity (PPE) methodology, focusing solely on technology companies that are beyond the Private Equity Growth Stage and are striving to be established as a publicly listed enterprise on the NYSE. The GigCG Private-to-Public Equity (PPE) companies deploy a unique methodological process to systematically search and target prospective partners, generating a high-quality domestic and international attractive funnel of potential business combination opportunities. All GigCG members are financially involved in seeding the Private-to-Public (PPE) entities and commit time to support the mission and initiatives of GigCG to build a long-term industry leader Private-to-Public Equity (PPE) franchise. GigCG is committed to partner and enable public offerings of exceptional TMT companies being led by solid long term committed leadership teams. For more on GigCG and its affiliates please see www.GigCG.com.