Fortissimo Sells Remaining Stake in Kornit Digital
Published in Globes on December 4, 2018 Private equity firm Fortissimo Capital has liquidated its investment in Kornit Digital (Nasdaq: KRNT) at a large profit. Yesterday, the firm sold its remaining shares in the company, 3.1 million shares representing 9% of Kornit Digital’s share capital. The share price in the deal has not been reported, […]
Fortissimo Sells Starhome to Vista Equity Partners for $100 Million
Published in Globes on October 2, 2018 Six years after buying Starhome from Comverse, Fortissimo Capital has sold the Ra’anana-based SaaS wholesale and retail roaming, clearing, settlement and fraud prevention technology company to U.S. private equity fund Vista for an estimated $100 million. The deal reflects almost 3x returns for Fortissimo, which paid $54 million […]
The Man Who Saved SodaStream from Bankruptcy
Something in SodaStream’s books initially caught the eye of Fortissimo’s Managing Partner, Yuval Cohen Published in Globes on August 22, 2018 The sale of SodaStream (Nasdaq: SODA) to PepsiCo for $3.2 billion would have seemed like a wild dream 12 years ago. The company, then called Soda-Club, was in deep trouble with debt of […]
Fortissimo Buys Gadot Biochemicals from Delek
Published in Globes on May 2, 2018 Delek Group Ltd. (TASE: DLEKG) is selling Gadot Biochemical Industries Ltd. (TASE: GDBC), which has caused it huge losses in recent years. Delek Group, controlled by Yitzhak Tshuva, announced that it had signed an agreement to sell Gadot Biochemicals to the Fortissimo fund, led by managing partner Yuval […]
Disruptive Potato Breeder, Solynta, Raises €16 Million
Solynta announced the completion of a €16 million Series B financing round by new investors Fortissimo Capital and Innovation Industries as well as existing investors. Solynta will use this financing round to continue its potato breeding activities and to build a strong commercial organization that can address the billion dollar challenges within the potato supply […]
Fortissimo Sells Dip-Tech
Fortissimo announced the sale of its portfolio company Dip-Tech, a leading provider of digital ceramic glass printing solutions, to Ferro Corporation (NYSE: FOE), a leading global supplier of technology-based functional coatings and color solutions for glass and other substrates. With state-of-the-art printers and unique, vivid and durable ceramic-based inks, Dip-Tech delivers superior printing productivity and […]
Telrad Raises NIS 80 Million in TASE IPO
Published in Globes on May 24, 2017 Telrad Networks Ltd., managed by CEO Ran Bukshpan, is about to become a public company, following the success of the institutional part of its TASE IPO. Telrad issued 24% of its share capital, raising NIS 80 million at a company value of NIS 340 million, post-money, at […]
Fortissimo Offers $108 Million Kornit Stake on Nasdaq
Published in Globes on May 16, 2017 The Fortissimo Capital investment fund sold shares in Kornit Digital (Nasdaq: KRNT) for $90 million early this year. The Kornit share has since continued its climb, and Fortissimo is now planning to sell more of its holdings in the company for up to $108 million. Managed by […]
Kornit Digital Flourishes with Amazon Collaboration
CEO Gabi Seligsohn explains what is behind the collaboration, which boosted Kornit Digital’s secondary offering last week Published in Globes on February 16, 2017 A single word spoken by the e-commerce giant Amazon expressing confidence in Israeli company Kornit Digital (Nasdaq:KRNT) solution is enough to help the Israeli company develop one of its growth […]
Solcon Celebrates 40 Years with Product Release
Solcon Industries kicks off its 40th year of providing industry-leading motor controls by releasing the HRVS-DN PowerStart, expanding their iStart offering and deploying new DriveStart capabilities. These new releases enhance Solcon’s global motor soft starter offering across all of the industries they serve. “It’s a very exciting time at Solcon,” said Gil Briman, CEO. […]
