M&A Deal Summary

Fortissimo Capital Acquires Salt Of The Earth

On January 16, 2019, growth capital firm Fortissimo Capital acquired consumer products company Salt Of The Earth from Arison Investments

Acquisition Highlights
  • This is Fortissimo Capital’s 1st transaction in the Consumer Products sector.
  • This is Fortissimo Capital’s 19th transaction in Israel.

M&A Deal Summary

Date 2019-01-16
Target Salt Of The Earth
Sector Consumer Products
Buyer(s) Fortissimo Capital
Sellers(s) Arison Investments
Deal Type Secondary Buyout

Target

Salt Of The Earth

Atlit, Israel
Salt Of The Earth produces 200,000 tons of salt a year and supplies 80% of consumption in Israel. Salt Of The Earth products is aimed at the retail, industrial, and agricultural markets. Salt Of The Earth was founded in 1922 and is based in Atlit, Israel.

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Buyer(S) 1

Buyer

Fortissimo Capital

Tel Aviv, Israel

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2004
PE ASSETS 2.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Fortissimo Capital is a private equity firm that targets investments in private and public Israeli companies. The Firm looks to invest in technology-based and industrial companies that require capital to expand. Fortissimo focuses on companies operating in high growth markets with proven sales, consistent revenue streams, and strong customer bases. Fortissimo will consider a variety of transaction situations including spinouts, selling shareholders, growth capital financings, and special situations. Fortissimo Capital was formed in 2004 and is based in Tel Aviv.


DEAL STATS #
Overall 25 of 35
Sector (Consumer Products) 1 of 1
Type (Secondary Buyout) 3 of 3
Country (Israel) 19 of 26
Year (2019) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-02 Starhome Mach

Zurich, Switzerland

Starhome Mach is a roaming solutions company. It is a software that allows mobile network operators to capture and manage mobile phone customers who are outside of their home country. For example enabling short dial codes, such as access to voicemail, to work whilst abroard. Deployed in 200 mobile network operators worldwide.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-05 Polytex Technologies

Caesarea, Israel

Polytex Technologies is a provider of workwear management solutions. Polytex supports the entire workwear laundry lifecycle with a wide range of automated machines backed by centralized cloud management and monitoring applications. Polytex solutions are used by hospitals and healthcare institutes, manufacturing sites, hospitality, and fitness centers. Polytex Technologies was founded in 2003 and is based in Caesarea, Israel.

Buy -

Seller(S) 1

DESCRIPTION

Arison Investments is the the global investment arm of the Arison Group, a private family fund that promotes strategic philanthropy and innovative social investments. Arison Investments looks to invest in and acquire socially responsible and impactful businesses. Broad areas of interest include financial services, real estate, infrastructure, water, and industrials. Arison Investments is headquartered in Tel Aviv.


DEAL STATS #
Overall 1 of 2
Sector (Consumer Products) 1 of 1
Type (Secondary Buyout) 1 of 2
Country (Israel) 1 of 1
Year (2019) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-01 Salt Of The Earth

Atlit, Israel

Salt Of The Earth produces 200,000 tons of salt a year and supplies 80% of consumption in Israel. Salt Of The Earth products is aimed at the retail, industrial, and agricultural markets. Salt Of The Earth was founded in 1922 and is based in Atlit, Israel.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-28 Miya

Madrid, Spain

Miya is a global efficiency-oriented water operator with vast experience and a full range offering for water utilities including water efficiency, commercial management, and water treatment. Miya was formed in 2008 and s based in Madrid, Spain.

Sell -