M&A Deal Summary

EMK Capital Acquires Cardo Systems

On April 6, 2021, private equity firm EMK Capital acquired electronics company Cardo Systems from Fortissimo Capital

Acquisition Highlights
  • This is EMK Capital’s 1st transaction in the Electronics sector.
  • This is EMK Capital’s 2nd transaction in Israel.

M&A Deal Summary

Date 2021-04-06
Target Cardo Systems
Sector Electronics
Buyer(s) EMK Capital
Sellers(s) Fortissimo Capital
Deal Type Secondary Buyout

Target

Cardo Systems

Ra'anana, Israel
Cardo Systems engages in the production of communication and entertainment systems for motorcycle riders. The company's products are sold in over 80 countries and range from entry-level products to the most advanced communication systems available in the market. Cardo Systems is based in Ra'anana, Israel.

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Buyer(S) 1

DESCRIPTION

EMK Capital LLP is a private investment firm focused on majority investments in the business services, consumer, and industrials sectors. EMK Capital is a hands-on investor and looks to commit up to £100 million per platform investment. EMK Capital is based in London.


DEAL STATS #
Overall 14 of 28
Sector: Electronics M&A 1 of 1
Type: Secondary Buyout M&A Deals 5 of 11
Country: Israel M&A 2 of 2
Year: 2021 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-25 Egiss

Birkerod, Denmark

Egiss is a reseller of IT devices to large, multi-national corporations ("MNCs"). Egiss offers a unique solution to MNCs by mitigating the usual complexity of IT procurement through its multi-vendor and multi-country delivery infrastructure, which provides a one-stop shop for global organisations' strategic IT catalogue. Egiss was founded in 2013 and is based in Birkerod, Denmark.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-09 Outright Games

London, United Kingdom

Outright Games provides in the development and global publication of branded computer video games, targeted at children. Games are based on well-known characters promoted by global entertainment companies and are available across multiple console platforms. Outright Games was established in 2016 and is based in London.

Buy -

Seller(S) 1

SELLER

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 10 of 14
Sector: Electronics M&A 1 of 1
Type: Secondary Buyout M&A Deals 3 of 3
Country: Israel M&A 7 of 9
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-22 Morning

Tel Aviv, Israel

Morning focuses developing an entire ecosystem, based on advanced technologies, aiming to provide a solution for most needs and challenges of freelancers and small businesses. Small and medium businesses make up the bulk of its clientele, but it also service local large companies such as Hamashbir Lazarchan, BuyMe, Max Brener, Gottex, and ShookIt. Morning was formed in 2011 and is based in Tel Aviv, Israel.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-01 Fieldin

Fresno, California, United States

Fieldin is a smart farming SaaS platform that utilizes sensor-based data to help growers worldwide improve production, operational transparency, and efficiency by monitoring field activities remotely and seamlessly integrating with existing technologies, equipment, and personnel to provide full visibility into day-to-day operations. Fieldin was founded in 2013 and is based in Fresno, California.

Buy -