M&A Deal Summary

Fortissimo Capital Acquires Sela Software

On November 5, 2021, growth capital firm Fortissimo Capital acquired internet software and services company Sela Software

Acquisition Highlights
  • This is Fortissimo Capital’s 3rd transaction in the Internet Software and Services sector.
  • This is Fortissimo Capital’s 26th transaction in Israel.

M&A Deal Summary

Date 2021-11-05
Target Sela Software
Sector Internet Software and Services
Buyer(s) Fortissimo Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Sela Software

Bnei Brak, Israel
Sela Software is a global Multi Cloud Service company with over two decades of track record. Sela provides professional services to clientele worldwide with active branches in Israel, Canada, the USA, India, and Singapore. The Technology Center provides consulting services to top global companies utilizing cutting-edge technologies to develop multi-discipline projects. Sela Software is based in Bnei Brak, 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 34 of 39
Sector: Internet Software and Services M&A 3 of 3
Type: Buyout (LBO, MBO, MBI) M&A Deals 13 of 15
Country: Israel M&A 26 of 30
Year: 2021 M&A 5 of 5
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-15 StoreNext

Petah Tikva, Israel

StoreNext develops and provides customers with cloud-based platforms that facilitate supplier and customer interactions. By making information accessible, processed and analyzed into practical knowledge, StoreNext provides its customers the tools needed to effectively face the intense competition under which they operate, whereby managers are required to act quickly and make precise business decisions, at a higher frequency than ever before. StoreNext was founded in 1998 and is based in Petah Tikva, Israel.

Buy ₪180M