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  5. Fortissimo Capital Acquires StoreNext

M&A Deal Summary

Fortissimo Capital Acquires StoreNext

On June 15, 2022, growth capital firm Fortissimo Capital acquired information technology company StoreNext for 180M ILS

Acquisition Highlights
  • This is Fortissimo Capital’s 1st transaction in the Information Technology sector.
  • This is Fortissimo Capital’s 4th largest (disclosed) transaction.
  • This is Fortissimo Capital’s 27th transaction in Israel.

M&A Deal Summary
Date 2022-06-15
Target StoreNext
Sector Information Technology
Buyer(s) Fortissimo Capital
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 180M ILS

Target

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.

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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 35 of 39
Sector: Information Technology M&A 1 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 14 of 15
Country: Israel M&A 27 of 30
Year: 2022 M&A 1 of 4
Size (of disclosed) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-05 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-22 ‍Fido

Accra, Ghana

‍Fido is an advanced technology that enables fast, easy and secured access to digital financial services. ‍Fido's independent financial platform and unique machine learning risk models make instant credit decisions for customers with no financial track record while reducing operational costs. Fido is based in Accra, Ghana.

Buy -
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