Investment Summary

TA Associates Invests In Priority

On October 5, 2020, private equity firm TA Associates invested in software company Priority from Fortissimo Capital

Investment Highlights
  • This is TA Associates’ 67th transaction in the Software sector.
  • This is TA Associates’ 3rd transaction in Israel.
Investment Fate
  • Priority was sold to a consortium of financial buyers in 2024.

Investment Summary

Date 2020-10-05
Target Priority
Sector Software
Investor(s) TA Associates
Sellers(s) Fortissimo Capital
Deal Type Stake Purchase

Target

Priority

Rosh Haayin, Israel
Priority is a fully-integrated, comprehensive ERP software solution serving a wide spectrum of industries and organizations, including multi-national and multi-lingual corporations. Its main modules include: finance, manufacturing, logistics, human resources, time and attendance, payroll, business intelligence, project management and customer service and support. Priority was founded in 1986 and is based in Rosh Haayin, Israel.

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Investor(S) 1

Investor

TA Associates

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1968
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TA Associates is a private equity firm that targets investments in middle-market and large companies around the world. TA will consider control or minority investments in profitable companies and looks to commit between $70 and $500 million per transaction. TA proactively reaches out to companies directly in sourcing potential investment opportunities. Prospective businesses are generally valued between $100 million and $3 billion. Areas of interest include technology, software, communications, financial services, healthcare, business services, semiconductors/electronics, and consumer products/services. In addition to investing equity capital, TA also makes subordinated debt investments. TA's geographic preference is North America, Asia/Pacific, and Europe. TA Associates was formed in 1968 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 310 of 374
Sector: Software M&A 67 of 89
Type: Stake Purchase M&A Deals 32 of 39
Country: Israel M&A 3 of 3
Year: 2020 M&A 11 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-07 Surfaces Group

Cenate Sotto, Italy

Surfaces Group is a global developer and manufacturer of value-add abrasive tools and other consumables sold to manufacturers of high-end ceramic, engineered stone, glass and niche mechanical applications. The company offers a complete set of tools and abrasives for post-production value-add operations, including lapping, polishing, coating, cutting and squaring. Surfaces Group is based in Cenate Sotto, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-10 Planview

Austin, Texas, United States

Planview is a provider of IT Governance software solutions to the Global 2000 with applications that help companies optimize the utilization of resources and manage/monitor IT projects. Planview was formed in 1989 and is based in Austin, Texas.

Buy $1.6B

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 9 of 14
Sector: Software M&A 2 of 2
Type: Stake Purchase M&A Deals 1 of 1
Country: Israel M&A 6 of 9
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-14 Beewise

Beit HaEmek, Israel

Beewise is a developer of autonomous beehives designed to increase yield, reduce colony loss and eliminate the use of chemical pesticides. Beewise is based in Beit HaEmek, Israel.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-01 Cello

Holon, Israel

Cello develops one of the world’s first parking payment apps and offering cutting-edge IoT-based solutions for both public and private parking needs. Cello is based in Holon, Israel.

Buy -