M&A Deal Summary

TeamSystem Acquires Green Invoice

On December 22, 2024, TeamSystem acquired business services company Green Invoice from Fortissimo Capital

Acquisition Highlights
  • This is TeamSystem’s 1st transaction in the Business Services sector.
  • This is TeamSystem’s 1st transaction in Israel.

M&A Deal Summary
Date 2024-12-22
Target Green Invoice
Sector Business Services
Buyer(s) TeamSystem
Sellers(s) Fortissimo Capital
Deal Type Add-on Acquisition

Target

Green Invoice

Tel Aviv, Israel
Green Invoice focused on 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. Green Invoice was formed in 2011 and is based in Tel Aviv, Israel.

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Buyer(S) 1

Buyer

TeamSystem

Pesaro, Italy
Category Company
Founded 1979
Sector Software
DESCRIPTION

TeamSystem is a provider of accounting, payroll, and business management software for accountants and small and medium-sized enterprises. TeamSystem offers a broad range of mission-critical, on-premise and cloud solutions to a diversified base of its customers. TeamSystem was founded in 1979 and is based in Pesaro, Italy.

DEAL STATS #
Overall 3 of 3
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 3 of 3
Country (Israel) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-15 Fatture in Cloud

Italy

Fatture in Cloud is a provider of cloud based invoice services.

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 13 of 13
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 7 of 7
Country (Israel) 9 of 9
Year (2024) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-18 Enercon Technologies

Netanya, Israel

Enercon Technologies is a designer/manufacturer of custom power supplies for the aerospace and defense industries. It offers a variety of customized and MOTS (Modified off-the Shelf) power supplies and specializes in DC/DC power supplies, AC/DC converts. Enercon Technologies is based in Netanya, Israel.

Sell -
Mergr

Product

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