Fortissimo Capital Fund, a Tel Aviv, Israel-based private equity firm focused on special situations and growth opportunities, closed its fifth fund, at $650m.
Investors in Fortissimo Capital Fund V, L.P., are comprised of large institutional investors from the U.S., Europe and Israel, including: state and corporate pension funds, endowments, fund of funds, trusts and insurance companies.
Fortissimo V is a special situations and growth capital Israeli-related private equity fund focused primarily on maturing technology and industrial companies that are at a point of inflection. Its investment strategy is to achieve capital appreciation through taking a leading role and active approach in Israeli-related global businesses that require immediate and significant change, or stimulation of growth and by building business fundamentals to facilitate sustainable long-term growth and value creation.
Led by Yuval Cohen, founding and managing partner, Fortissimo is operating for more than fifteen years and in total has raised $1.6 billion. The first fund was founded in April 2004 and raised $80 million. Fortissimo’s second fund raised $110 million in 2008. The third fund raised $265 million in 2012. Fortissimo’s fourth fund raised $472 million in 2015. Some notable exits include: the initial public offering of Kornit Digital Ltd (Nasdaq: KRNT); the initial public offering of SodaStream International Ltd; the sale of Diptech to Ferro (NYSE: FOE), the sale of Nur Macroprinters Ltd. to Hewlett Packard; the sale of Cadent Inc. to Align Inc.; the sale of Starhome to Telerix; the sale of all of our holdings in Biological Industries to Sartorius AG (SRT.GR) and the sale of AOD Software Inc. to a U.S. based private equity fund. In addition to Cohen, other partners include: Eli Blatt, Shmoulik Barashi, Marc Lesnick, Yochai Hacohen, Yoav Hineman, Uri Zahavi, Itamar Ophel and Uri Nayer.
FinSMEs
04/02/2020