ROSH HA'AYIN, Israel,
April 30, 2015 /PRNewswire/ --
Fortissimo Capital Fund ("Fortissimo"), a special situations
private equity firm based in Israel, announced today the final closing of
its fourth fund, Fortissimo Capital Fund IV, L.P., with commitments
of $470 million. "We're very
gratified," said Yuval Cohen,
Fortissimo's founding and managing partner "that several new large
and prestigious investors decided to invest in this fund, which
quickly became substantially oversubscribed. We see their
participation as a strong vote of confidence in our investment
philosophy and our ability to work with managers to enhance the
value of our portfolio companies."
(Photo:
http://photos.prnewswire.com/prnh/20150430/742979 )
Investors in Fortissimo IV 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 manages close to $1
billion through four funds. Its first fund was founded in
April 2004, and raised $80 million. Fortissimo's second fund raised
$110 million in 2008. Fortissimo's
third fund raised $265 million in
2012. Some of Fortissimo's notable exits include: the initial
public offering of Kornit Digital Ltd (Nasdaq: KRNT); the initial
public offering of SodaStream International Ltd (Nasdaq: SODA); the
sale of Nur Macroprinters Ltd. to Hewlett Packard; the sale of
Cadent Inc. to Align Inc.; and the sale of AOD Software Inc.
to a U.S. based private equity fund.
Fortissimo Capital Fund IV, 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.
Fortissimo's 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.
In addition to Yuval Cohen,
Fortissimo's founding and managing partner, its other partners
include: Eli Blatt, Shmoulik
Barashi, Marc Lesnick, Yochai Hacohen and Yoav
Hineman.
For more information about Fortissimo see:
http://www.ffcapital.com or contact:
Marc Lesnick
Marc@ffcapital.com
+972-3-915-7466
SOURCE Fortissimo Capital Fund