Fortissimo Leads Consortium in €400 Million Acquisition of Inventory Services Firm RGIS
Translated & summarized from TheMarker by baba
Fortissimo, led by Yuval Cohen, has acquired RGIS for €400 million, taking a 60% stake in the global inventory services company. Institutional investors will hold the remaining 40% stake. The deal includes €200 million in debt financing from Bank Leumi and Bank Hapoalim.
The story in 5 lines · by baba
- Fortissimo acquired RGIS for €400 million, securing a 60% stake.
- Yuval Cohen's Fortissimo fund is the lead investor in the RGIS acquisition.
- Institutional investors will hold the remaining 40% of RGIS.
- The deal includes €200 million in debt from Bank Leumi and Bank Hapoalim.
- RGIS provides global inventory counting and retail solutions.
The private equity fund Fortissimo, founded by Yuval Cohen, has finalized a deal to acquire RGIS, a global provider of inventory counting, fixed asset management, and retail merchandising solutions. Fortissimo will hold a 60% stake in the international inventory counting company. The acquisition also involves institutional investors who will each hold 20% stakes. The transaction includes taking on €200 million in debt from Bank Leumi and Bank Hapoalim.
Mentioned
