Fortissimo Leads $430 Million Deal to Acquire Inventory Counting Firm Regis
Translated & summarized from Ice by baba
Israeli investment fund Fortissimo Capital is acquiring a controlling 60% stake in inventory counting firm Regis for 400 million euros, alongside partners Migdal and Poalim Equity. The deal includes taking on 200 million euros in debt and acquiring the company from Blackstone. Regis, founded in 1958, operates in 66 countries and serves approximately 3,500 clients globally. This acquisition follows a previous transaction where Blackstone bought a stake in a company from Fortissimo.
The story in 6 lines · by baba
- Fortissimo Capital is acquiring a controlling stake in inventory counting firm Regis for 400 million euros.
- The deal involves Fortissimo taking 60% of Regis, with Migdal and Poalim Equity each holding 20%.
- Regis is being purchased from Blackstone, which has owned the company since 2006.
- Regis operates in 66 countries and serves around 3,500 clients globally.
- The transaction includes assuming 200 million euros of debt.
- Fortissimo and Blackstone recently swapped roles in a prior deal involving software company Priority.
Israeli investment fund Fortissimo Capital, led by Yuval Cohen, is acquiring a controlling stake in Regis, a global inventory counting company, in a deal valued at 400 million euros (approximately $430 million). The transaction also includes taking on 200 million euros in debt. Fortissimo will hold 60% of the shares, with Migdal and Poalim Equity each acquiring 20% stakes. Regis's shares are being purchased from Blackstone, which has owned the company since 2006. At that time, Blackstone acquired Regis from its founding family for an estimated $1.5 billion. Regis provides inventory counting services to retail chains, businesses, and logistics centers worldwide, utilizing both on-site human counters and advanced scanning technology. Founded in Michigan in 1958, Regis now operates in 66 countries, serving around 3,500 clients, including a subsidiary in Israel called ICIS-Regis. This acquisition marks a reversal of roles from a previous transaction in May 2024, where Blackstone acquired a 70% stake in the software company Priority from Fortissimo and TA Associates for $800 million. In that deal, Fortissimo and TA Associates each sold 35% of Priority while retaining 15% stakes.
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