Israeli Private Equity Firm in Negotiations to Sell Roaming Services Company Starhome
Founded in 1999 as a unit of Israeli telecommunications company Comverse, Starhome reports a customer base of more than 300 mobile network operators
12:12
20.09.18
Israel-based private equity firm Fortissimo Capital is negotiating the sale of its portfolio company Starhome GmbH to an unnamed U.S. company, according to two persons familiar with the deal who spoke to Calcalist on condition of anonymity.
For daily updates, subscribe to our newsletter by clicking here.
Fortissimo acquired Starhome in 2012 for $80 million, according to Pitchbook data. The company is looking to get around $100 from the sale, one of the persons interviewed by Calcalist said.
Fortissimo CEO Yuval Cohen. Photo: Amit Sha'alצילום: עמית שעל
In 2013, Starhome merged with Luxembourg-based communications company MACH S.a.r.l. In 2015, Starhome negotiated a merger with its rival Roamware (listed as Mobileum Inc.) but the deal fell through.
קראו עוד בכלכליסט:
Founded in 2004, Fortissimo raised four funds totaling $925 million and was an early investor in Israeli at-home carbonation products maker company SodaStream International Ltd., bought by PepsiCo Inc. for $3.2 billion in August.
