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9 May 2024

Blackstone is set to purchase 60-80% of the shares of Priority.

Blackstone, the world's largest alternative asset manager, is in advanced negotiations to acquire control of Israeli company Priority Software in a deal valued at $400-500 million, Calcalist has learned. If the deal is signed, Blackstone will acquire 60-80% of the shares of Priority, which operates in the field of enterprise software (ERP).

Currently, the company is owned by the Israeli private equity fund Fortissimo (50%), managed by Yuval Cohen, and the American investment fund TA Associates. TA Associates acquired 50% from Fortissimo in 2020 at a company value of $250 million. After TA's entry, Priority made a series of purchases of other companies worth approximately NIS 400 million (approximately $107 million). The total volume of purchases made by the company since Fortissimo acquired it in 2013 is NIS 800 million ($215 million).

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