Fortissimo's investment in Sodastream is considered the most successful private Israeli equity investment.
Fortissimo Capital has sold $23.6 million worth of shares in Sodastream International Ltd. (Nasdaq: SODA) over the past six weeks. The sales come after Fortissimo sold $125.7 million worth of Sodastream shares during the company's secondary offering.
Although the current sales were made a much lower share price than the shares sold during the secondary offering, the shares were sold at a much higher price than at which they were bought.
Fortissimo's investment in Sodastream is considered the most successful private Israeli equity investment. Its investment of a few tens of millions of dollars is currently worth hundreds of millions.
Sodastream's share price rose 2.9% on Nasdaq on Friday to $36.75, giving a market cap of $722 million.
Published by Globes [online], Israel business news - www.globes-online.com - on September 25, 2011
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