TLDR:
- Blackstone is in advanced negotiations to acquire Priority Software for $400-500 million.
- The deal will involve Blackstone acquiring 60-80% of Priority Software, an enterprise software company.
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. Blackstone will acquire 60-80% of the shares of Priority from current owners – Israeli private equity fund Fortissimo and American investment fund TA Associates. Priority Software operates in the field of enterprise software, serving 75,000 customers in 70 countries. The company employs about 500 people and has expanded its market internationally. Fortissimo led the company’s growth through acquisitions, totaling NIS 800 million. Blackstone, with assets amounting to 1.06 trillion dollars, has been making investments in Israel, with the acquisition of Priority Software being a significant deal for the company in the country.
