Cardo Systems, a portfolio company of Fortissimo Capital, has been sold to EMK Capital
Founded in 2003, Cardo Systems designs and markets wireless mesh and Bluetooth communication systems for motorcycle riders, skiers, site workers and other groups and individuals in motion. The company’s innovative products backed by proprietary, cutting-edge technology allows groups to communicate wirelessly with one another and connect safely to handsfree services (e.g. mobile phone, music streaming, radio and Global Positioning System). Fast growing and profitable, Cardo has pioneered a range of innovations and today is the clear technology leader in its field. The company has sold over six million of its world-leading communication devices worldwide.
Cardo is a premium brand that addresses a global enthusiast market, and its products are sold in over 80 countries. Headquartered in Israel, with operations in the Americas, Europe and Asia, Cardo employs over 100 people worldwide.
Lincoln alongside co-advisor Discount Capital served as exclusive financial advisors to Fortissimo Capital and founder Dr. Abraham Glezerman, working closely with shareholders and management throughout the sale of Cardo. This included providing mergers and acquisitions and industry expertise and managing all aspects of the transaction, including the negotiation phase. Terms of the transaction were not disclosed.
Harry Kalmanowicz, Managing Director in Lincoln’s Consumer Group, commented, “It has been a real pleasure working with shareholders and the excellent management team of Cardo. I am very pleased that in EMK Capital the business has found the perfect partner to support its future growth and fulfill its potential.”
We were delighted with the way Lincoln and Discount Capital conducted the sale of Cardo, managed the negotiations and delivered an outstanding outcome for all involved.
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