June 30, 2021
Technology, Consumer, Retail, E-commerce and Leisure
Acquisition financing, Debt advisory
GCA Altium advises EMK Capital on raising debt financing for their acquisition of Cardo Systems
GCA Altium acted as exclusive debt advisor to EMK Capital on raising debt financing for their acquisition of Cardo Systems from Fortissimo Capital and Dr. Abraham Glezerman, its founder and chairman. Based in Tel Aviv, Cardo Systems is an industry pioneer and global market leader in wireless communication systems for groups and individuals in motion.
Established in 2003 and headquartered in Israel, Cardo Systems has more than 100 employees across its operations in the Americas, Europe and Asia. The firm designs and markets wireless mesh communication systems for motorcycle riders, skiers, site workers, and other groups and individuals in motion. Its innovative products backed by proprietary, cutting-edge technology allow groups to communicate wirelessly with one another and connect safely to hands free services such as mobile phones, music streaming, radio and GPS. Cardo Systems is a premium brand that addresses a global enthusiast market, and its products are sold in over 80 countries.
The financial details of the transaction were not disclosed.