Riverwood Capital buys Israeli AI pricing co Quicklizard

The wave of tech IPOs in 2020-2021 delivered to the Tel Aviv Stock Commerce (TASE) dozens of companies with huge wishes, most of which have upset merchants. Inside the case of Quicklizard (TASE: QLRD), no matter a sluggish start, the story has a optimistic ending. US personal equity company Riverwood Capital is searching for Quicklizard for NIS 186 million, reflecting a 30% premium on yesterday’s market value. When the deal is completed, subject to regulatory circumstances, the Israeli agency will flip right into a fully-owned subsidiary of Riverwood and might delist from the TASE.

Based in Petah Tikva, Quicklizard, led by cofounder and CEO Pini Mandel, develops pricing software program program that analyzes information from numerous sources using an engine with AI capabilities. This allows producers and retailers to automate and optimize the pricing system all through all promoting and distribution channels.

Those who purchased the company’s stock inside the IPO 4 years up to now are form of breaking even. Following the report on the sale, Quicklizard’s stock soared about 20% instantly, ending an annual soar of nearly 50% to a market cap of NIS 143 million, which was close to the transaction value. Since May 2023, the stock has jumped 250%, amid investor enthusiasm for the AI space whereby it operates.

Quicklizard raised NIS 45.5 million in its TASE IPO in February 2021 and fell sharply thereafter sooner than recovering over the earlier yr. Inside the first six months of 2024, the company had revenue of NIS 13.6 million, up 40% from the corresponding interval of 2023 and a web lack of NIS 5.6 million, following a web lack of NIS 10.7 million in full yr 2023.

Revealed by Globes, Israel enterprise data – en.globes.co.il – on February 5, 2025.

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