FIMI Opportunity Funds Overview
FIMI Opportunity Funds is an Israeli private equity firm. Since its founding, FIMI has successfully completed 99 investments, executed over 66 exits, with total transaction value of more than $6 billion, and raised seven funds. FIMI typically invests in mature Israeli and Israel-related companies that are mature, have significant revenue and run a profitable operation. It invests in companies with significant growth potential and tangible growth engines. FIMI seeks companies with a solid and highly motivated management team in place. The key to FIMIs successful investment strategy is its smart diversification. Investments are spread across a wide range of sectors, including automotive, electronic components, metals, software, aviation, plastics, building materials, communications, water filtration, pharmaceuticals, alternative and solar energy, warehousing, and logistics. The firm also diversifies its portfolio geographically by investing in companies that have a significant global footprint or are leaders in the Israeli market. FIMI's investors include commercial banks, insurance companies, provident and pension funds, college and university endowments, family offices, and high net worth individuals from the United States, Europe, the Far East, and Israel.
Latest News
growth-positive
Debt-ridden Landa printing acquired by FIMI in $80 million arrangement | CTech
Landa Corporation, a digital printing company founded by Benny Landa, has undergone a debt restructuring plan approved by the Central District Court. Private equity firm FIMI will acquire the company, investing $80 million into its operations. This acquisition ensures the continuation of the companys operations and protects the majority of its employees jobs. The restructuring comes after the company faced significant debts and sought court protection in July. The court-appointed administrators facilitated the process, and the judge emphasized that liquidation would yield minimal proceeds. The company specializes in advanced digital printing machines using a proprietary water-based inkjet process.
Acquired-byInvestment
growth-negative
FIMI, which revealed the figures, is proposing an 80 million shekel takeover as it seeks to stabilize a company reeling from massive financial damage.
Landa Digital Printing is facing significant financial challenges, with losses amounting to approximately $150 million annually. FIMI has proposed an $80 million acquisition to stabilize the company, which has received support from most creditors. However, there is opposition from Vitania, a major creditor, and Dagesh, which objects to a last-minute addendum providing legal claim releases for managers. FIMIs partner, Gillon Beck, acknowledges the companys losses but emphasizes the potential for recovery and the importance of maintaining critical suppliers. The acquisition aims to keep the company operational in Israel and preserve its patents and technologies.
Acquired-by
growth-negative
Israel’s largest private equity fund sees opportunity where BMW and Tetra Pak heirs lost billions.
Landa Digital Printing, a company facing financial difficulties, is set to receive an $80 million investment from FIMI, Israels largest private equity fund. The investment comes as part of a settlement plan that would give FIMI full ownership of the company. The current shareholders, including Susanne Klatten and the Rausing family, stand to lose their investments unless they counter FIMIs offer. The company has been poorly managed, with significant debts and operational challenges. FIMI aims to turn around the business by leveraging its expertise in reviving distressed companies. The plan involves convincing the global packaging industry of the value of Landas high-quality printers, which are tied to long-term maintenance contracts with existing customers.
InvestmentAcquired-by
growth-negative
FIMI to invest $80 million in Benny Landa's collapsed digital printing company | CTech
Landa Corporation Limited, a digital printing company, is set to be acquired by FIMI Opportunity Funds. The acquisition involves FIMI investing $80 million in exchange for new shares, while existing shares will be canceled. This move aims to address the companys significant debt of approximately NIS 1.7 billion ($498 million) and maintain its operations. The transaction requires approval from a creditors meeting and the court. The company has faced financial difficulties, leading to a reduction in its workforce. The acquisition is expected to help repay some of the debts and support the companys ongoing operations.
Acquired-byInvestmentLayoffs
growth-negative
If the bid is approved as part of the company's debt settlement, it will be one of the biggest-ever value write-downs in Israel.
Landa Digital Printing, an Israeli digital printing company, is facing significant financial challenges with debts totaling NIS 1.7 billion. FIMI Opportunity Funds has submitted an $80 million bid as part of a debt settlement plan. The company has laid off around 250 employees and is under a stay of proceedings. FIMIs offer aims to make the company profitable by addressing its debts and leveraging its 350 patents. Despite selling 51 machines, Landa Digital Printing has incurred heavy losses. If the bid is approved, it will be one of the largest value write-downs in Israel.
InvestmentLayoffsAcquired-by
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45 articles
growth-positive
Debt-ridden Landa printing acquired by FIMI in $80 million arrangement | CTech
Landa Corporation, a digital printing company founded by Benny Landa, has undergone a debt restructuring plan approved by the Central District Court. Private equity firm FIMI will acquire the company, investing $80 million into its operations. This acquisition ensures the continuation of the companys operations and protects the majority of its employees jobs. The restructuring comes after the company faced significant debts and sought court protection in July. The court-appointed administrators facilitated the process, and the judge emphasized that liquidation would yield minimal proceeds. The company specializes in advanced digital printing machines using a proprietary water-based inkjet process.
Acquired-byInvestment
growth-negative
FIMI, which revealed the figures, is proposing an 80 million shekel takeover as it seeks to stabilize a company reeling from massive financial damage.
Landa Digital Printing is facing significant financial challenges, with losses amounting to approximately $150 million annually. FIMI has proposed an $80 million acquisition to stabilize the company, which has received support from most creditors. However, there is opposition from Vitania, a major creditor, and Dagesh, which objects to a last-minute addendum providing legal claim releases for managers. FIMIs partner, Gillon Beck, acknowledges the companys losses but emphasizes the potential for recovery and the importance of maintaining critical suppliers. The acquisition aims to keep the company operational in Israel and preserve its patents and technologies.
Acquired-by
growth-negative
Israel’s largest private equity fund sees opportunity where BMW and Tetra Pak heirs lost billions.
Landa Digital Printing, a company facing financial difficulties, is set to receive an $80 million investment from FIMI, Israels largest private equity fund. The investment comes as part of a settlement plan that would give FIMI full ownership of the company. The current shareholders, including Susanne Klatten and the Rausing family, stand to lose their investments unless they counter FIMIs offer. The company has been poorly managed, with significant debts and operational challenges. FIMI aims to turn around the business by leveraging its expertise in reviving distressed companies. The plan involves convincing the global packaging industry of the value of Landas high-quality printers, which are tied to long-term maintenance contracts with existing customers.
InvestmentAcquired-by
growth-negative
FIMI to invest $80 million in Benny Landa's collapsed digital printing company | CTech
Landa Corporation Limited, a digital printing company, is set to be acquired by FIMI Opportunity Funds. The acquisition involves FIMI investing $80 million in exchange for new shares, while existing shares will be canceled. This move aims to address the companys significant debt of approximately NIS 1.7 billion ($498 million) and maintain its operations. The transaction requires approval from a creditors meeting and the court. The company has faced financial difficulties, leading to a reduction in its workforce. The acquisition is expected to help repay some of the debts and support the companys ongoing operations.
Acquired-byInvestmentLayoffs
growth-negative
If the bid is approved as part of the company's debt settlement, it will be one of the biggest-ever value write-downs in Israel.
Landa Digital Printing, an Israeli digital printing company, is facing significant financial challenges with debts totaling NIS 1.7 billion. FIMI Opportunity Funds has submitted an $80 million bid as part of a debt settlement plan. The company has laid off around 250 employees and is under a stay of proceedings. FIMIs offer aims to make the company profitable by addressing its debts and leveraging its 350 patents. Despite selling 51 machines, Landa Digital Printing has incurred heavy losses. If the bid is approved, it will be one of the largest value write-downs in Israel.
InvestmentLayoffsAcquired-by
growth-negative
The international printing and computing giant, along with a major Israeli investment fund, are the only entities to have expressed interest in acquiring Landa Digital Printing, which is currently under a court-approved stay of proceedings. Any buyer will likely acquire the company by assuming its over $500 million in debt, subject to a negotiated haircut for creditors.
Landa Digital Printing is facing a severe cash flow crisis, leading to a court-approved stay of proceedings as it seeks a buyer or investor. The company, known for its high-end digital printing machines, has attracted interest from HP and the Israeli investment fund FIMI. HPs interest is strategic, given potential synergies with its core operations, while FIMIs involvement is unexpected. Landa Digital has raised $1.3 billion but is burdened with over $500 million in debt. Despite increased revenue, the company posted significant losses in 2022 and 2023. A revised business plan aims to achieve breakeven within 18 to 24 months through cost reductions and price increases. However, the likelihood of shareholders recovering their investments remains low.
Acquired-byInvestment
growth-positive
FIMI sells TAT Technologies stake for NIS 129m
Israeli private equity firm FIMI Opportunity Funds has reduced its stake in TAT Technologies from 51.8% to 26.8% by selling a 25% stake for NIS 129 million. The shares were purchased by Israeli institutional investors More, Meitav, and Yelin Lapidot. TAT Technologies, which provides environmental control products and services for the aviation industry, is also conducting a private placement to raise NIS 37 million. The companys revenue in the first half of 2024 was $70.6 million, marking a 36% increase from the previous year. FIMI has seen a 120% return on its investment in TAT. The article was published on September 2, 2024.
PIPE/POInvestment
growth-positive
FIMI invests $60m in Kamada for controlling stake
Israeli biopharmaceutical company Kamada Ltd. has entered into a share purchase agreement with FIMI Opportunity Funds to purchase $60 million of its ordinary shares in a private placement. FIMIs stake in Kamada has increased from 21% to 38%, making it the controlling shareholder. Kamadas share price jumped 10% after the announcement. Kamada has a market cap of NIS 875 million. Since 2021, Kamada has acquired and developed a portfolio of promising products, including FDA approved biopharmaceutical products and anti-snake venom products.
Investment
growth-positive
"FIMI will invest in a significant high-tech company in the coming year" | CTech
Lilach Asher-Topilsky, a Senior Partner at FIMI Opportunity Funds, discussed the funds readiness to invest in the economy during a period of expected growth in interest rates and inflation. She mentioned that FIMI is looking at opportunities in various sectors, including medical products, defense, and the environment. Asher-Topilsky also expressed interest in investing in a significant high-tech company. She emphasized the importance of sustainable business models and profitability. Additionally, she highlighted the positive position of the Israeli economy, thanks to high-tech, energy resources, and a stable financial system. FIMI pledged to prevent discrimination in its operations. The article also mentioned Discount Banks decision not to grant credit to businesses that discriminate, with FIMI committing to follow suit.
InvestmentCustomers
growth-positive
Elbit Systems Completes the Sale of Ashot to FIMI Opportunity Funds for $84 Million
Elbit Systems has completed the sale of all ordinary shares held by its subsidiary, IMI Systems, in Ashot Ashkelon Industries to FIMI Opportunity Funds for approximately $84 million. Ashot specializes in manufacturing products for the aerospace and defense industries. The sale is consistent with Elbit Systems strategy to focus on its core areas of business.
Acquisition
growth-negative
FIMI buys Ashot Ashkelon stake from Elbit Systems for $88m
Israeli defense electronics company Elbit Systems has signed a definitive agreement to sell its 85% stake in Ashot Ashkelon to Israeli private equity firm FIMI Opportunity Funds for $88 million. The overall company valuation is $103.5 million. Elbit Systems acquired Ashot Ashkelon three years ago and attempted to buy the remaining 15% in April 2020 but was unsuccessful. The sale is consistent with Elbit Systems strategy to focus on its core areas of business. FIMI Opportunity Funds specializes in acquiring and enhancing industrial and service companies. Elbit Systems aims to merge Ashot Ashkelon into its overall operations.
Acquisition
growth-positive
בתוך 6 שנים: פולירם סידרה לפימי רווח של 713 מיליון שקל על הנייר כלכליסט
Poliram, a plastic manufacturer for the industry from Ram On, controlled by the FIMI fund, has shown a record quarter since its issuance, registering a nearly threefold increase in net profit in the second quarter of 2021. The companys revenues jumped by 83%, mainly thanks to the new factories it inaugurated. The company is currently investing in three additional production lines, including a new production line in Israel for plastic recycling. The companys revenues grew by 83% to NIS 244 million in the second quarter. The companys net profit jumped by 191% in the second quarter and amounted to NIS 34.4 million.
CustomersExpand
growth-negative
תדיר־גן קוטעת את רצף ההצלחות של פימי ונמכרת ללא תמורה כלכליסט
The Israeli company תדיר־גן, which produces automotive components, has been sold by investment fund פימי to DBSI, a company controlled by ברק דותן and יוסי בן שלום. The sale comes after תדיר־גן experienced heavy losses and was on the brink of bankruptcy. The deal is conditional on תדיר־גן receiving $10 million in return. The companys revenue has been steadily declining, and it recorded a gross loss last year and in 2016. The last year it managed to record a net profit was 2013.
Acquisition
growth-positive
FIMI acquiring Gal-Shvav for $100 million
Israel-based private equity firm FIMI Opportunity Funds is acquiring an 80% controlling stake in Gal‑Shvav for $100 million. Gal‑Shvav is a leading manufacturer of advanced systems for the hi-tech industry. The acquisition is expected to drive significant growth in the company.
Acquisition
growth-positive
FIMI completes takeover of E&M Computing
E&M Computing Ltd. has been acquired by private equity firm FIMI Opportunity Funds for NIS 443 million, valuing the company at NIS 720 million. The deal represents the largest acquisition deal in Israels IT services market in recent years. Since the deal was announced, E&M Computings share price has increased by 41%. Former politician Ofer Shelah has been appointed to the companys board. The sellers in the deal include former company chairman Yigal Shefer, current chairman Shraga Shahak, and board members Reuben Schrift, Jacob Walter, and Sarah Shahak. CEO Yoav Weinberg retains 440,000 shares and will join the partnership with FIMI. New directors on behalf of FIMI, including Gillon Beck and Ofer Shelah, have been appointed.
Acquisition
growth-negative
FIMI sells part of Gilat stake
FIMI Opportunity Funds, the largest shareholder in Gilat Satellite Networks, has reduced its holding to 26.8%. The private equity firm sold Gilat shares for $58.5 million, reducing its stake in the company. Gilat Satellite Networks has experienced a 153% rise in its share price this year. The rise in share price was likely caused by private investors after US hedge fund ARK raised its stake. FIMI Opportunity Funds first invested in Gilat in 2012 and has received dividends from the company totaling $20.3 million. The firm was meant to sell its shares in Gilat last year in the deal for the acquisition of the company by Comtech, but the deal was cancelled due to the coronavirus pandemic.
Investment
growth-positive
FIMI buys controlling stake in Emet Computing
Israeli private equity firm FIMI Opportunity Funds is acquiring a 62.5% stake in E&M Computing Ltd. for NIS 450 million at a company valuation of NIS 720 million. The deal is contingent on certain conditions and is expected to be completed within 90 days. E&M Computing has experienced a rise in share price following the announcement. The sellers include company veterans and the new chairman will be Gillon Beck, a senior partner at FIMI. E&M Computing has 22 subsidiaries, five production sites, and 1,100 employees. The company provides computing infrastructure and business computer solutions and is considered a leader in its field. The investment is expected to drive growth in the local and global markets.
Acquisition
growth-positive
FIMI looking full of health
Private equity firm FIMI Opportunity Funds has been making investments in the Israeli healthcare market. They have acquired control of a pharmaceutical company valued at over NIS 600 million, brought partners into a medical device company at a valuation of $140 million, acquired a diagnostics company valued at NIS 24 million, and sold shares in another pharmaceutical company. FIMIs outlook is focused on improving specific companies rather than industry-wide analysis. Their portfolio companies in the healthcare field include Kamada Pharmaceuticals, Simplivia Healthcare (formerly Tevadaptor), Rekah Pharmaceutical Industries, and Rafa Laboratories. FIMI plans to expand operations outside of Israel and may make further acquisitions through its existing portfolio companies. They have also entered the infrastructure sector by acquiring half the shares in Elyakim Ben-Ari Ltd.
AcquisitionPartners
growth-positive
אקזיט המיליונים של הד"ר מירושלים שפיתח ערכה לאבחון הסיכון להתקף לב
נובמד, a medical technology company, has been acquired by סימפליוויה for a value of 24 million shekels. סימפליוויה develops and manufactures medical equipment for the protection of medical teams from hazardous substances. נובמד develops diagnostic systems in the field of home care and digital medicine. The acquisition will contribute to סימפליוויהs growth.
Acquisition
growth-positive
FIMI quadruples investment on sale of Rivulis
The Singapore governments Temasek investment fund has completed the purchase of irrigation systems company Rivulis for $450 million. FIMI Opportunity Funds, which bought Rivulis in 2014, has realized its 60% stake at a company valuation of $450 million, quadrupling its investment. Rivulis, formerly known as John Deere Water, merged with Eurodrip in 2017 to become the worlds second-largest irrigation company. The company has 16 factories worldwide and 2,000 employees.
Acquisition
growth-positive
פימי השלימה את גיוס הקרן הגדולה בתולדותיה, בסכום של 1.2 מיליארד דולר
פימי, בראשות ישי דוידי, השיגה גיוס בסכום של 2 מיליארד דולר לקרן החדשה שלה. בין המשקיעים החדשים בקרן היו בנק ההשקעות השווייצרי קרדיט סוויס ומשקיע מאיחוד האמירויות. הגיוס מגוון בין משקיעים זרים וישראלים.
Investment
growth-negative
FIMI Announces the Results of Its Cash Special Tender Offer for Magal Security Systems Ltd.
FIMI Opportunity V, L.P and FIMI Israel Opportunity Five, Limited Partnership (collectively FIMI) announced the final results of their cash special tender offer to purchase ordinary shares of Magal Security Systems Ltd. The offer expired on July 2, 2020, and a minimum condition of the offer was not met. Therefore, none of the tendered shares will be accepted. FIMI is a part of Israels leading private equity funds and focuses on investing in selected mature Israeli or Israeli-related companies with strong growth potential and global footprint.
Investment
growth-positive
FIMI bids to raise Magal stake to 80%
FIMI Opportunity Funds has announced a cash special tender offer to purchase additional shares of Magal Security Systems, increasing their stake in the company from 42.6% to 80%. Magal Security Systems operates as a systems integrator for security systems and has a division called Senstar that offers software products and video surveillance and analysis systems. The offer is valued at $25.6 million. Magals share price closed down 1.33% on Friday, resulting in a market cap of $68.54 million.
Investment
growth-positive
US co buys Oxygen & Argon from FIMI for NIS 575m
Air Products & Chemicals is acquiring Oxygen & Argon Works, Israels largest manufacturer of industrial gases, for NIS 575 million. The acquisition is expected to provide major growth opportunities for Oxygen & Argon Works. FIMI Opportunity Funds, which previously acquired a 51% stake in Oxygen & Argon Works in 2015, is selling its stake for NIS 293 million, making a profit of NIS 180 million. The article was published on February 12, 2020.
Acquisition
growth-positive
FIMI Raises Seventh Fund, Targets $1.2 Billion
FIMI Opportunity Funds, an Israel-based private equity firm, has announced the launch of its seventh fund with a target of $1.2 billion in commitments. The firm currently manages $5.5 billion in assets. The previous fund, FIMIs sixth, was its largest to date at $950 million. Lilach Asher-Topilsky, recently appointed senior partner, will play a key role in the seventh fund. FIMI has invested in over 90 companies so far.
Investment
growth-negative
FIMI sells Bet Shemesh Engines shares for NIS 100m
Private equity firm FIMI Opportunity Funds has sold 8% of its shares in Bet Shemesh Engines for NIS 100 million. The share price fell 3% in trading. FIMI still holds a 35% stake in the company. Bet Shemesh Engines share price fell 13% in the past week but is up 60% on the year. FIMI has sold shares in Ham-Let Israel Canada for NIS 250 million in two months. Bet Shemesh Engines reported a 71% increase in revenue and a 128% surge in net profit for the first nine months of 2019. FIMI has made a series of large-scale investments in other companies.
Investment
growth-positive
FIMI appoints Lilach Asher-Topilsky chair of G1
Lilach Asher-Topilsky, former CEO of Israel Discount Bank, has been appointed as the chair of G1 Secure Solutions. G1 Secure Solutions is majority-owned by FIMI Opportunity Funds. Asher-Topilskys appointment comes after her resignation from Israel Discount Bank, which is believed to be due to the salary cap for managers in the financial systems. G1 Secure Solutions recently published positive financial reports, with increased revenue and net profit in the third quarter. The companys share price has jumped 9% in response to the news and its current market cap is NIS 555 million.
Management Changes
growth-positive
FIMI acquiring control of Amiad Water Systems
FIMI Opportunity Funds has increased its stake in Amiad Water Systems from 18% to 46% and has become the controlling shareholder in the company. The fund invested $36 million in Amiad Water Systems, acquiring an additional 5% of the companys shares. The deal reflects a company valuation of £52 million ($67 million). The agreement is designed to give FIMI control of the water filters company, after building a strong investment position in Amiad Water over the past 18 months. Kibbutz Beit Zera is also expected to sell its shares to FIMI after the deal is completed.
InvestmentAcquisition
growth-positive
FIMI sells Ham-Let stake for $43m
FIMI Opportunity Funds has sold 18% of its shares in Ham-Let (Israel-Canada) Ltd. for NIS 150 million ($43 million), bringing its total proceeds from the company to $71 million, 1.2 times its initial investment. FIMI still owns 42% of Ham-Lets shares, with a market value of NIS 366 million ($104 million). Ham-Let develops and manufactures fittings, faucets, and valves for industrial command and control systems. Since FIMI acquired control of Ham-Let, it has implemented strategic changes, replaced managers, and made acquisitions. Ham-Lets market cap is currently NIS 870 million, with a 38% drop in share price in the past year. However, FIMI anticipates a three or four-fold return on its investment in Ham-Let.
InvestmentExpand
growth-positive
FIMI to increase Amiad Filtration Systems stake to 46%
FIMI Opportunity Funds is in talks to invest NIS 100 million more in Amiad Filtration Systems, a kibbutz company. FIMI first invested in Amiad in 2018 and increased its stake in the company four months ago. The negotiations involve FIMI investing $22 million at a 10% lower share price. Amiad will issue new shares to FIMI, constituting 25% of its share capital. FIMI is also negotiating to acquire an additional 10% of the company from Kibbutz Amiad and Kibbutz Beit Zera. If the deal is completed, FIMI will hold 46% of Amiad Water Systems, and Kibbutz Amiad will hold 33%. Amiads financial reports for the first half of the year showed growth in revenue but a drop in net profit. FIMI has also signed a letter of intent to acquire control of Tahal and is trying to sell Rivulis Irrigation.
Investment
growth-positive
FIMI in Talks to Buy Controlling Stake in Kibbutz-Owned Water Treatment Company
Israel-based private equity firm FIMI Opportunity Funds is in advanced talks to acquire a controlling stake in Amiad Water Systems Ltd. FIMI already holds 18% of the company and is looking to acquire up to 27% more. The acquisition would be worth as much as GBP 17.4 million. Amiad Water Systems manufactures and sells water filters and filtration systems and is listed on the London Stock Market. The company ended 2018 with revenues of $114 million and EBITDA of $9 million. FIMI, with over $5 billion in assets under management, is Israels largest private investment firm.
Acquisition
growth-negative
FIMI Moves Ahead with Acquisition of Controlling Stake in Infrastructure Company Tahal
Israel-based private equity firm FIMI Opportunity Funds has signed a non-binding letter of intent to acquire control of infrastructure company Tahal Group International BV. FIMI will infuse the company with $35 million for a 51% stake if the negotiations come through. Tahal has been up for sale since 2016 and has faced financial difficulties. The acquisition by FIMI is expected to provide financial stability.
Acquisition
growth-negative
FIMI in Early Talks to Sell Irrigation Company Rivulis
Israel-based private equity firm FIMI Opportunity Funds is in early talks to sell micro irrigation company Rivulis Irrigation Ltd. The firm and its partners, Paine Schwartz Partners LLC and Dhanna Engineering (DEL), have hired Goldman Sachs to lead the sale. The sale price is expected to be between $500 million and $550 million. Rivulis was created when FIMI acquired the water division of John Deere in 2014 for $65 million. Since the acquisition, FIMI has taken steps to bolster Rivulis, including closing operations in China, laying off 250 employees, and leading several acquisitions.
PartnersLayoffs
growth-positive
FIMI completes acquisition of Teva's Kiryat Shmona plant
FIMI Opportunity Funds has completed the acquisition of the Migada plant in Kiryat Shmona from Teva Pharmaceutical Industries for $47.5 million. The acquired plant, Tevadaptor, produces a closed system for protecting medical teams against exposure to hazardous materials. Ori Yehudai, former CEO of Frutarom, will join Tevadaptor as chairman. Tevadaptor currently has 200 employees and is profitable. Tevas streamlining plan aims to save $3 billion in costs. Tevas market cap is $16.6 billion.
Acquisition
growth-positive
FIMI sells remaining Novolog stake
FIMI Opportunity Funds sold its remaining stake in Novolog Pharm-Up 1966 Ltd. at a premium price. Novologs share price has declined since its IPO, but the companys market cap is NIS 450 million. Most of the shares were purchased by Mori Arkin and Ehud Pozis. FIMI acquired 50% of Novologs shares in 2013 and made a 3.5 times return on its investment. Novolog has acquired Infomed and Target Care. Novologs revenue grew in 2018.
Investment
growth-positive
FIMI buys 70% Stern Engineering stake
FIMI Opportunity Funds is acquiring 70% of Stern Engineering for $34 million, reflecting a $49 million valuation for the company. The founders of Stern Engineering will retain 30% of the shares and continue to manage the company. Stern Engineering develops and manufactures electronic sanitation products and sells them in over 80 countries. FIMI Opportunity Funds is Israels first and largest private equity fund with $5 billion in managed assets.
Acquisition
growth-positive
FIMI mulls TASE IPO for security co G1
FIMI Opportunity Funds is considering selling some of its holdings in G1, the leading provider of security services in Israel. FIMI recently met with major investment institutions to test the feasibility of an IPO on the Tel Aviv Stock Exchange (TASE) for G1, potentially in late 2018 or early 2019. FIMI has successfully sold holdings in other portfolio companies through IPOs on the TASE. G1, with an annual revenue turnover of NIS 700 million, is a growing and profitable company. It provides security, guarding, and safety services in Israel and has divisions in security, call center, technology, and computerized systems. G1 was acquired by FIMI in 2017 from UK company G4S.
Public Trading
growth-negative
FIMI mulls buying plastic packaging co Plastopil
FIMI Opportunity Funds is considering acquiring control of Plastopil, an industrial company. Plastopil manufactures flexible plastic sheets for packaging. The companys share price has declined by 12% over the past year, and it has a market cap of approximately NIS 60 million. Kibbutz Hazorea currently owns 77% of Plastopils shares. Plastopil has not received any inquiries about the acquisition. The company has factories in the Netherlands and on Kibbutz Sde Nahum, as well as a subsidiary in the US.
Acquisition
growth-positive
FIMI Opportunity Funds Forks Over $40 Million for 50% of BIRD Aerosystems
Israeli private equity firm FIMI Opportunity Funds has acquired 50% of BIRD Aerosystems, a manufacturer of airborne missile protection and surveillance systems. BIRD Aerosystems develops airborne missile protection systems for military and non-commercial aircrafts, as well as airborne surveillance, information, and observation solutions. The companys main customers are militaries and government agencies.
Acquisition
growth-positive
FIMI buys top floor of Alon Towers for NIS 21m
Investment fund FIMI Opportunity Funds has purchased the top floor of Alon Towers 2 in Tel Aviv from Haargaz Group for NIS 21 million. The floor contains 1,100 square meters and the purchase includes 15 parking spaces. FIMI currently rents office space in the Electra tower and will move to the new offices in early 2019. The Alon Towers project consists of two 40-storey office towers in Tel Aviv. Haargaz acquired the land for the towers in 2011 for NIS 240 million. FIMI, Israels leading private equity fund, has invested in a total of 87 companies and currently has investments in companies with over 27,000 employees.
Investment
growth-positive
FIMI raises $1.1b private equity fund
FIMI Opportunity Funds has completed a $1.1 billion financing round for its sixth fund, making it the largest fund ever raised in Israel. The demand for the fund exceeded $2 billion, and the investors were evenly divided between Israelis and foreigners. FIMI Opportunity Funds is Israels largest investment fund, with a current equity of $3.2 billion. The fund acquires a controlling interest in companies and upgrades them. FIMI plans to invest $250 million a year in 4-5 Israeli companies. The fund has been rated one of the five best funds in the world every year in the past decade.
Investment
growth-positive
FIMI starts raising $1b sixth fund
FIMI Opportunity Funds has announced the commencement of its campaign to raise $1 billion for FIMI Fund 6. Once the financing round is completed, FIMI will have $3.1 billion in equity. FIMI believes in the Israeli economy, its growth potential, and its high-quality personnel. FIMI has a broad international perspective that provides added value to the companies it controls. The new fund will continue the strategy of investing in companies with significant growth engines, turning their business around, and making them leaders in their field.
Investment
growth-positive
FIMI buys control of Oxygen and Argon Works for NIS 180m
Private equity fund FIMI Opportunity Funds has signed an agreement to acquire a controlling interest in Oxygen and Argon Works for NIS 180 million, reflecting a company value of NIS 353 million. Oxygen and Argon Works is Israels largest manufacturer of industrial gases. The acquisition will dilute the ownership of the current shareholders, but they believe that FIMI will improve the company. The deal also prevents potential disputes among the shareholders. Oxygen and Argon Works has 120 employees and serves hundreds of customers. The deal aligns with FIMIs profile as an industrial company.
Acquisition
growth-positive
FIMI buys control of Hadera Paper
FIMI Opportunity Funds has acquired Clal Industries 59% stake in Hadera Paper Ltd. for NIS 354 million, representing a 31% premium on the opening price of Hadera Paper stock. The deal is subject to approval by the Antitrust Authority and the Minister of Energy, Infrastructures and Water. Hadera Paper is a manufacturing company that deals in the manufacture and sale of paper for packing and printing. The investment by FIMI Opportunity Funds is seen as a vote of confidence in Hadera Papers path and potential for growth and profitability.
Acquisition
growth-negative
FIMI completes John Deere Water acquisition
FIMI Opportunity Funds has acquired John Deere Water for $60 million. The acquisition is seen as a growth-negative for the company. John Deere Water includes Plastro Irrigation of Kibbutz Gvat and US irrigation equipment companies Roberts Irrigation Inc. and T-Sytems International Inc. The acquisition is part of FIMIs strategy to acquire companies and establish their center of business in Israel. FIMI plans to make necessary changes at John Deere Water to improve its growth strategy and operational performance.
Acquisition
Similar Companies
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FIMI Opportunity Funds Internal
Recent Updates
Ortal Wein
· ortalw@sncentral.org · Manual · 2022-11-15 14:57:58.000000
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Ortal Wein
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Ortal Wein
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Ortal Wein
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Matan Eblagon
· matane@sncentral.org · Manual · 2025-06-15 20:57:46.000000
Matan Eblagon
· matane@sncentral.org · Manual · 2025-06-15 20:57:45.000000
Matan Eblagon
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Ortal Wein
· ortalw@sncentral.org · Manual · 2025-08-11 08:35:45.000000
Ortal Wein
· ortalw@sncentral.org · Manual · 2022-11-15 15:11:24.000000
Ortal Wein
· ortalw@sncentral.org · Manual · 2022-11-15 15:10:58.000000
Ortal Wein
· ortalw@sncentral.org · Manual · 2022-11-15 15:09:57.000000
Matan Eblagon
· matane@sncentral.org · Manual · 2025-06-15 20:57:53.000000
Maor Perlov
· maor.perlov@sncentral.org · Manual · 2024-04-17 15:11:49.000000
Doron Bobman
· doron.b@sncentral.org · Manual · 2025-02-04 14:46:45.000000
Matan Eblagon
· matane@sncentral.org · Manual · 2025-06-15 20:57:51.000000
Matan Eblagon
· matane@sncentral.org · Manual · 2025-06-15 20:57:47.000000
Matan Eblagon
· matane@sncentral.org · Manual · 2025-06-15 20:57:47.000000
Matan Eblagon
· matane@sncentral.org · Manual · 2025-06-15 20:57:52.000000
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Admin Info
| Confidence | 53/100 |
| Missing | product stage, sector, founding month, number of employees, business model, tag line, funding rounds, markets, external profiles, not claimed |
| BI Verification | Yanina Wainscheinker |
| Registrar ID | 515371482 |
| Crunchbase | first-israel-mezzanine-investors |
| Phone | +97235652244 |
| Last updater | Ortal Wein |
| Updater email | ortalw@sncentral.org |
| Last update | 2022-11-15T00:00:00.000Z |
| Created | 2015-08-25T00:00:00.000Z |