Tene Investment Funds News
10 articles
growth-positive
קרן טנא מנהלת מגעים לרכישת השליטה בקבוצת נפטון־רולן | כלכליסט
Tene Investment Funds is in talks to acquire a controlling stake in Neptune-Rolan, a group involved in construction and shipping container operations. The deal is for 50-60% of the company, valued at 500-600 million shekels. Tene sees potential synergies in the acquisition due to its stake in Haifa Port. The Neptune-Rolan group consists of two arms: a construction arm and a shipping and containers arm. The acquisition, if successful, will be from the founding families, the second generation of the Veron and Pondak families from Tivon.
Acquisition
growth-positive
טנא מגייסת 600 מיליון דולר עבור הקרן החמישית שלה כלכליסט
Tene Investment Funds, an Israeli private equity firm, is reportedly seeking to raise $600 million for its fifth fund. The firm has previously raised $1.1 billion across four funding rounds. The new fund could potentially increase to $700 million or more. Tenes previous fund, Tene 4, raised $410 million initially but later grew to $560 million after a significant investment in Haifa Chemicals. The firms notable investors include Leumi Partners, Phoenix Insurance Company, Menora Mivtachim, and Altshuler Shaham.
InvestmentAcquisition
growth-positive
טנא רכשה מניות החברה של קיבוץ געתון לפי שווי של כחצי מיליארד ש' בלעדי
Israeli medical equipment company, ת.א.ג, has sold 9% of its shares to investment firm קרן טנא for tens of millions of shekels. The deal values the company at between 400-500 million shekels, a significant increase from the 75 million shekels it was valued at when קרן טנא first acquired a controlling stake in 2011. The company, which develops and manufactures medical devices, is expected to move to a new factory in the Bar Lev industrial area outside of the kibbutz. Its annual revenue is estimated at tens of millions of dollars.
InvestmentAcquisition
growth-positive
Tene in talks on stake in Haifa Chemicals
Israeli private equity firm Tene Investment Funds is in negotiations to purchase a substantial stake in Haifa Chemicals for hundreds of millions of shekels at a valuation of over NIS 1 billion. Haifa Chemicals produces agricultural fertilizers and industrial chemicals and operates through sixteen subsidiaries worldwide. The Trump family, who owns Haifa Chemicals, acquired control of the company in 2008. This is not the first time negotiations have been held for the sale of control of the company.
Acquisition
growth-positive
קרן טנא רוכשת בארה"ב חברה לפיתוח ושיווק זרעי ירקות
Tene Investment Funds, an Israeli private equity firm, has acquired Ahern, a US-based company that specializes in the development and distribution of vegetable seeds, for $55 million. The acquisition is part of Tenes strategy to connect Ahern with Israeli agricultural technologies. The deal also involves a partnership with Israeli company Pulse Agri Investments, whose owners will move to California to manage Ahern. The acquisition was made using funds raised by Tenes fourth fund, which raised $410 million in September 2017.
AcquisitionInvestment
growth-positive
Tene exiting Gadot Chemical Terminals at triple valuation
Private equity firm Tene Investment Funds is planning to float Gadot Chemical Terminals on the Tel Aviv Stock Exchange at a valuation of $350 million. Tene Investment Funds bought Gadot in 2014 and seeks to float the company again at a valuation three times higher than the purchase price. Gadot Chemical Terminals has published a draft prospectus for the flotation, which includes an offer for sale by Tene Investment Funds. The company recorded $331 million in revenue in the first three quarters of 2020, with gross profit and operating profit showing significant growth compared to the previous year. The flotation will be led by Leumi Partners Underwriters, Barak Capital Underwriting, and Discount Capital Underwriting.
Public Trading
growth-positive
Tene Fund to Buy Controlling Stake in Industrial Valves and Actuators Company Habonim
Tene Investment Funds Ltd. is acquiring a 74% stake in Habonim Industrial Valves & Actuators Ltd. for NIS 100 million. The deal is based on a company valuation of NIS 130 million and will involve the issuance of new stock. Habonim, founded in 1949, manufactures valves and actuators for the chemical, oil, and gas industries. Its sales are estimated at NIS 100 million to NIS 150 million per year.
Acquisition
growth-positive
Tene raises $410m private equity investment fund
Tene Investment Funds Ltd. has closed its fourth fund, raising a total of $410 million. The fund will invest in export companies and specializes in investments in industrial companies. Tenes investment strategy focuses on mature industrial companies with potential for development and growth outside of Israel. The fund has had successful exits with investments in Netafim Ltd. and Caesarstone Sdot Yam Ltd. Tenes previous funds managed $500 million in assets. The new fund is Tenes largest. The company was founded in 2005 and is led by senior managing partner Dr. Ariel Halperin.
Investment
growth-positive
Private equity funds compete to buy A.L. Filter
Prominent private equity funds in Israel are competing to acquire A.L. Filter, an automotive filter manufacturer. The family-owned company, founded by brothers Gideon and Ehud Aloni, is considering selling and has hired a financial consultant. The interested parties include FIMI Opportunity Funds, Tene Investment Funds Ltd., and Fortissimo Capital, all of which have experience in enhancing the value of industrial companies. A.L. Filter has over 1,100 employees and its filters are used by prominent auto manufacturers such as BMW, Mitsubishi, Renault, Ford, and Honda. The companys annual sales volume is estimated to be nearly $100 million.
Acquisition
growth-negative
Tene to acquire Gadot Chemical Tankers for $73m
Tene Investment Funds Ltd. will acquire Gadot Chemical Tankers and Terminals Ltd. for $73 million after submitting the highest bid in the tender. FIMI Opportunity Funds made a higher bid but was disqualified for missing the deadline. Gadot Chemical Tankers, founded in 1958, operates through subsidiaries in Europe and Israel to store and ship chemicals. The acquisition will allow Israel Discount Bank to recover the loan it gave Ampal-American Israel Corporation to acquire Gadot in 2007-08.
Acquisition
