Chinese Fund Ballet Vision Acquires Full Ownership of Hanita Lenses
Chinese investment fund Ballet Vision acquired full ownership of Hanita Lenses after paying nearly $6 million to Kibbutz Hanita under a settlement agreement, ending a legal dispute over the medical optics manufacturer.
The Chinese investment fund Ballet Vision has paid nearly $6 million to Kibbutz Hanita under a settlement agreement, securing full ownership of Hanita Lenses. In exchange for the payment, the fund acquired the remaining shares held by the kibbutz in the medical optics manufacturer located near The North.
The legal dispute centered on the control of the lens company situated near the northern border. Earlier this year, the kibbutz filed a lawsuit against the Chinese fund, which previously held 80% of the company, demanding that the fund purchase its remaining 20% stake for $11 million. In 2021, the fund had acquired about 74% of the company for $35 million, paying $25 million directly to the kibbutz and injecting $10 million into the company.
Additional shares were subsequently allocated to the Chinese fund in two tranches, diluting the kibbutz's holdings. According to the lawsuit, the fund paid $7 million for the first dilution and committed to paying another $8 million for the second, though those funds were not transferred. In December 2025, the kibbutz notified the fund that it was exercising its option to force the purchase of its remaining shares. The kibbutz explained that it urgently needed the funds for rehabilitation following the 'Iron Swords' war, having endured two extremely difficult years due to its proximity to the border.
Kibbutz Hanita was represented by attorneys Tomer Weissman, Yael Zeira, and Saar Einbar Ben Zeev from the EBN law firm. Ballet Vision was represented by attorneys Ofer Shapira and Adi Shohat from Shibolet & Co.
