Fimi
Found 9 recent publications
Economy Minister Nir Barkat Shifts Stance to Support Hapag-Lloyd's ZIM Buyout
Economy Minister Nir Barkat shifted his stance to support Hapag-Lloyd and FIMI's $4.2 billion acquisition of ZIM, following revised terms and security assurances.
FIMI Fund Acquires 55% Stake in MMD SMART for $55 Million
FIMI investment fund, led by Ishay Davidi, acquired a 55% controlling stake in MMD SMART for $55 million. The global cloud communications firm generates about NIS 500 million annually.
Hapag-Lloyd and FIMI to Submit Improved $4.2 Billion Bid for ZIM Acquisition
Hapag-Lloyd and FIMI have been granted a 30-day extension by the Government Companies Authority to submit an improved $4.2 billion acquisition proposal for ZIM, addressing state concerns over the golden share and maritime security.
With such weak performance, it is no wonder that the Kibbutz Yizre'el company is looking for a lifeline
Maytronics ended the second quarter with a decrease in revenue alongside a transition to a loss of about 8 million shekels. While it is holding talks for investment from the FIMI fund, the company announced an additional efficiency plan that will help it meet its obligations.
With a 33% jump: This was the hottest stock of the week on the stock exchange
The battered stock of the kibbutz-owned company led the Tel Aviv Stock Exchange last week with a jump of 33.65%, after confirming initial contacts for an investment by the FIMI fund. The jump returned the company's value to about 250 million shekels - a recovery from the low recorded below 200 million, but still around an all-time low and below equity. What is behind the jump, and where can it go...
Maytronics confirms talks to sell control to FIMI and raise 300 million shekels
Maytronics has officially confirmed reports regarding negotiations to raise 300 million shekels in capital and a potential sale of control to the FIMI fund. The move aims to reduce the company's 600 million shekel debt and restructure its production operations.
Kibbutz Yizre'el ready to give up control of Maytronics, FIMI in talks
Kibbutz Yizre'el is seeking a 300 million shekel investment to rescue pool cleaning robot manufacturer Maytronics. The FIMI fund is currently in negotiations to acquire a controlling stake.
State to oppose sale of Zim; hearing for FIMI and Germany's Hapag-Lloyd in September
Discussions regarding the $4.2 billion sale of Zim to Germany's Hapag-Lloyd and the FIMI fund are gaining momentum, with current estimates suggesting the deal will not be approved.
FIMI Fund Records Rare Loss in This Company: Now It Secures a Giant Order
PEAX Group, controlled by the FIMI fund, has signed a defense order worth 115 million shekels—nearly half of its market value. However, this specific investment has been one of the few loss-making ones for the successful fund.