Shamrock Israel Growth Fund raises $125m

The fund will make investments of $5-$20 million in Israeli companies, mainly export-oriented middle market businesses wishing to expand.

Shamrock Capital Advisors, the Burbank-based investment arm of the Roy E. Disney family, announced today the final closing of the Shamrock Israel Growth Fund (SIGF), which attained its $125 million target.

Investors in the fund include leading U.S. and Israeli pension funds, insurance companies, and commercial banks, as well as large family firms in the US and Australia.

Shamrock has been one of the most recognized and successful private foreign investors in Israel for more than 17 years.

Shamrock's primary focus has been on late-stage transactions including buy-outs, growth capital investments, purchases of significant positions in publicly traded companies, privatizations, and spin-offs in established sectors. Transactions have included media and communications, manufacturing, energy, automotive parts and defense.

Past investments have generated an internal rate of return IRR of more than 30% and include such companies as Koor Industries (NYSE: KOR; TASE: KOR), Matav Cable Systems Media (Nasdaq: MATV; TASE: MATV), and Tadiran Communications (TASE: TDCM).

The fund intends to make investments of $5-$20 million in Israeli companies with particular emphasis on export-oriented middle market businesses that require growth capital for international expansion, capacity build-out or acquisitions. The fund currently holds interests in four portfolio companies.

Shamrock also manages the Shamrock Capital Growth Funds I and II, Genesis L.A. Real Estate Funds I and II, Shamrock Activist Value Fund and the Shamrock-Hostmark Hotel Fund.

Published by Globes [online], Israel business news - - on Wednesday, November 02, 2005

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