FIMI Opportunity Funds today announced the commencement of its campaign to raise $1b for FIMI Fund 6. Once the financing round is completed, FIMI will have $3.1 billion in equity.
FIMI founder and CEO Ishay Davidi said, "I'm glad to announce today the beginning of raising money for the new fund. Three years ago, we completed the fifth fund. We carried out the strategy and achieved the targets we set for ourselves, in which we acquired control of companies and took determined measures to enhance their value. FIMI believes in the Israeli economy, its growth potential, and its high-quality personnel."
FIMI senior partner and deputy CEO Gillon Beck added, "FIMI's vast experience in upgrading companies will also bring added value to the sixth fund we are starting to raise. 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."
Up until now, FIMI has invested in the following companies, among others: Retalix, Rivulis Irrigation (John Deere Water), Pharm-Up, Magal Security, Safety, Site Management, TANA Industries (Tami 4), Schneider Group, Ham-Let (Israel-Canada) Ltd. (TASE: HAML), Ormat Technologies Inc. (NYSE: ORA; TASE: ORMT), Ophir Optronics (TASE: OPIR), Scope Metal Trading and Technical Services Ltd. (TASE: SCOP), Medtechnica Ltd. (TASE: MEDI), Hamat Group (Merhav),Gilat Satellite Networks Ltd. (Nasdaq: GILT; TASE: GILT), Metro Motor, TAT Technologies Ltd. (Nasdaq:TATT; TASE:TATTF), Urdan Metal Casting Industries, Orlite (Millennium), Nirlat Group, Tadiran Communications (TASE: TDCM), Ytong, Lipman Electronics Engineering (Nasdaq: LPMA; TASE: LPMA), Formula Systems Ltd. (Nasdaq: FORTY; TASE: FORT), RH Technologies Ltd. (TASE: RHTCH), Orian, MDT Micro Diamond Technologies, Raviv ACS, Tahal Group International BV, Priortech Ltd. (TASE:PRTC), Tadir-Gan (Precision Products) Ltd. (TASE: TDGN), Solbar Industries Ltd. (TASE: SLBR), HR Givon, C. Mer Industries Ltd. (TASE: CMER), Overseas Commerce, Hadera Paper Ltd. (TASE: AIP; Pink Sheets: HAIPF), Oxygen and Argon Works, and others.
Published by Globes [online], Israel business news - www.globes-online.com - on July 21, 2015
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