FIMI Opportunity Funds has sold its holdings in Gilat to Phoenix for USD 92 million

Categories: Corporate and M&A

FIMI Opportunity Funds has sold its holdings in Gilat Satellite Networks to Phoenix for USD 92 million, with Naschitz, Brandes, Amir advising FIMI on this strategic deal, led by Sharon Amir and Sharon Gold.

The private equity fund has invested UDS 81.3 million in the satellite company since 2012. Following the transaction, Phoenix will hold close to 20% of Gilat.

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