Fresh after launching 7th fund, FIMI sells Rivulis at USD 450 million
After completing the raising of the largest fund in its history, amounting to USD 1.2 Billion, FIMI has completed the sale of irrigation systems company Rivulis to the Singapore’s government investment company Temasek at a company valuation of USD 450 million.
Having bought Rivulis in 2014 (then called John Deere Water) for just USD 57 million, FIMI is now realizing its 60% stake at a company valuation of $450 million, thus quadrupling its investment.
Rivulis Irrigation was represented by Naschitz Brandes Amir, led by
Senior Partner Sharon Amir along with partners Einat Rosu, Daniella Ben Shalom, Golan Kaneti, and associate Danielle Weissman.
FIMI is the leading private equity firm in Israel with a track record of success spanning over 20 years. Before this transaction, FIMI had raised six private equity funds with more than USD 3 Billion in aggregate capital commitments.
Rivulis is a global leader in micro and drip irrigation solutions that help growers achieve higher yields and maintain the sustainability of land and livelihood.
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