Three new companies join Tene III’s portfolio
Tel-Aviv, 31 March 2017 –Tene Investment Funds III completed three investments in March 2017 - Scodix Ltd., Sharon Laboratories Ltd. and Telefire Fire & Gas Detectors Ltd.
Scodix manufactures and markets digital print enhancement presses for the commercial printers and packaging industries. The company’s revolutionary products provide unique digital print enhancement solutions which have clear technological advantages over existing solutions in the market. Tene III acquired a 12.2% stake in the company (preferred shares, on a fully diluted basis).
Sharon Labs develops, produces and markets specialty chemical compounds and blends for the cosmetics, food and drink industries. Sharon Labs specializes in producing preservatives for cosmetics, both traditional and innovative (free-of or natural) preservatives. Tene III now holds 59.8% of the company whereas the remainder is held by the founding family.
Telefire develops, produces and sells fire detection systems and complementary products in Israel and abroad. The company provides a full fire detection solution, including fire alarm control panels, conventional and specialty detectors, smoke control systems etc. Tene III acquired 58.3% of the company while the rest is held by the founding families.
Tene is looking forward to supporting the companies in their next phase of growth and global development, each in its specific, unique markets. Dr. Ariel Halperin, Tene's Senior Managing Partner, stated: "The three recent investments of Tene III are in companies which are leaders in their fields. These three companies exemplify Israel’s exceptional and varied industrial landscape, combining both technology and innovation along with strong ties to global markets. Tene, together with our partners, are looking forward to facilitate and support the substantial phase of growth ahead”.
Tene Investment Funds is an Israeli private equity fund focused on investment in Israeli industrial companies. Tene invests in established, export and growth oriented companies with leading global market positions.