Realizing Potential in Israel's Growth Industries
Tel-Aviv, January 19, 2015 – Tene Investment Funds II, an Israeli PE fund, led the sale of 100% of the shares of SCR to the Allfex Group at a valuation of $250 million (EV). Tene held a controlling stake in the company, along with the company founders.
Moscow, 20 June 2013 – UC RUSAL (SEHK: 486; Euronext: RUSAL/RUAL; Moscow Exchange: RUALR/RUALRS), a leading, global aluminum producer, and Omen High Pressure Die Casting, which specializes in the production of automotive components from non-ferrous metals, announce the signing of a memorandum outlining details of the creation of a joint venture to produce automotive components.
Tel-Aviv, 29 April 2014 – Tene Investment Funds Completed the acquisition of 100% of the shares of Gadot Chemical Tankers and Terminals LTD. Founded in 1959, Gadot is a leader in transport, storage, blending, tolling, procurement and distribution of liquid chemicals, oils and chemicals' raw materials. The company's headquarters are in Netanya, Israel, and it operates several facilities in Israel, Belgium, the Netherlands and Germany.
New York, May 23, 2013 – Tene Investment Funds, an Israeli PE fund, completed the sale of its holding in CaesarStone Sdot-Yam Ltd. (NASDAQ: CSTE). Tene sold 91% of its holding in an underwritten public offering on April 11th, 2013, at a price of $23.25 per share, reflecting a company equity value of over $800M. Tene completed the sale of its holdings on May 22nd, 2013, at a price of $26.38 per share. For Tene this represents an exit at a multiple of more than 5x on its investment.
