M&A Deal Summary

FIMI Opportunity Funds Acquires Stern

On January 22, 2019, private equity firm FIMI Opportunity Funds acquired consumer products company Stern for 34M USD

Acquisition Highlights
  • This is FIMI Opportunity Funds’ 1st transaction in the Consumer Products sector.
  • This is FIMI Opportunity Funds’ 5th largest (disclosed) transaction.
  • This is FIMI Opportunity Funds’ 1st transaction in the United States.
  • This is FIMI Opportunity Funds’ 1st transaction in New Jersey.

M&A Deal Summary

Date 2019-01-22
Target Stern
Sector Consumer Products
Buyer(s) FIMI Opportunity Funds
Deal Type Add-on Acquisition
Deal Value 34M USD

Target

Stern

Clifton, New Jersey, United States
Stern is specializing in electronic sanitation products, including touchless faucets, soap dispensers, and hand dryers—serving both commercial and institutional markets. Stern was founded in 1989 and is based in Clifton, New Jersey.

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Buyer(S) 1

Buyer

FIMI Opportunity Funds

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1996
PE ASSETS 7.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

FIMI Opportunity Funds is a private equity firm that usually looks for Israeli and Israeli-related companies that are mature, have significant revenue and run a profitable operation. FIMI invests in companies with significant growth potential and tangible growth engines. FIMI seeks companies with a solid and highly motivated management team in place. FIMI Opportunity Funds was formed in 1996 and is headquartered in Tel Aviv.


DEAL STATS #
Overall 13 of 23
Sector: Consumer Products M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: New Jersey M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2019 M&A 1 of 1
Size (of disclosed) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-24 G1 Secure Solutions

Petah Tikva, Israel

G1 Secure Solutions provides comprehensive and complete solutions for multi-system and complex projects of various types, from planning and provision to installation and servicing. G1 Secure Solutions is based in Petah Tikva, Israel.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-12 Oxygen & Argon Works

Caesarea, Israel

Oxygen & Argon Works is an industrial company that manufactures and supplies industrial gases for industry, research and medicine in Israel and provides installation services and maintenance systems. Oxygen & Argon Works was founded in 1935 and is based in Caesarea, Israel.

Sell -