M&A Deal Summary

Permira Acquires Netafim

On December 21, 2011, private equity firm Permira acquired agriculture company Netafim from Tene Investment Funds

Acquisition Highlights
  • This is Permira’s 2nd transaction in the Agriculture sector.
  • This is Permira’s 1st transaction in Israel.
Investment Fate
  • Netafim was sold to a publicly-traded strategic buyer in 2017 for 1.9B USD.

M&A Deal Summary

Date 2011-12-21
Target Netafim
Sector Agriculture
Buyer(s) Permira
Sellers(s) Tene Investment Funds
Deal Type Secondary Buyout

Target

Netafim

Tel Aviv, Israel
Netafim Ltd. is a provider of smart drip and micro irrigation solutions for sustainable agriculture and other applications for over 100 countries and holds c.30% share of the global market.

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Buyer(S) 1

Buyer

Permira

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1985
PE ASSETS 80.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Permira is a mega-sized private equity firm that targets large company investments around the world. Permira invests to support acquisitions, leveraged buyouts, take-privates, turnarounds, and growth buyouts. Areas of interest include healthcare, financial services, chemicals, consumer products and services, industrial products and services, technology, media, and telecom. Permira will consider opportunities in Europe, Asia, and North America. Permira was formed in 1985 and has offices in Menlo Park, Frankfurt, Luxembourg, London, Hong Kong, Madrid, Milan, Paris, Stockholm, Tokyo, Guernsey and New York City.


DEAL STATS #
Overall 74 of 170
Sector: Agriculture M&A 2 of 2
Type: Secondary Buyout M&A Deals 10 of 45
Country: Israel M&A 1 of 2
Year: 2011 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-22 Provimi BV

Postbus, Netherlands

Provimi is a leading international developer, manufacturer and distributor of animal nutrition products. The company's principal activities include the manufacture, distribution and sale of pre-mixes, concentrates, complete feed, specialty products such as nutritional supplements, piglet feeds and milk replacers, fish feeds and pet food.

Sell €1.5B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-01 Genesys

Menlo Park, California, United States

Genesys is a provider of customer engagement software to large enterprises around the globe. The Company empowers its customers to create omni-channel customer experiences, journeys, and relationships. Genesys was founded in 1990 and is based in Menlo Park, California.

Buy €1.2B

Seller(S) 1

SELLER

Tene Investment Funds

Tel Aviv, Israel

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Tene Investment Funds is an Israeli private equity firm focused on acquiring growth-oriented companies. The Firm targets well-established, export-oriented, tech-enabled businesses operating in growth sectors that include resource management, water treatment, clean technologies, metal, plastic products and components, consumer products, and homeland security. Tene Investment Funds was formed in 2004 and is based in Tel Aviv.


DEAL STATS #
Overall 2 of 9
Sector: Agriculture M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 2
Country: Israel M&A 2 of 8
Year: 2011 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-07 TAG Medical Products

Kibbutz Gaaton, Israel

TAG Medical Products develops, manufactures, and markets surgical equipment and implants for Arthroscopic, Orthopedic, and Endoscopic procedures. Its products hold global regulatory and quality certifications, including FDA and CE approvals. TAG Medical Products was founded in 1949 and is based in Kibbutz Gaaton, Israel.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-01 Caesarstone

MP Menashe, Israel

CaesarStone is a manufacturer of high-quality, custom quartz surface slabs for kitchen and bathroom countertops, flooring, and design uses. Caesarstone was founded in 1987 and is based in MP Menashe, Israel.

Sell -