M&A Deal Summary

Tene Investment Funds Acquires Ortal Fireplaces

On October 3, 2016, private equity firm Tene Investment Funds acquired consumer products company Ortal Fireplaces

Acquisition Highlights
  • This is Tene Investment Funds’ 1st transaction in the Consumer Products sector.
  • This is Tene Investment Funds’ 3rd transaction in the United States.
  • This is Tene Investment Funds’ 2nd transaction in Ohio.

M&A Deal Summary

Date 2016-10-03
Target Ortal Fireplaces
Sector Consumer Products
Buyer(s) Tene Investment Funds
Deal Type Buyout (LBO, MBO, MBI)

Target

Ortal Fireplaces

Columbus, Ohio, United States
Ortal Fireplaces is a manufacturer and distributer of direct vent gas fireplaces, primarily to the US and European markets. Its innovative designs enable installation across diverse residential and commercial settings, including complex ventilation configurations. Ortal Fireplaces was formed in 2010 and is based in Columbus, Ohio.

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Buyer(S) 1

Buyer

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 12 of 17
Sector: Consumer Products M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 7 of 11
State: Ohio M&A 2 of 2
Country: United States M&A 3 of 4
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-30 TIBA Parking Systems

Columbus, Ohio, United States

TIBA Parking Systems is a manufacturer and provider of automated parking systems and revenue access and control solutions for parking owners and operators, mainly in Israel and the North America. TIBA Parking Systems was formed in 1986 and is based in Columbus, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-12 Hanita Coatings RCA

Hanita, Israel

Hanita Coatings RCA Ltd. is a provider of chemical and metal coating of polyester films primarily used for window films, digital printing labels, RFID antennae and in flexible electronics. Primary customers include window film distributors, digital printing converters and label manufacturers, electronics packaging and RFID manufacturers.

Sell $75M