M&A Deal Summary

Veridis Environment Acquires Infinya

On February 6, 2023, Veridis Environment acquired forest products company Infinya from FIMI Opportunity Funds for 2.4B ILS

Acquisition Highlights
  • This is Veridis Environment’s 1st transaction in the Forest Products sector.
  • This is Veridis Environment’s largest (disclosed) transaction.
  • This is Veridis Environment’s 1st transaction in Israel.

M&A Deal Summary

Date 2023-02-06
Target Infinya
Sector Forest Products
Buyer(s) Veridis Environment
Sellers(s) FIMI Opportunity Funds
Deal Type Merger
Deal Value 2.4B ILS
Advisor(s) Naschitz, Brandes, Amir & Co. (Legal)

Target

Infinya

Hadera, Israel
Infinya is a manufacturer of paper products. Infinya was founded in 1951 and is based in Hadera, Israel.

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Buyer(S) 1

Buyer

Veridis Environment

Herzliya, Israel

Category Company
Founded 1993
Sector Environmental
Employees1,231
Revenue 2.7B ILS (2024)
DESCRIPTION

Veridis Environment is a provider in the environmental services and infrastructure sectors. Veridis provides advanced waste collection services to local authorities, organizations, and industry. Veridis Environment was founded in 1993 and is based in Herzliya, Israel.


DEAL STATS #
Overall 1 of 1
Sector: Forest Products M&A 1 of 1
Type: Merger M&A Deals 1 of 1
Country: Israel M&A 1 of 1
Year: 2023 M&A 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

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 4 of 5
Sector: Forest Products M&A 1 of 1
Type: Merger M&A Deals 1 of 1
Country: Israel M&A 4 of 5
Year: 2023 M&A 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-12 Amal and Beyond Group

Or Akiva, Israel

Amal and Beyond Group is a private nursing, rehabilitation and care company. Amal and Beyond Group includes a variety of advanced services in the fields of home care, senior housing, mental health, special education, foster care and more nationwide while operating according to the highest standards in the economy. Amal and Beyond Group was founded in 1995 and is based in Or Akiva, Israel.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-24 Kamada

Rehovot, Israel

Kamada is a biopharmaceutical company engaged in developing, producing and marketing of specialty life-saving therapeutics, using a unique protein purification technology. Kamada was founded in 1990 and is based in Rehovot, Israel.

Buy -