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
Employees1,269
Revenue 2.5B ILS (2023)
DESCRIPTION

Veridis Environment is considered a pioneer 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) 1 of 1
Type (Merger) 1 of 1
Country (Israel) 1 of 1
Year (2023) 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 3.0B 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 4
Sector (Forest Products) 1 of 1
Type (Merger) 1 of 1
Country (Israel) 4 of 4
Year (2023) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-20 Gal‑Shvav Group

Yavne, Israel

Gal‑Shvav Group is a manufacturer of advanced systems for the hi-tech industry. Gal‑Shvav Group offers solutions and services in a variety of industrial fields, including medical, military, semi-conductor, printing, solar, and security. The company has extensive knowledge and experience in product development, focusing on mechanics, optics, motion control, production, and assembly of complex and technologically advanced systems. Gal‑Shvav Group was founded in 1990 and is based in Yavne, Israel.

Buy $100M
Mergr

Product

Company

Legal