FIMI sells another stake in Bet Shemesh Engines as Harel buys about $180 million

FIMI Private Equity sold another chunk of its holdings in Bet Shemesh Engines on Tuesday in an off-market deal, with Harel Insurance buying shares for about NIS 530 million, or roughly $180 million. After the transaction, FIMI will still hold stock worth about $230 million, or around NIS 800 million, based on the company’s current market value.

Bet Shemesh Engines is now valued at about NIS 8.3 billion. Its share price is up roughly 15% since the start of the year, but it has fallen about 9% so far this month.

This was not FIMI’s first sale. In September 2025, the fund sold 8.8% of the company for about NIS 500 million, when Bet Shemesh Engines had a market value of about NIS 5.7 billion. Since taking control, FIMI, led by Ishay Davidi, has sold shares worth a cumulative $405 million, including the latest deal.

Including the stake it still holds, FIMI’s total proceeds amount to a return of 11 times its original investment. FIMI bought control of Bet Shemesh Engines in 2016 from Clal Industries for $55 million, when the company was valued at only about $80 million. Since then, the company has expanded sharply, including the acquisition of Hishuli Carmel in Haifa and two additional foreign companies in deals completed between 2019 and 2023. The company is run by Ram Drori, and its chairman is Gilon Beck, a managing partner at FIMI.