Fimi, the Israeli private equity fund led by Isai Davidi, completed another successful exit on Monday night by selling about 6% of Bet Shemesh Engines for NIS 500 million. Harel Insurance bought the entire stake and will become the company’s largest shareholder.
The off-market deal priced the shares at NIS 850 each, a slight discount of about 1% to the stock’s closing price that day. After the sale, Fimi’s holding fell to about 8%, worth roughly NIS 647 million. Before the transaction, the fund held about 9% of the company, valued at NIS 1.2 billion.
Fimi’s investment in Bet Shemesh Engines is one of its biggest successes. The fund bought control of the company in 2016 from Clal Industries, owned by Len Blavatnik, for NIS 125 million, later added shares for another NIS 75 million, and over the years has already realized NIS 850 million from sales. The most recent previous sale came about a year ago, when it sold 9% of the company to institutional investors including Clal Insurance and Phoenix for NIS 500 million.
Bet Shemesh Engines, which overhauls and manufactures aircraft engines, has been one of the Tel Aviv market’s strongest performers. Its shares have risen 72% over the past year and almost 1,000% over three years, giving the company a current market value of about NIS 8.2 billion. The latest sale adds to a long list of profitable exits by Fimi, which in 2025 has already sold holdings in seven portfolio companies for about NIS 2.6 billion.
