Fidelity Sells Majority Stake in Defense Firm NextVision for $460 Million
Translated & summarized from TheMarker by baba
Investment firm Fidelity is selling a majority of its stake in Israeli defense tech company NextVision for $460 million, reducing its holdings by 65%. The sale occurred at a discount to the current share price, with Goldman Sachs facilitating the transaction.
The story in 5 lines · by baba
- Fidelity is selling 6% of NextVision for $460 million, cutting its stake by 65%.
- Goldman Sachs is the distributor for the sale of NextVision shares.
- NextVision develops drone cameras for the defense industry.
- The company's stock has risen 16% this year, valuing it at 22.6 billion shekels.
- Founders previously sold shares to foreign investors in June at a higher price.
Investment management firm Fidelity is significantly reducing its holdings in the Israeli defense technology company NextVision, which is publicly traded on the Tel Aviv Stock Exchange. Fidelity, which currently owns 9.5% of NextVision's shares, will sell 5.7 million shares, representing approximately 6% of the company, for about $460 million. This sale will decrease Fidelity's stake in NextVision by 65%. Investment bank Goldman Sachs is acting as the distributor for this transaction.
The sale was executed at a 7% discount to NextVision's closing share price of 244 shekels on the day of the transaction. Fidelity first became a significant shareholder in NextVision, a company that develops cameras for drones used in the defense industry, in mid-2025. They subsequently increased their holdings in September of the same year.
NextVision is currently valued at approximately 22.6 billion shekels, having seen a 16% increase in its stock price since the beginning of the year. The company has attracted interest from various foreign investors beyond Fidelity. Even before this sale, NextVision had foreign shareholders who held stakes below the 5% threshold that defines a significant shareholder. In June of the current year, the company's founders sold 2.2% of their shares, totaling 570 million shekels, to foreign institutional investors at a higher price of 270 shekels per share.
