Israeli Fund FIMI Offers to Buy Majority Stake in Maytronics
Translated & summarized from TheMarker by baba
Israeli investment fund FIMI has offered to buy a controlling stake in Maytronics, a swimming pool robot manufacturer, for NIS 200 million. The deal involves an initial investment of NIS 200 million for 50% of the company, with options for further investment. Maytronics' value has dropped 50% in the last year, and initial talks started in August.
The story in 5 lines · by baba
- FIMI fund offered to buy a controlling stake in Maytronics for NIS 200 million.
- The deal includes an initial NIS 200 million investment for 50% of Maytronics.
- FIMI has options to invest an additional NIS 150 million later.
- Maytronics, a pool robot maker, lost 50% of its value in the past year.
- Initial talks between the companies began in August.
Israeli investment fund FIMI, managed by Yishai Davidi, has submitted an offer to acquire a controlling stake in Maytronics, a manufacturer of swimming pool robots. The proposed deal values the company at NIS 200 million. Under the terms of the offer, FIMI would initially invest NIS 200 million for a 50% share in Maytronics, with options to invest an additional NIS 150 million at a later stage. Maytronics has experienced a 50% decline in its market value over the past year. Initial discussions between the companies began in August.
