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FIMI buys controlling stake in Emet Computing
The Israeli private equity firm is paying NIS 450 million for a 62.5% stake in the IT company.
Israeli private equity firm FIMI Opportunity Funds is acquiring a 62.5% stake in E&M (Emet) Computing Ltd. (TASE:EMCO) for NIS 450 million at a company valuation of NIS 720 million. The deal will be completed if certain contingency conditions are fulfilled within 90 days.
FIMI, founded by CEO Ishay Davidi, is paying NIS 16.25 per share, a 9.7% discount on yesterday s closing price. E&M s share rose 4.4% in 2020 and is up 31.4% since the start of 2021. Following the announcement, the share price has risen an additional 30% in trading today.
Israel
Israeli
Shraga-shahak
Reuben-schrift
Jacob-walter
Yigal-shefer
Gillon-beck
Sarah-shahak
Yoav-weinberg
Ishay-davidi
Em-emet-computing-ltd
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