Industry News

80% of Netafim goes to Mexichem

KJ Staff
KJ Staff

The Permira fund is cashing in on irrigation equipment company Netafim. Permira is selling its 61.35% stake in the company; Kibbutz Magal is reportedly selling its 6% holding, while Kibbutz Hatzerim in the Negev, where Netafim was founded in 1965, is reportedly selling a 12.7% stake out of its 32.7% total holding, and will remain with a minority holding of 20%. The consideration is $1.5 billion, giving Netafim a valuation of $1.9 billion. The buyer is Mexican company Mexichem. Netafim pioneered drip and micro-irrigation, and is a world leader in the field.

Like this article?

Hey! I am KJ Staff. Did you liked this article and have suggestions to improve this article? Mail me your suggestions and feedback.

Share your comments

Nadi Ad

Subscribe to our newsletter

Sign up with your email to get updates about the most important stories directly into your inbox