Tel-Aviv, 29 April 2014 – Tene Investment Funds Completed the acquisition of 100% of the shares of Gadot Chemical Tankers and Terminals LTD. Founded in 1959, Gadot is a leader in transport, storage, blending, tolling, procurement and distribution of liquid chemicals, oils and chemicals' raw materials. The company's headquarters are in Netanya, Israel, and it operates several facilities in Israel, Belgium, the Netherlands and Germany.
Moscow, 20 June 2013 – UC RUSAL (SEHK: 486; Euronext: RUSAL/RUAL; Moscow Exchange: RUALR/RUALRS), a leading, global aluminum producer, and Omen High Pressure Die Casting, which specializes in the production of automotive components from non-ferrous metals, announce the signing of a memorandum outlining details of the creation of a joint venture to produce automotive components.
Tene Investment Funds sold its holding in CaesarStone Sdot-Yam in a secondary offering on the NASDAQ exchange
New York, May 23, 2013 – Tene Investment Funds, an Israeli PE fund, completed the sale of its holding in CaesarStone Sdot-Yam Ltd. (NASDAQ: CSTE). Tene sold 91% of its holding in an underwritten public offering on April 11th, 2013, at a price of $23.25 per share, reflecting a company equity value of over $800M. Tene completed the sale of its holdings on May 22nd, 2013, at a price of $26.38 per share. For Tene this represents an exit at a multiple of more than 5x on its investment.
Tel-Aviv, September 4th, 2013 – Tene III exceeded its fundraising target of $200M. Most of Tene III's investors are institutional investors, both Israeli and non-Israeli. The majority of investors in Tene I & II made follow-on investments in the new Fund.