Tel Aviv, December 21, 2011 – Tene Investment Funds, an Israeli private equity fund focused on Israeli industry has successfully completed the sale of Netafim Ltd., the global leader in smart drip and micro irrigation. Permira, the European private equity firm, acquired 61% in Netafim from the Kibbutzim Yiftah and Magal and the Israeli funds Tene and Markstone.
In early July, Tene Investment Funds acquired a 51% controlling stake in T.A.G. Medical Products, a sophisticated surgical device company located in Kibbutz Gaaton.
T.A.G. Medical Products develops, manufactures, and markets surgical tools and implants for Arthroscopic, Orthopedic, and Endoscopic soft tissue procedures.
Chromagen Enters Strategic Agreement With A. O. Smith, one of the world’s leading manufacturers of residential and commercial water heating equipment
April 14 — A. O. Smith Corporation (NYSE: AOS) and Chromagen entered into a strategic cooperative agreement to develop advanced solar technology for water heating applications.