The Katzir Fund will help Tnuva, Israel’s largest food manufacturer and distributor, secure an investment of US$200-300m from an overseas financial partner.
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Fund chairman Rami Mandola said that he reached an agreement with Tnuva CEO Arik Reichman to carry out a financial feasibility assessment of the arrangement, as well as the completion of the requisite due diligence assessment of Tnuva and other standard procedures.
The fund’s directors will present the data to four potential overseas investors prior to the opening of competition for investment in Tnuva. Mandola said he does not anticipate any problems in finding an investor for Tnuva, once the company gives the green light for the process to go forward.
