Deals
Israel's Biggest Buyout Firm Raises Record $1.1 Billion
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Fimi Opportunity Funds said it raised $1.1 billion in the largest funding round of an Israeli private equity firm.
The country’s biggest buyout company will allocate the money to a new fund dedicated to investing in local businesses, according to an e-mailed statement. Investor demand was for $2 billion. FIMI plans to invest about $250 million in Israeli companies per year.