FIMI and Keter has sold Merhav Ceramic and Building to Nior Holdings Ltd.
Keter and First Israel Mezzanine Investors Fund (FIMI), the majority shareholders of Merhav Ceramic and Building Materials Center, Ltd. (Merhav), have successfully sold a 47.41% equity stake in the share capital of Merhav to Nior Holdings Ltd. for US$43 million.
Merhav was founded in 1950 and operates, through subsidiaries, in the manufacturing, importing, marketing and sale of designed products for bathrooms, toilets and kitchens. The company's main products are faucets, bathroom appliances, plumbing products and shower stalls.
Nior Holdings Ltd., founded in 1994 is an operating and holding company that focuses on the timber and roofing construction markets and bonded warehouse services.
FIMI is Israel's first dedicated buy-out and mezzanine fund. Keter is one of the world's leading manufacturers and marketers of plastic consumer products, and a global trendsetter in the do-it-yourself (DIY), household and garden products markets.
Oaklins' team in Israel acted as the exclusive investment bankers for Keter and FIMI in this transaction.
Talk to the deal team
Related deals
Tekova Oyj has completed a technical listing on the Nasdaq First North Growth Market Finland
Tekova Oyj has successfully completed a technical listing (IPO) on the Nasdaq First North Growth Market Finland. This transaction marks a significant milestone in the company’s growth strategy, enhancing its visibility and access to capital markets.
Learn moreMark Climate Technology has acquired Heber GmbH
Heber GmbH has been acquired by Mark Climate Technology, a specialist in climate control systems and a portfolio company of Bolster Investment Partners. This partnership strengthens the positions of both companies in the global market for innovative and sustainable climate solutions, as well as creating unique synergies. Mark Climate's expertise in standardized, scalable solutions is enhanced by Heber's emphasis on customer-specific customization.
Learn moreGrupo Veta 2017 S.L. has been acquired by MSA Mizar
The Franco-Belgian fund Kartesia has sold Grupo Veta 2017 S.L. to the Italian group MSA Mizar. Kartesia, the main shareholder of Veta+ together with its founding partner, has sold 100% of the capital. For MSA Mizar, this transaction represents the consolidation of its presence in Spain, the entry into the multi-risk claims management market and the opportunity to apply Veta+’s expertise to other European markets.
Learn more