Fortissimo Capital to buy 30% of IDE Technologies from Delek Group

Fortissimo Capital signed a memorandum of understanding to acquire 30% of IDE Technologies Ltd. from Delek Group, valuing IDE at $412 million. Fortissimo will pay Delek for 60% of a subsidiary holding the stake.

“Fortissimo will acquire the stake from Israel-based Delek Group, which owns 50% of IDE through a subsidiary.”calcalistech.com

• 1 source
• calcalistech.comFortissimo Capital to Buy 30% of Water Treatment Company IDE - CTechLilach BaumerAug 21, 2018

Summarized from public sources; check the original articles before acting on it.