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Fortissimo to invest NIS 40m in automated milking co

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Friday, June 25th, 2010

As reported in IVC: Tzaham Afikim develops and manufactures automated milking machinery and dairy management systems.

Private equity firm Fortissimo Capital is investing NIS 40 million in Tzaham Afikim Ltd., which develops and manufactures automated milking machinery and dairy management systems. Fortissimo will buy Tzaham Afikim stock and bonds, and will have an option to increase its holding in the company to 35%. Fortissimo will also appoint three directors to Tzaham Afikim’s board.
Kibbutz-owned Tzaham Afikim is considered a global leader in its field. The company has 200 employees at its factory, and has 50 customers worldwide.

Fortissimo Capital specializes in investing in private and public technology companies in special conditions, or which require a rapid turnaround in business. The company manages $200 million.