First Israel Turnaround Enterprise (FITE) Fund

www.fiteinv.com

Private Equity Fund

Ceased to Operate Q4/2008

Tech Verticals Preferences

Industrial Technologies

General Data

Management Company:	First Israel Turnaround Enterprise (FITE)
Vintage Year	2004
Current Active Portfolio Companies:	2

DESCRIPTION

FITE was initiated by First Israel Mezzanine Investors (FIMI). FITE invests in distressed situations and turnaround opportunities. The ultimate aim is to take over the companies, alone or with partners, improve the operational performance and generate returns through the resale of the assets. On August 2007 FITE announced it will merge administrative functions with First Israel Mezzanine Investors (FIMI).

	CAPITAL RAISED

Date

Amount

Jan. 01, 2004

abCDe

Limited Partners	Type	Amount	Remarks
abC Defghij*	Bank	abCDe
abC Defghij	Holding Company	abCDe	Of Joseph Steinberg
abC Defghij	Institutional Investor	abCDe
abC Defghij	Institutional Investor	abCDe
abC Defghij	Institutional Investor	abCDe
abC Defghij	Institutional Investor	abCDe
abC Defghij	Institutional Investor	abCDe
abC Defghij	Investment Company	abCDe
abC Defghij	Investment Bank	abCDe
abC Defghij	Other	abCDe
abC Defghij	Insurance	abCDe
abC Defghij	Insurance	abCDe

Investment Data

Managed Capital	abCDe

Preferences

Maximum investments	$25m
Type of Financing	Buyouts,Straight Equity,Turnaround
Stage Preferences	Revenue Growth

SECTOR SEGMENTATION (By Number Of Companies)

Hardware & Industrial

100%

	PORTFOLIO COMPANIES

Current Portfolio Companies (2)

Company Name

Sector

Round/Deal Type

Date Announced

Investor Amount

Total Deal Amount

Remarks

Kidron Management & Holding

N/A

Other	10/04/2005	$3.5m	N/A	A loan
Other	10/04/2005	$3.5m	N/A	A loan

Telkoor Telecom

N/A

Other

10/01/2006

$4.5m

N/A

A loan to Lev Marom (majority holder), giving FITE an option for 40% of the company.

Exits (3)

Company Name	Exit Type	Date Announced	Amount	Remarks
abC Defghij	Acquired	25/04/2018	abCDe	Pursuant to the acquisition, EVS merged with a wholly-owned subsidiary of Uster (Belinor). It has ceased to be a standalone public company and is now a direct wholly-owned subsidiary of Uster.
abC Defghij (Traditional Industry)	Holdings Sold		abCDe
abC Defghij (Traditional Industry)	Acquired	15/12/2010	abCDe

Last Updated:	abCDe
IVC Number:	abCDe