Sells Hamlet to an American company for NIS 900 million in cash

The Phimie Fund announced yesterday (Wednesday) that the American company UCT will acquire the Hamlet company, which is controlled by the investment fund, in a transaction worth NIS 900 million.

Phimie acquired 60% of Hamlet shares in 2012 for $ 58 million. Since then, it has sold some of its shares, and at the time of the sale of Hamlet, Pimi held 30.5% of the company’s shares, together with the insurance companies Clal – with 14.6%, Migdal – 12%, and the investment house Meitav Dash – with 12.4% of the company’s shares.

Hamlet, managed by Amir Widman, is one of the world’s leading companies in the production and sale of taps, connectors, valves and control solutions for high temperatures, high pressures and vacuum conditions for the control industry in the process industries and for the transmission of gases in the semiconductor industry. The company’s customers include the world’s leading companies in the process industry and the semiconductor industry.

Hamlet was sold to the American UTC, which today is a global player and a leader in the development, production and supply of subsystems for the semiconductor equipment industry and employs over 4,000 workers, with a market value of $ 1.4 billion.

The Pimi Investment Fund, managed by Yishai Davidi, purchased 60% of Hamlet shares in 2012 from IDB for $ 58 million. Over the years, Phimie sold the company’s shares and even received dividends totaling $ 190 million, which means the deal reflects a multiplier of 3.2 on the investment.