Elbit Systems sale of Ashot to FIMI
Elbit sold its stake in Ashot, a maker of jet engine shafts and transmission parts, to Israeli private equity fund FIMI.
- Company
- Ashot Ashkelon Industries
- Type
- M&A
- Status
- Completed
- Date
- 30 Jun 2022
- Value
- US$84m
- Value basis
- About US$84m (about NIS 291m) in cash for IMI's 84.98% stake and the capital notes
- Region
- Israel
- Segment
- Aerospace and defence components
Parties
- FIMI Opportunity Funds buyer
- Elbit Systems seller
Key terms
- Stake
- 84.98%, held through IMI Systems, plus capital notes
- Announced
- 21 Oct 2021, at about US$88m
Sources
- Elbit Systems Form 6-K: agreement to sell Ashot to FIMI sec.gov · 21 Oct 2021
- Elbit Systems Form 6-K exhibit: completes the sale of Ashot to FIMI for US$84m sec.gov · 30 Jun 2022
Record DEF-INV-2022-0016. Investments are kept apart from the financings register and never counted in debt totals.
