Fimi cancelled the agreement after its terms weren’t met, El Al revealed in a regulatory filing, according to Bloomberg.
The deal was subject to El Al’s negotiating a new collective bargaining agreement with its employees.
Fimi, which is headquartered in Tel Aviv, is focused on Israeli and US-based businesses. It has made 65 deals worth $1.5bn and 35 exits and currently has $600m available for new investments.
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