Around 37 per cent of that value covers Tambour’s debt according to Israel-based news source Globes.
It said that Apax was planning to make the investment using a new fund it established specifically for dealmaking in the Middle Eastern country.
AltAssets reported in December that Apax Partners was looking to raise up to $300m for an Israel-focused fund.
While the firm has previously made venture capital and growth equity investments, the latest vehicle will target mid-market buyouts.
Apax was said to expect a first closing in the first quarter of 2014.
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