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Israel’s FIMI Opportunity Funds acquires Deere’s irrigation unit

27 Feb 2014

water spring_lrgIsraeli private equity firm FIMI Opportunity Funds has agreed to buy Deere & Company’s irrigation unit John Deere Water.

John Deere Water is one of the world’s largest full-line drip irrigation manufacturers with significant distribution in North and South America, Asia, Europe and Africa.

Last September Deere & Company said it would explore strategic options for John Deere Water after being involved in the production of irrigation products for seven years.

FIMI currently has more than $2bn in committed capital and has completed 73 investments and 45 exits over the past 17 years.

In October last year FIMI cancelled its $75m bid for a stake in El Al Israel Airlines.

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