Originally Posted by
NYTA
FIMI has been the most successful P.E. fund in Israel over the last several years. They are not "Fryarim". The only question is whether they will try to do what TPG did with Continental and turn things around or will try to milk it for the money at the further expense of customer service.
NYTA,
That may be so, but what is perplexing is why they are paying 38% over trading value for LY shares? I can't think of one deal either in Israel or the USA in the years since the financial crash of 2008 where a venture capital fund paid such a high premium to acquire controlling interest over a debt ridden asset in a low yielding industry. I hope their reasoning is sound. In any event, I will find out their rationale =)