First Israel Mezzanine Investors

Private Equity Fund Managementfimi.co.il

First Israel Mezzanine Investors (FIMI) is Israel's leading private equity firm, founded in 1996 and managing over $7 billion across seven funds. It invests in mature Israeli companies across industrial, technology, and healthcare sectors, raising capital from global institutional investors and generating returns through management fees and carried interest.

Company typePrivate
Founded1996
HeadquartersTel Aviv, Israel
Headcount5,001–10,000
GTM typeB2B
OfferingServices

What First Israel Mezzanine Investors does

First Israel Mezzanine Investors (FIMI) is the leading private equity firm in Israel, founded in 1996 by Ishay Davidi and headquartered in Tel Aviv. Over more than 25 years, FIMI has raised seven private equity funds with aggregate capital commitments exceeding $4.3 billion and currently manages over $7 billion in assets under management. The firm has completed 99 investments and 66 exits with total transaction value exceeding $5.5 billion, building a portfolio that spans automotive, electronic components, metal products, software, aviation, plastics, building materials, energy, logistics, and increasingly healthcare.

FIMI's investment strategy focuses on mature Israeli and Israeli-related companies with significant revenue, profitable operations, and identifiable growth potential. The firm differentiates through "unrivaled" deal-flow access in Israel, deep in-house operational expertise, and a hands-on model in which senior partners typically chair or sit on portfolio boards. Notable exits include the sale of Rivulis Irrigation to Temasek for $450 million (a 4x return), Lipman Engineering to Verifone for $900 million, Retalix to NCR for $800 million, and Oxygen and Argon Works to Air Products & Chemicals. Preqin consistently ranks FIMI as one of the top performing private equity funds globally for long-term investor returns.

FIMI's business model is a classic fund management structure. It earns recurring management fees on committed and deployed capital across its seven funds, and carried interest on profitable exits above hurdle rates. Capital is raised directly from institutional investors — including US institutions (NY Life, Hamilton Lane, State of Michigan, State of New York, HarbourVest, MassMutual), European investors, UAE, China, Japan, Australia, and Israeli banks and insurance companies — through long-standing direct relationships. Portfolio companies controlled by FIMI employ more than 50,000 people across 50 factories in Israel and 100 factories worldwide.

First Israel Mezzanine Investors firmographics

Firmographics

Name: First Israel Mezzanine Investors
Legal name: FIMI Opportunity Funds
Website: http://www.fimi.co.il/
Company type: Private
Founded year: 1996
Operating status: Operating
Headcount range: 5,001–10,000 employees
Short description: First Israel Mezzanine Investors (FIMI) is Israel's leading private equity firm, founded in 1996 and managing over $7 billion across seven funds. It invests in mature Israeli companies across industrial, technology, and healthcare sectors, raising capital from global institutional investors and generating returns through management fees and carried interest.
Ownership category
akta.pro rank

First Israel Mezzanine Investors industry classification

Industry

Product category: Private Equity Fund Management
NAICS: Other Investment Pools and Funds (5259), Miscellaneous Intermediation (52391)
SIC: Investors, Nec (6799)
akta.pro primary industry: Micro-PE / Lower Middle Market ETA Funds (FSANALAG)
akta.pro secondary industry: Institutional Consultants & Fiduciary Management (Investment Consulting) (FSAAAGAJ)

Keywords

Private equity funds
Mezzanine financing
Fund management
Portfolio investment
Alternative assets

Where First Israel Mezzanine Investors is headquartered

Location

Headquarters

HQ city: Tel Aviv
HQ country: Israel
HQ region: Middle East

Offices1 record

Markets served

First Israel Mezzanine Investors business model

Business model

GTM type: B2B
Offering type: Services
Cost components: Personnel, Operations

Revenue model

Management Fees: FIMI charges management fees on assets under management across its seven funds. These fees provide recurring revenue based on the size of committed capital in each fund.
Carried Interest: FIMI earns carried interest (performance fees) when portfolio companies are exited at gains above the hurdle rate. This aligns fund manager and investor interests and represents the primary upside for FIMI.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

First Israel Mezzanine Investors product offering

Product offering

Core offering

FIMI is a private equity fund manager that raises capital from institutional and private investors (commercial banks, insurance companies, pension funds, endowments, family offices, and high net worth individuals) and invests that capital in mature Israeli and Israeli-related companies with significant growth potential. After investing, FIMI engages in focused planning, provides operational and strategic support, and exits investments to generate returns. The firm has raised seven private equity funds with aggregate capital commitments exceeding $4.3 billion and manages over $7 billion in assets under management.

Product overview

FIMI (First Israel Mezzanine Investors) is a private equity firm and fund manager, not a product company. The entity operates private equity funds (FIMI I through FIMI VII) that invest in Israeli and Israeli-related industrial companies. The funds themselves are the core offering, with capital raised from investors used to acquire, enhance, and exit portfolio companies. As a fund management entity, FIMI does not offer products or services in the traditional technology product sense.

Differentiator

Problem solved

Functional benefit

Products and services

FIMI I Fund

Quantifiable outcome

99 investments completed with 66 exits
+3 more outcomes

Companies that use First Israel Mezzanine Investors

Customer profile

Named customers5 records

Segments2 records

Ideal customer profiles2 records

First Israel Mezzanine Investors technology and API

Technology

Technology focussed No

API detail

Has API: No
API docs
API detail

Core technology

AI maturity

App detail

First Israel Mezzanine Investors partnerships and signals

Strategic signal

Scale indicators7 records

Recent moves9 records

Expansion highlights6 records

First Israel Mezzanine Investors competitors and assessment

Company assessment

Direct peers

Catalyst Fund (CEL - Catalyst Equity Lever): Israeli private equity firm focused on mid-market Israeli industrial and technology-related buyouts. Directly comparable to FIMI as a domestic Israeli mid-market PE sponsor competing for the same deal universe.
Vintage Investment Partners: Israel-based investment manager active in private equity, secondaries, and co-investments. Comparable to FIMI as a leading Israeli alternative-asset manager with overlapping institutional LP base and Israeli deal sourcing.
Israel Growth Partners (IGP): Israel-focused growth equity and buyout investor. Directly comparable to FIMI in targeting established Israeli companies with global operations, though skewed toward growth-stage rather than mature industrial buyouts.
Harel Capital Markets: Israeli institutional investment manager and alternative-asset platform affiliated with Harel Insurance. Comparable to FIMI as a domestic Israeli investment platform investing in Israeli industrial and financial assets.
Discount Capital: Investment banking and alternative-investments arm of Israel Discount Bank, active in Israeli PE, capital markets, and corporate finance. Comparable to FIMI as a domestic Israeli sponsor and is itself an LP in FIMI funds.

Regional players

Jerusalem Venture Partners (JVP): Israel-focused venture capital firm. Comparable to FIMI through shared Israeli ecosystem sourcing, though JVP targets earlier-stage tech ventures rather than mature industrial buyouts.

Broad incumbents

Apax Partners: Global mid- and large-cap private equity firm with significant Israeli exposure. Comparable to FIMI in pursuing buyouts of mature Israeli companies, though at materially larger fund sizes and broader geographic mandate.
KKR: Global private equity mega-fund active in Israeli buyouts and growth investments. Comparable to FIMI as a competing source of capital for large Israeli companies and as a potential strategic acquirer of FIMI portfolio assets.
Insight Partners: Global growth-equity and buyout investor with deep Israel portfolio. Comparable to FIMI as a major investor in mature, Israeli-headquartered tech-enabled companies with global operations.
The Carlyle Group: Global private equity firm with Israel-focused investment activity across industrial, tech, and consumer sectors. Comparable to FIMI as a competing global sponsor for Israeli mid- and large-cap transactions.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

First Israel Mezzanine Investors financial estimates

Financial estimate

Revenue estimate

Valuation estimate

First Israel Mezzanine Investors leadership team

Management profile

Number of profiles

Profiles7 records

First Israel Mezzanine Investors funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

First Israel Mezzanine Investors M&A and investment

M&A and investment

M&A10 records

Investments9 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about First Israel Mezzanine Investors

What does First Israel Mezzanine Investors do?

Is First Israel Mezzanine Investors a public or private company?

First Israel Mezzanine Investors is a private company. It is classified as founder individual operated bootstrapped and is currently operating.

When was First Israel Mezzanine Investors founded?

First Israel Mezzanine Investors was founded in 1996. It employs 5,001 to 10,000 people.

Where is First Israel Mezzanine Investors based?

First Israel Mezzanine Investors is headquartered in Tel Aviv, Israel, in the Middle East region.

How does First Israel Mezzanine Investors make money?

Two revenue lines are on record. Management Fees are the primary driver. The others are carried Interest.

Who are First Israel Mezzanine Investors's main competitors?

Direct peers on record are Catalyst Fund (CEL - Catalyst Equity Lever), Vintage Investment Partners, Israel Growth Partners (IGP), Harel Capital Markets and Discount Capital. Jerusalem Venture Partners (JVP) is listed as a regional player. Broad incumbents are Apax Partners, KKR, Insight Partners and The Carlyle Group.

Does First Israel Mezzanine Investors have an API?

No public API is recorded for First Israel Mezzanine Investors.

What industry is First Israel Mezzanine Investors in?

First Israel Mezzanine Investors's product category is Private Equity Fund Management. Its primary akta.pro industry code is FSANALAG, Micro-PE / Lower Middle Market ETA Funds, with a secondary code of FSAAAGAJ, Institutional Consultants & Fiduciary Management (Investment Consulting). Its NAICS code is 5259 and its SIC code is 6799.