Clifford Chance Reps Permira In Netafim Deal

Law360, New York (September 22, 2011, 6:03 PM EDT) -- Private equity heavyweight Permira announced Thursday it had acquired a controlling stake in Netafim Ltd., an Israel-based maker of water-saving drip irrigation systems.

Permira funds will take as much as a 61 percent ownership stake in Netafim for an undisclosed sum, the firm said. It is acquiring its shares from Kibbutz Hatzerim, which founded the irrigation company, two other kibbutzim and Israeli funds Markstone Capital Group LLC and Tene Investment Funds.

“This is another example of an investment by the Permira funds in an innovative and...
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