Wednesday, August 27, 2014

China Everbright's Catalyst CEL Fund to Invest $42m in Israeli Technology Company Lamina Technologies

The Catalyst CEL Fund agreed to invest $42 million in Lamina Technologies, a Swiss-based maker of metal-cutting tools. Ten million dollars of Catalyst CEL’s $42 million investment will go toward funding global expansion of Lamina, and up to $32 million will be distributed to Lamina’s existing shareholders. The investment will give Catalyst CEL a controlling stake in Lamina, in partnership with the current management team led by Peleg and Yuval Amir, who co-founded the company in 2001. The Amir brothers will remain in their leadership position, and together they will be the second largest group of shareholders in Lamina.

Edouard Cukierman and Alain Dobkin, Managing Partners of Catalyst CEL, stated, “Under Peleg and Yuval Amir’s leadership, Lamina developed into a leading global designer, manufacturer and marketer of leading-edge precision carbide cutting tools with a strong presence and significant penetration of key global regions including Europe, APAC, Latam and N. America. We see significant opportunities for expansion into the China market.” Shengyan Fan, Managing Partner of Catalyst CEL noted: “Lamina is well positioned for China’s macro developments and the ongoing domestic technological upgrade as China is a key market with significant room for growth.”

The Catalyst CEL Fund, jointly managed by Catalyst Equity Management Ltd. (Catalyst) and China Everbright Limited, primarily targets mid-to-late stage companies with proven innovation and global presence, whose growth strategy is oriented towards, or includes expansion of activities into emerging markets with a special focus on the Greater China market or companies who produce products or provide business solutions that have a significant commercial potential in the above mentioned markets. Focus sectors for the Fund include agriculture, industrial, manufacturing, healthcare, water, energy, technology, media and telecommunication. The Fund has secured more than US$100 million at the first closing in March 2014.


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