Acquisition of Tnuva by Apax Europe VII

January 7, 2008

Consortium comprising funds advised by Apax Partners acquires Tnuva, the largest dairy product manufacturer in Israel, for $1.025 billion .The acquisition of a majority stake in Tnuva by funds advised by Apax Partners and Mivtach Shamir group was completed on 07 January 2008 at a value of $1.025 billion.