FIMI V, FIMI 6 Fund and FIMI Israel Opportunity 6, L.P., funds managed by First Israel Mezzanine Investors Ltd., agreed to acquire a 42.8% stake in Bet Shemesh Engines Holdings (1997) Ltd (TASE:BSEN) from Clal Heavy Industries & Real Estate Ltd. for approximately ILS 120 million on May 31, 2016. Under the terms, First Israel Mezzanine Investors will acquire 2.73 million ordinary shares and the consideration may grow according to an adjustment mechanism determined under the agreement. Completion is subject to several pre-conditions, such as the Antitrust Commissioner. Pre-conditions are expected to be completed until July 31, 2016.