DEL Takes 20% Share In Rivulis Irrigation

Six months after Israeli private equity firm FIMI acquired Israeli water irrigation company Rivulis for $60 million, Dhanna Engineering (DEL) will take a 20 percent share of Rivulis for $34 million. The deal reflects a $170 million value for Rivulis, six months after the company, previously part of John Deere Water, was sold to FIMI. DEL is owned by the Firodias, one of India’s wealthiest families.