Company Description: Established in 1988, located in Kibbutz Mitzpe Shalem, Ahava develops, produces, and markets cosmetic products based on minerals from the Dead Sea which are sold in Israel, the U.S., Europe, and 20+ countries. The company derives 33% of its revenues from exports which represents its key growth segment in 2008 and beyond. Ahava has experienced rapid topline as well as profitability growth over the past three years and management and shareholders have defined an ambitious growth plan predicated on continued expansion of the company’s international distribution and marketing efforts.
Transaction: Shamrock received common shares and certain shareholder rights for its investment in Ahava. The capital invested in Ahava will be used to fund expansion of the company’s marketing and distribution platforms.
