First Israeli Turnaround Investors (FITE) is an active turn-around investment fund seeking to create substantial returns through the acquisition of controlling interests in mature Israeli companies that can be improved through better management, restructured debt and improved business practices created by the active involvement and support of the fund in its investments targets.
Investment Committee: Ishay Davidi, Ron Zuckerman, Roy Machnes, Dr. Amnon Goldschmidt (Israel Discount Bank), Robert Joyal (US investors representative) and Avraham Bigger (LP, independent member).
Roy Machnes was a major partner and manager of Mashov Computers Ltd. (in the Mashov group: Magic Software, Paradigm Geophysical, Walla, Babylon). After the sale of Mashov to the Formula Group Roy was involved, as a manager and investor, in a number of turn-around investments in Israel with significant success. Roy is FITE's managing partner.
Ami Boehm has extensive experience in financial analysis and management consulting. Prior to joining FITE, Ami was the director of the equity research and management consulting department at Foresight, a subsidiary of Discount Capital Markets Ltd., and a lawyer in the Legislation and Consulting department of the Israeli Ministry of Justice. Ami holds an MBA from the Kellogg School of Business in Northwestern University and Recanati School of Business in Tel-Aviv University and holds a BA in Economics and an LL.B in Law, both from the Tel-Aviv University.
Inbar has graduated the "Shenkar" Engineering School of Industry and Management in 2004, after Which she joined 'FITE' group. Prior to joining FITE, Inbar was a leading member of the student's council of Shenkar, where she was also managing the social & volunteering projects of the institute. In addition, Inbar had a position in the Academic Advisory of Shenkar.
Israel Teiblum, 52 has joined FITE (First Israeli Turnaround Enterprise Fund) at the position of Senior Partner. Prior to joining FITE, Israel held senior managerial positions in Magic Software, Cash-U Technologies and Hitachi Data Systems.
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