Apax Weighs Giant IPO for Israeli Food Maker Tnuva

The U.K.-based private equity fund is eyeing a float that could value the company as high as NIS 8.5 billion.

Apax Partners is reportedly considering a mammoth initial public offering for Tnuva as Israel's biggest food maker ramps up profit. At least one of the company's Israeli minority shareholders, however, might try to scupper the plans.