CTech reports that a legal dispute has emerged in the proposed acquisition of Benny Landa’s digital printing company, with private equity firm FIMI clashing with court-appointed administrators over the terms of the $80 million rescue deal. FIMI, led by CEO Ishay Davidi, claims the administrators altered its original proposal by inserting unauthorized costs and commitments, including a costly lease agreement for a facility in Rehovot that the company has not occupied and, according to FIMI, does not require. The administrators, Sigal Rosen-Rechav and Shlomi Filiba, filed the revised arrangement with the court, which FIMI argues represents “an unacceptable and unauthorized deviation” from its offer.

The fund has underscored its intention to cancel unprofitable lease agreements and prevent the imposition of additional expenses it never agreed to cover. While it has expressed willingness to absorb the administrators’ legal fees, FIMI objected to what it describes as “an illegitimate attempt” to add costs beyond the scope of its proposal. In its filing, FIMI reaffirmed its readiness to proceed with the acquisition on its original terms, emphasizing its focus on efficiency and sustainability for the struggling company.

Despite the dispute, FIMI has extended the validity of its bid until September 4, when a court hearing will take place, and offered to expedite the closing process by reducing the post-approval timeline from seven business days to two. The firm framed its intervention as a mission to safeguard Israel’s technology sector, pledging not only to rescue the company from collapse but also to potentially share additional payments with existing owners should the turnaround succeed.