Bronfmans Buy Again

Two affiliated investment partnerships in Burbank, Trefoil Capital Investors II L.P. and Trefoil Israel Partners L.P., announced last week that they have sold half of their 22.5 percent stake in Israel’s largest industrial enterprise, Koor Industries Inc., for $187.3 million.

Buying the stake was the Bronfman family of Canada, which also controls Seagram Co. Ltd. and Universal Studios Inc.

Koor makes everything from cement, to agribusiness chemicals, to telecommunications switching devices.

The Bronfmans also purchased an option to buy the rest of Trefoil’s shares.

Trefoil’s capital gains on the deal, including dividends but before taxes, are about $100 million, according to a Trefoil spokesman. Like profits can be expected if the Bronfmans exercise their option, he added.

The Trefoil partnerships bought their stake in Koor in 1994.