Bank Hapoalim acquires 20% of the Amal Group nursing home chain
Categories: Corporate and M&A
Bank Hapoalim has acquired 20% of the Amal Group for NIS 270 million from FIMI investment fund, at a valuation of NIS 1.5 billion to Poalim Equity.
Amal Group operates a chain of nursing homes and care facilities. The leading private equity firm in Israel, FIMI had purchased 80% of the chain’s shares in 2021 for NIS 800 million.
Erdinast, Ben Nathan, Toledano & Co., with Hamburger Evron advised Bank Hapoalim, led by partner, Doni Toledano, together with associate Stav Levy.
Naschitz Brandes Amir advised FIMI Opportunity Funds, led by senior partner and head of M&A Sharon Amir, partners Einat Rosu and Asi Moravchick, and associate Tal Slabbaert.
