Rakia Capital Buys Into Crystalino For NIS245m
Crystalino, an Israeli importer and distributor of electrical appliances, electric mobility products, and luxury jewelry, has sold 50% of its shares to private equity fund Rakia Capital for NIS245 million, marking a major strategic move into the luxury jewelry and electric mobility sectors.
The deal strengthens Rakia’s investment portfolio and positions the firm for further growth in high-value consumer and technology markets.
Herzog represented Crystalino and its shareholders, with the team fronted by partner Nir Dash (Head of Corporate and Securities), and partner Moshe Minster (M&A), supported by associates Chen Zohar, Tomer Gordon.
ERM represented the buyer, Rakia Capital, throughout the process. The team was led by Nimrod Rosenblum, Head of ERM’s Corporate, M&A and PE Department, and partner Itamar Lev Eldar, Corporate, M&A and Private Equity. They were joined by partners Tamar Dolev-Green (Competition) and Ori Shelas Turkia (Employment), as well as Counsel Na’ama Irony (Real Estate), and associates Adi Rafaeli and Maya Shoshani (Corporate, M&A and Private Equity).
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