Founders of Israeli E-Commerce Leader K.S.P Sell Major Stake
Categories: Corporate and M&A
The founders of Israel-based e-commerce leader K.S.P Group (P.S.D.S Enterprises Ltd.), Yaakov Frilok and Ze’ev Surkin, sold 30% of their holdings to three of the country’s top institutional investors—Altshuler Shaham, Migdal, and Mor—in a deal valued at approximately USD 230 million.
K.S.P, one of Israel’s largest online and retail technology and electronics chains, continues to expand its market presence.
Herzog advised the sellers, with the transaction led by Corporate and Securities Department partners Niv Sivan and Moshe Minster. Labor Law partner Maayan Hammer-Tzeelon and Real Estate partner Lital Wolfovitz also played key roles.
