Generation to acquire Shikun & Binui Energy at NIS4.2b valuation
Generation Capital is acquiring Shikun & Binui Energy through its wholly owned subsidiary PowerGen, in a transaction valuing Shikun & Binui Energy at approximately NIS 4.2 billion.
The transaction would give Generation full ownership of Shikun & Binui Energy and significantly expand PowerGen’s presence across conventional and renewable energy. Shikun & Binui Energy develops, builds, owns, and operates energy projects in Israel and internationally, including solar, storage, and other power generation assets.
The deal comes as Israel’s energy market continues to attract infrastructure investors seeking scale in electricity generation and renewable power. Completion remains subject to due diligence, definitive agreements, and regulatory approvals.
Erdinast, Ben Nathan, Toledano represented Generation Capital and PowerGen in the transaction, with a team led by Donny Toledano, Shai Dayan, Yonatan Achiron, Eyal Wiesel, Tamar Toledano, Naomi Gerber, Noam Nadler, Barak Steinberg, Tamar Rosenschein, Uri Mandel, Oren Tal, Yaron Cohen, Muhammad Bassam, Gwen Carmen, Shada Samara, Neta Ben-Simon Tanzer, Moti Yamin, Yonatan Chaimi, Anastasia Schiff, Eyal Birenberg, Eran Lampert, and Alon Tal.
Shikun & Binui Energy was represented by Gornitzky & Co.
