Harel completes NIS 560m Gamla merger
Categories: Capital Markets, Corporate and M&A, Real Estate
Harel Insurance Investments & Financial Services Ltd., one of Israel’s leading financial institutions, has acquired Gamla Harel Residential Real Estate Ltd., a publicly traded non-banking credit company, through a reverse triangular merger.
This transaction, valued at approximately NIS 560 million, consolidates Harel’s position in the real estate financing market. A specialist in providing funding to property developers, Gamla will benefit from enhanced growth opportunities under Harel’s ownership.
FBC represented Harel, with a team led by partners Avraham Well and Zohar Liss, alongside associates Gal Goldstein, Roie Kiselevich, and Hagar Sasson. Goldfarb Gross Seligman advised Gamla, with partners Ben Lipetz and
Ran Ben-Ari, together with associate Ami Goldberg providing legal counsel.
