Israeli Shapir Engineering Boosts Stake in Ad 120
Shapir Engineering and Shapir Living have expanded their ownership in the nationwide senior-living operator “Ad 120,” acquiring an additional 15% stake at a valuation of NIS 1.9 billion.
Shapir now holds 68% of the company, following the transaction, which reinforces Shapir’s strategic position in Israel’s growing senior-living and residential infrastructure market.
The NIS 280 million consideration was structured through bond issuances combined with a flexible future-payment mechanism allowing settlement in cash or equity.
The deal reinforces Shapir’s strategic position in Israel’s growing senior-living and residential infrastructure market.
Arnon, Tadmor-Levy advised Shapir, with the team including David Schapiro, Vered Glaubach, Eliran Furman, Shiri Shaham, Or Perel, Ofir Levy, and Ofir Paz.
