Migdal invests NIS325m in Guy & Doron Levy
Categories: Capital Markets, Investment Funds, Projects & Energy
Migdal Capital Markets has agreed to invest NIS 325 million in Guy & Doron Levy Engineering, Construction and Investment, an Israeli real estate development and construction company, at a pre-money valuation of approximately NIS 2 billion.
The investment will be made through the issuance of new shares, following which Migdal will hold 14% of the company’s share capital, alongside an option to increase its holdings. Guy & Doron Levy is a long-standing private company with extensive residential development activity in Israel.
Herzog represented Migdal Capital Markets in the transaction, with a team led by Limor Hodir, Dolev Bracha, Elad Elazar, Olga Pery, Asaf Beker, Chen Davidian, Achinoam Cohen, Ron Bossak, Shaked Basteker, and Itay Harel.
