Prime Energy and Lahav Merge in Deal Worth NIS 521m
Prime Energy and Lahav Green Energy, a renewable energy and storage subsidiary of Lahav Infrastructure, have completed a strategic stock-swap merger valued at approximately NIS 521 million. Independent valuations set Prime Energy’s worth at NIS 423 million and Lahav Energy’s at NIS 98 million.
The deal creates a leading public company in Israel’s renewable energy and energy storage sector, combining Prime Energy’s operations with those of Lahav Energy to drive growth, synergies, and expanded market presence.
Erdinast, Ben Nathan, Toledano advised Prime Energy on the transaction, with the team comprising head of Capital Markets, Moty Yamin, partners Meni Kogan and Nitzan Aberbach, together with senior associate Kobi Barkan and associate Alon Ovadia.
Shibolet advised Lahav Green Energy on its strategic merger with Prime Energy. The deal was led by partners Adi Zaltzman, Gal Giladi, and Amir Shachar, with support from Sara Naor and Anat Aig.
