More Investment House News
2 articles
growth-positive
Generation Capital raises NIS 280m on TASE
Generation Capital, an infrastructure fund, has successfully raised approximately NIS 280 million through a public offering led by More Investment House. The offering involved issuing shares and options to institutional investors, with More Investment House becoming a significant stakeholder. The funds will primarily be used for investments in the energy and environmental sectors, areas where Generation Capital anticipates significant growth. The companys shares have shown substantial returns, and the offering is expected to strengthen its capital base, enabling further expansion. The market cap of Generation Capital has reached NIS 1.47 billion, reflecting investor confidence in its growth potential.
PIPE/POInvestment
growth-positive
The shares have been acquired for NIS 1.1 billion by institutional investors including Clal Insurance, More Investment House, and Altshuler Shaham.
Summit Real Estate Holdings Ltd., controlled by Zohar Levy, sold its entire 16% stake in Paz Oil Company Ltd. for NIS 1.1 billion. The shares were acquired by institutional investors including Clal Insurance, More Investment House, and Altshuler Shaham. The transaction, one of the largest on the Tel Aviv Stock Exchange recently, will be completed in two stages. Summit will recognize a capital gain of nearly NIS 500 million from the sale, having invested about NIS 660 million in Paz since 2021. Summit also benefited from a NIS 100 million dividend from Paz over the past year and a half.
Acquired-byInvestment
