A fairy tale: restaurant chain bought at a valuation of NIS 280 million

In depth

Green Lantern investment fund has completed the purchase of 50% of the Gan Sipur cafe chain. According to N12, the deal is valued at NIS 150 million. According to Ynet, the deal valuation is NIS 140 million and the consideration is about NIS 70 million. Owners Bernardo Elhovitz, Asaf Ilouz and Nissim Ben Simon will keep half the shares, and Elhovitz will continue to serve as CEO.

According to Israel Hayom, after a memorandum of understanding was signed in February, Green Lantern has officially completed the purchase. According to Walla, the chain is expected to double its branches and open restaurants in Tel Aviv and Lod, and the deal requires approval from the Competition Authority.