Israeli Food Giant Kisu Sells Stake to Green Lantern Fund

The Israeli Asian restaurant group Kisu has opted for a strategic partnership with investment fund Green Lantern over a public offering on the Tel Aviv Stock Exchange. Green Lantern, led by Richie Hunter, Daniel Ben Re'i, and Yosef Eliash, has signed a memorandum of understanding to acquire 30% to 35% of Kisu's shares for an estimated NIS 350 to 370 million. The shares will be purchased from founders Rotem Tahan and Noam Gabay, marking a surprising exit for them. This is Green Lantern's second attempt to invest in Kisu; a previous deal in 2023 to buy half the company at a lower valuation (NIS 120-180 million) fell through due to the fund's inability to secure partners. The current offer values Kisu higher than institutional investors on the stock exchange, who had assessed the group at approximately NIS 300 million, which had previously delayed Kisu's IPO plans.

Founded in 2005, Kisu currently operates eight restaurants, including Nishi, Nochi, Pho Sushi, and Anzu. The group reported NIS 307 million in revenue and NIS 25 million in net profit for 2025, a significant increase from previous years. The delivery sector is a key growth driver, accounting for about 41% of Kisu's total revenue. For the founders, the partnership with Green Lantern is seen as both financial and operational, leveraging the fund's experience in the food and retail sectors. While the agreement is expected to be finalized soon, the possibility of a future stock exchange listing for Kisu remains open.