Sky Investments Buys 50% Stake in Catering Firm Li-Bar
Translated & summarized from TheMarker by baba
Private equity fund Sky has acquired a 50% stake in the Israeli catering company Li-Bar Events for NIS 150-200 million. The deal values the company at NIS 350-400 million, which has annual revenues of about NIS 400 million. The founding Yifrach family will continue to manage the business.
The story in 5 lines · by baba
- Sky Investments acquired a 50% stake in catering firm Li-Bar for NIS 150-200 million.
- The deal values Li-Bar at NIS 350-400 million, with annual revenues of NIS 400 million.
- Li-Bar started as a small sandwich shop 30 years ago in Kiryat Gat.
- The Yifrach family will continue to manage the catering company.
- This marks Sky's first investment in the catering sector.
Private equity fund Sky (SKY) has entered the catering industry for the first time, acquiring a joint controlling stake in the private catering company Li-Bar Events. Sky purchased 50% of Li-Bar for NIS 150-200 million, valuing the company at NIS 350-400 million, with part of the valuation contingent on future performance.
Li-Bar began as a small sandwich shop in Kiryat Gat approximately 30 years ago and has since grown into a major catering business with annual revenues of around NIS 400 million. The Yifrach family, including owners Yaakov and Miri Yifrach and their children, will continue to manage the company. Sky is entering the sector as a financial partner.
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