Singer Omer Adam Becomes Partner in Zappa Entertainment Chain

By חדשות כיפה

Translated & summarized from Kipa by baba

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Hebrew · 2 newsrooms covering

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Singer Omer Adam and Aroma Music have acquired a 40.05% stake in the Zappa entertainment venue chain from Delek Israel for 20 million shekels. The Adam family and Aroma Music will manage and develop the chain. This deal comes after Delek Israel recently increased its own stake in Zappa.

The story in 5 lines · by baba

Singer Omer Adam and Aroma Music acquired 40.05% of Zappa entertainment chain from Delek Israel.
The deal is valued at 20 million shekels, with the Adam family managing the chain.
Aroma Music represents artists like Idan Raichel and Shlomi Shabat.
Omer Adam's father, Yiniv Adam, collaborates with impresario Beni Menashe.
Delek Israel recently bought out German company Eventim's share in Zappa.

Israeli singer Omer Adam is expanding into the entertainment venue business, becoming a partner in the Zappa chain of performance clubs. Adam, along with music company Aroma Music, has acquired a 40.05% stake in the chain from Delek Israel. The deal involves the Adam family and Aroma Music taking over the management and development of Zappa.

The strategic partnership is valued at 20 million shekels. Aroma Music, which represents artists like Idan Raichel, Shlomi Shabat, and Eden Ben Zaken, is also partly owned by impresario Beni Menashe. Menashe and Yiniv Adam, Omer Adam's father, have a history of collaboration in the music industry, including show production, artist representation, and investments.

This acquisition follows Delek Israel's recent increase of its stake in Zappa just six weeks prior. Delek Israel purchased the share previously held by German entertainment giant Eventim for 20 million shekels. Delek Israel initially bought a 10% stake in Zappa from businessman Golan Einat about three years ago, gradually increasing its ownership to 81% before the current transaction.

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