Migdal Acquires 14% Stake in Israeli Real Estate Firm Guy and Doron Levi for NIS 325 Million

Migdal Insurance has purchased a 14% stake in the residential real estate company Guy and Doron Levi, investing NIS 325 million. This transaction values Guy and Doron Levi at NIS 2.325 billion post-money and NIS 2 billion pre-money. In addition to the equity purchase, Migdal will receive options to acquire ordinary shares representing about 4% of the company's capital.

Guy and Doron Levi, owned equally by the two Levi brothers who will each hold 43% after the deal, specializes in residential development and income-generating projects. Established 30 years ago, the company has built approximately 10,000 housing units across Tel Aviv, central Israel, the north, and the Shephelah regions, including projects under Israel Land Authority tenders and urban renewal agreements. Current projects focus on cities such as Tel Aviv, Jerusalem, Ra'anana, Be'er Ya'akov, Netanya, Rishon LeZion, and Holon. The company is recognized for its reliability, quality, and professionalism in construction.

The deal was led on Migdal's side by Iris Haski, head of real estate, and Erez Migdaley, head of the investment division. Guy and Doron Levi were represented by attorneys Shlomi Cohen and Uri Yitzhaki from Gornitzky & Co. Migdal was represented by attorneys Limor Hodir and Dolev Bracha from Herzog Fox & Neeman. Omri Levi from Active Underwriting served as the transaction's lead underwriter.