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Sky Fund Buys 50% of Li Bar Catering for $95 Million
The Yifrach family has sold a 50% stake in their catering company, Li Bar, to the investment fund Sky for NIS 350 million. Sky will invest NIS 170 million in the deal, with half going to the company and half to the sellers. Li Bar, founded 30 years ago, employs 1,400 people and has annual revenues of NIS 400 million.
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What happened
- 01Sky investment fund acquired 50% of Li Bar catering company for NIS 350 million.
- 02The Yifrach family sold their stake, receiving NIS 170 million from Sky.
- 03Li Bar employs 1,400 people and has annual revenues of NIS 400 million.
- 04The company was founded 30 years ago by Miri and Yaakov Yifrach.
- 05Sky is also negotiating to sell its stake in Icon Group for NIS 500 million.
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