developing· Economy· Updated
Aura Group Acquires Beit Bakfar In Landmark $470 Million Deal
The real estate company Aura, owned by Yaakov Attarachi, is acquiring the veteran Israeli senior living company Beit Bakfar for approximately 1.7 billion shekels (about $450 million to $460 million). The transaction will expand Aura's operations beyond residential development and urban renewal into the growing senior living sector.
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What happened
- 01Aura is acquiring 100% of the senior living company Beit Bakfar for approximately 1.7 billion shekels.
- 02The transaction includes 1.15 billion shekels in cash and 550 million shekels in Aura shares.
- 03Beit Bakfar operates five senior living complexes in Israel containing a total of 975 housing units.
- 04The acquisition includes development pipeline reserves for an additional 884 units in Be'er Yaakov, Modi'in, and Kibbutz Usha.
- 05Prior to the acquisition announcement, Beit Bakfar was traded on the Tel Aviv Stock Exchange with a market value of 936.4 million shekels.
- 06Beit Bakfar reported revenues of 109.6 million shekels in 2025 and equity of 1.29 billion shekels in the first half of 2026.
- 07Following the completion of the transaction, Beit Bakfar will become a private company controlled by Aura.
Under the terms of the agreement, Aura will purchase 100% of Beit Bakfar's shares. The consideration consists of 1.15 billion shekels in cash and 550 million shekels in Aura shares, based on an Aura company valuation of 5.5 billion shekels. Following the completion of the deal, Beit Bakfar will become a private company under Aura's control, and its selling shareholders will become shareholders in Aura.
Beit Bakfar, which was established in 1988 and is traded on the Tel Aviv Stock Exchange, had a market value of 936.4 million shekels prior to the announcement. The company operates five senior living complexes comprising 975 existing units. It also holds reserves and development plans for an additional 884 housing units across three projects located in Be'er Yaakov, Modi'in, and Kibbutz Usha.
Beit Bakfar reported revenues of 109.6 million shekels in 2025, and its equity stood at 1.29 billion shekels as of the first half of 2026. Following the acquisition, Yaniv Blushtein will serve as a consultant for Beit Bakfar for a period of three years.
Summarized by baba from the reports of 3 newsrooms. Updated
Latest report: TheMarker. Read TheMarker’s originalThe coverage
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