UK non-public fairness agency Apax Companions has signed an settlement to amass the Israeli second-hand market web site from US non-public fairness agency KKR.
UK non-public fairness agency Apax Companions has signed an settlement to amass the Israeli second-hand market web site Yad2 from US non-public fairness agency KKR for $950 million, “Globes” has discovered.
The Yad2 web site has change into one of many predominant websites for actual property offers in Israel. Regardless of its preliminary function in brokering second-hand transactions, it has change into a supply of data primarily on actual property transactions. Its operations have been and stay privately owned by overseas funding funds and it has by no means been listed on the inventory change.
The transaction was carried for Apax, by its consultant in Israel, Zehavit Cohen, who was believed to be a serious a part of the success of the negotiations. Apax beat non-public funding funds Blackstone and CVC in bidding for Yad2. In 2014, Walla bought Yad2 to the German writer Axel Springer for NIS 806 million, since which era the worth of the location has virtually quadrupled after KKR purchased management of the corporate. Apax had beforehand tried to amass the location however misplaced out to Axel Springer.
No remark has been forthcoming from Apax.
Printed by Globes, Israel enterprise information – en.globes.co.il – on December 1, 2025.
© Copyright of Globes Writer Itonut (1983) Ltd., 2025.
Zehavit Cohen credit score: Yonatan Bloom
