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 develop into one of many fundamental websites for actual property offers in Israel. Regardless of its preliminary position in brokering second-hand transactions, it has develop into a supply of data primarily on actual property transactions. Its operations had been and stay privately owned by international 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 significant 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 period the worth of the positioning has virtually quadrupled after KKR purchased management of the corporate. Apax had beforehand tried to amass the positioning 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.
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Zehavit Cohen credit score: Yonatan Bloom