SKY Fund completes acquisition of Kal-Gav

Nearly 5 months after the negotiations have been reported by “Globes,” SKY Fund, a personal fairness fund led by cofounders Zvi Yochman and Nir Dagan, has accomplished its funding in bag producer Kal-Gav. Sources inform “Globes” that SKY Fund invested NIS 90 million Kal-Gav’s shares, thereby rising its holding within the firm to 70%, with the remaining being held by Kal-Gav founder and CEO Moshe Gantz. The deal was at a NIS 130 million valuation for Kal-Gav. Gantz will proceed as CEO after the deal. SKY Fund plans to develop Kal-Gav’s exercise in Israel and elsewhere, each organically and thru mergers and acquisitions.

Kal-Gav was based 40 years in the past by Gantz as a bag producer. The corporate focuses on schoolbags, and was the primary in Israel to make an orthopedic bag. The corporate later expanded into different spheres, with a specialty in journey packs and luggage, tenting gear, laptop and enterprise luggage, clothes, footwear, and many others.

In addition to its Marco Polo, Chief, Out of doors Revolution, and Kal-Gav manufacturers. Kal-Gav can be the unique official distributor in Israel for a collection of worldwide manufacturers, quantity them Lowe Alpine, Petzl, Salomon, Ghost, Gabel, Thorio, Grisport, Asolo, and Vaude.

SKY Fund focuses on investments in mature Israeli firms in numerous fields. One function of its investments is changing into a associate with the entrepreneur within the controlling curiosity within the firms it invests in, with the intention of accelerating the worth of the asset in Israel and all over the world. This was the case with Natali Seculife, Adam Milo, Marina Galil Mushrooms, and others.

SKY Fund, based in 2005, is managed by Yochman, Dagan, Amir Erben, Zion Agiv, Liat Benyamini, Ron Hochman, and Maytal Heller. The fund has raised $450 million in three funds to this point, the third of which amounted to $200 million and was raised two years in the past. SKY Fund’s traders are Israeli and international funding establishments.

SKY Fund’s outstanding portfolio investments embrace iDigital, the marketer of Apple merchandise in Israel; coupons web site GROO (Groupon); Hamashbir Agriculture, Gestetnertec, Marina Galil Mushrooms; Schnapp Batteries; S.AL Group, and filters producer AL Group. The fund’s outstanding exits in the present day have included Natali Seculife, offered to worldwide Chinese language company Sanpower Group, and Spectronix, offered to US firm Emerson Electrical. In 2019, Sky Fund and inventory exchange-listed firm Amanet offered mission administration and operations outsourcing and data firm Marmanet to Teldor for NIS 97 million.