Sky Fund acquires half of Li-Bar shares for NIS 200 million

Sky Fund is purchasing 50% of the shares of catering company Li-Bar for approximately NIS 200 million, in a deal that values the company at around NIS 400 million. The company provides catering services to large organizations and employs about 1,400 workers.

Sky Investment Fund is acquiring 50% of the shares of catering company Li-Bar, owned by the Yifrach family from Kiryat Gat, in a deal worth approximately NIS 200 million. The deal values the company at around NIS 400 million. Li-Bar, which started as a small restaurant in Kiryat Gat, has grown into one of the largest institutional catering companies in Israel. The company provides catering services to large factories and organizations, including Osem, Shufersal, Electra, Meir Group, Israel Police, IDF, and the Israel Prison Service. It employs about 1,400 workers and generates annual revenues of around NIS 400 million. The deal includes share purchase and capital injection: about half of the amount will go to the Yifrach family, and the remainder will be injected into the company's treasury for development. Sky Fund, managed by Zvi Yochman and Nir Dagan, specializes in investments in established Israeli companies. The Yifrach family will continue to hold 50% of the company's shares after the deal is completed.