Aura shopping for assisted residing chain Bait Bakfar

The acquisition is at a valuation of NIS 1.7 billion for Bait Bakfar, representing a 28% premium.

Actual property firm agency Aura Investments (TASE: AURA), managed by Yaacov Atrakchi, is buying the controlling stake (55%) in assisted residing chain Bait Bakfar (TASE: BKFR), at a valuation of NIS 1.7 billion. Aura plans to go on to finish the acquisition of the complete enterprise by means of a young provide embodying a 28% premium over Bait Bakfar’s share worth this morning.

Aura will buy the shares held by the Blustein family-the controlling shareholders of Beit BaKfar-for NIS 935 million. Concurrently, Aura will concern a young provide to the minority shareholders (who maintain 45%). These embrace Poalim Fairness (18%), the funding arm of Financial institution Hapoalim; Extra Funding Home (8%); and Clal Insurance coverage (6%). The provide will likely be based mostly on the valuation within the cope with the controlling shareholders.

Whereas the acquisition from the Blustein household will likely be in money, the tender provide for the remainder of the shares will embrace a major fairness element: 30% will likely be in money (NIS229 million), whereas the rest will likely be within the type of an allocation of shares in Aura Investments that may represent 8.8% of the true property firm, on the premise of a valuation of NIS 5.5 billion, about 2% greater than its present market cap.

Bait Bakfar was based in 1988. It runs 5 assisted residing services round Israel, with a complete of 975 housing items. The corporate is within the technique of setting up three additional services, with a complete of 884 items.

Printed by Globes, Israel enterprise information – en.globes.co.il – on October 26, 2026.