Marina Mushrooms plans IPO at NIS 1b valuation
In early 2026, a wave of flotations of meals corporations is anticipated. Apart from the flotation of Tnuva, which has been examined previously few months however about which no choice has but been made, the flotation of meals importer Sugat, managed by personal fairness agency Fortissimo, is on the agenda, and the corporate is gearing as much as problem a prospectus. As well as, Marina Galilee Mushrooms, based by Remo Ben Shushan, is engaged on a prospectus on the idea of its third quarter financials, with the intention of creating an IPO in February subsequent yr.
Market sources estimate {that a} draft prospectus will probably be printed by the top of this yr. Ben Shushan, along with Richard Hunter’s Inexperienced Lantern fund, which has a 33% stake within the firm, Low cost Capital Underwriting (20%) and different shareholders have begun to advertise the flotation, on the idea of the funding settlement with Inexperienced Lantern and Low cost Capital Underwriting.
In November 2021, Inexperienced Lantern and Low cost Capital purchased 50% of Marina Galilee Mushrooms for NIS 150 million. Underneath the funding settlement, the corporate was to be floated on the inventory alternate inside 5 years, and so now, 4 years later, the events are getting ready to finish the transfer, making the most of the excessive costs on the inventory market and in addition the style of funding establishments for effectively established industrial, service, and actual property corporations.
Marina Galilee Mushrooms grows mushrooms on the market to supermarkets and eating places. It additionally grows fruit and greens. Its homeowners aspire to a valuation within the flotation of a minimum of NIS 1 billion for the corporate, which had EBITDA of NIS 100 million final yr, up from NIS 30 million on the time that Inexperienced Lantern made its funding.
To lift NIS 220-260 million
The shareholders in Marina Galilee Mushrooms plan to make use of the proceeds of the flotation, some NIS 220-260 million, to accumulate Onot, which has related exercise, though such a deal will probably be checked out by the Competitors Authority. The flotation of Marina Galilee Mushrooms will probably be led by Low cost Capital Underwriting and Barak Capital Underwriting.
Remo Ben Shushan based Marina Galilee Mushrooms within the Eighties. It started as an area distributor of recent mushrooms from growers within the Western Galilee. Rising mushrooms agriculturally was then an revolutionary enterprise, and the corporate developed through the years and arrange a mushroom farm at Moshav Me’ona within the Galilee. Right this moment, Marina Galilee Mushrooms is likely one of the largest corporations in Israel in rising and advertising and marketing recent produce, specializing in every day chilled distribution.
Printed by Globes, Israel enterprise information – en.globes.co.il – on November 3, 2025.
© Copyright of Globes Writer Itonut (1983) Ltd., 2025.
