Together since 2007

Transforming money management to make financial markets accessible to all

Acquired since 2021

Enabling the human right of mobility to all

Acquired since 2017

Introducing Zero Trust mechanisms for a truly sale environment

Acquired since 1994

Introduced cyber security to the mass business market

Together since 2010

Harnessing the power of artificial vision to transform the lives of visually impaired

Together since 2020

Digital Learning Platform designed to optimize student engagement and learning outcome

Together since 2019

AI-driven end-to-end Fix & Flip platform

Together since 2021

First drone delivery service focused in the US suburbs.

Acquired by DG 2007

Global provider of digital advertising solutions that optimize the use of media, creative and data for enhanced performance.

Together since 2010

Leading investment house in Israel, managing over 77 Billion Dollars for private, business and institutional clients

Together since 2016

Developing and commercializing novel endovascular treatments for stroke

Together since 2012

Developing percutaneous implantable technologies for patients with chronic heart failure

Eli Barkat in talks on DS Apex takeover

Adi Ben-Israel
Published by Globes [online], 30/09/2009 11:33:00

BRM Group chairman Eli Barkat is in talks to acquire 48.5% of investment house DS Apex Holdings Ltd. (TASE:DSAP) at NIS 28 per share, reflecting a 27% premium over today’s opening price of NIS 22.33.

Barkat is believed to be trying to acquire the 12.3% stake in DS Apex of Moshe Wertheim through Wertheim Holdings Ltd., the 13% stake of Citigroup’s Old Lane Luxembourg Master Fund S.a.r.l hedge fund, the 4% holdings of co-CEOs Victor Shamirch and Ido Neuberger, and the 8.3% stake of real estate developer Nathan Hetz. Barkat may, however, acquire up to 55% of the company altogether.

Other major shareholders in DS Apex are Histadrut National Workers Union, with a stake of 13.4%, and the Union’s Workers’ Insurance Fund Provident Fund and Pension Fund own 9.4%.

Eli Barkat is the brother of Jerusalem Mayor Nir Barkat, who is helping his brother in the talks together with Yuval Rakavy, a venture partner in BRM, which the Barkats control. Eli Barkat’s wife, Alona, owns the Beersheva Hapoel Football Club. Eli Barkat invested $400,000 for 50% of Check Point Software Technologies Ltd. (Nasdaq: CHKP) when the company was just starting out, and sold the shares for $400 million.

“Over the year’s we’ve received quite a few approaches from businessmen and various institutions interested in buying shares in the company,” said Neuberger. “We believe that the approach by Eli Barkat and BRM is the most suitable for the company, its employees, and shareholders. For this reason, it developed into advanced negotiations. I believe that if a deal is closed, it will contribute toward the stability of the company and its continued growth in all areas of its business.”

DS Apex posted a net profit of NIS 57.7 million for the second quarter of 2009, 23% more than for the preceding quarter.

DS Apex’s share rose 6.7% in morning trading to NIS 23.83, giving a market cap of NIS 856 million.

Published by Globes [online], Israel business news – www.globes-online.com – on September 30, 2009