The transaction involved the acquisition of Mekdan Management and Maintenance by a private investor, alongside an existing minority shareholder who increased their stake, thereby establishing a strategic partnership with the company’s current management to support its growth trajectory.
The seller, Kardan Real Estate Enterprise & Development Ltd. (TASE: KARE), is a major publicly traded developer founded in 1988 and a subsidiary of Kardan Israel. Kardan RE is active across Israel and abroad in residential, commercial, hotel, and industrial development, with a strong focus on urban renewal, mixed-use projects, and integrated construction. Kardan’s extensive expertise, nationwide footprint, and reputation for successful project delivery underscored its standing as a leading and respected counterparty in the transaction.
