Mivtach Shamir Holdings Ltd.

Last updated
Mivtach Shamir Holdings Ltd.
TASE:  MISH
IndustryPublic company, venture capital
Founded1958
FounderMeir Shamir
Headquarters
Israel
Key people
ServicesVenture capital
Revenue43.9 million NIS (2017)
Website www.msgroup.co.il   OOjs UI icon edit-ltr-progressive.svg

Mivtach Shamir Holdings is an investment company based in Israel. Led by Israeli investor Meir Shamir, Mivtach Shamir invests in three sectors: technology and communications, industrial investments and real estate. [1] Shares of Mivtach Shamir are traded on the Tel Aviv Stock Exchange (TASE) as MISH. [2]

Contents

History

Mivtach Shamir Holdings was founded in 1958 as Attas Industries Halva, Tahini, and Sweets, a privately held food production manufacturing company. Attas listed on the Tel Aviv Stock Exchange in 1983. Meir Shamir acquired a controlling share in the company in 1992. In the same year, Shamir restructured the company and started working in insurance and pension fund management. The name was changed from Attas Industries to Mivtach Shamir Holdings.[ citation needed ]

In 1999 Mivtach acquired 10% of Zen Media, an Internet company. In 2001 - 55,1% of Mivtach Shamir Finance was sold to the Migdal Group for 68 million NIS. [3]

In January 2008, Mivtacch Shamir and Apax Partners announced the acquisition of a controlling share of Tnuva Group. On March 30, 2015 Mivtach announced the sale of Tnuva Food Industries Ltd. to Chinese company - Bright Food, the deal was reported to have been worth NIS 1.1 billion for Mivtach Shamir. [4]

Investments

Mivtach Shamir Holdings has a 44.69% stake in Elbit Vision Systems Ltd. and a 5.5% stake in Gilat Satellite Ltd. Other direct holdings and investments in real estate include 26.16% of Maniff Financial Services, a 42.34% investment in Hot Hasharon Towers and 34.64% of the shares in Digel Investments and Holdings Ltd. Industrial sector holdings include a 20% stake in Tnuva Group and 42% of Norphat as well as a 16,57% stake in Solber Industries. [5]

Corporate social responsibility

Mivtach Shamir is a contributor to the Association for the Wellbeing of Israel’s Soldiers (AWIS) Adoption project which funds recreational activities for several Israel Defense Force (IDF) battalions. [6] The company donated an ambulance to the ZAKA [7] emergency response teams working in Petah Tikva.

Related Research Articles

<span class="mw-page-title-main">Tnuva</span>

Tnuva, or Tenuvah, is an Israeli food creation and marketing company. The company holds in Israel a significant market share in the field of drinking milk production, dairy products and its marketing. It was for its first seventy years an Israeli food processing cooperative (co-op) owned by the kibbutzim and moshavim, and historically specializing in milk and dairy products; it was subsequently sold by its members as a limited company and, since 2014, has been controlled by a Chinese state company, Bright Food. Tnuva is the largest food manufacturer in Israel; its sales account for 70% of the country's dairy market as well as sales of meat, eggs and packaged food.

<span class="mw-page-title-main">Israel Discount Bank</span>

Israel Discount Bank, Ltd. is a retail bank, commercial bank, private bank and financial services company headquartered in Tel Aviv with 112 branches throughout Israel.

Frutarom Industries Ltd. is an Israeli-based company that specializes in the production and distribution of extracts for flavor and fragrance. In 2015 it had sales of over $872 million.

Migdal Insurance and Financial Holdings Ltd. is an Israeli insurance company.

<span class="mw-page-title-main">Africa Israel Investments</span> Investment company

Africa Israel Investments Ltd. is an international holding and investment company based in Yehud, Israel. The group consists of several private and public companies active in areas such as real estate, construction, infrastructure, manufacturing, tourism and leisure. The company’s shares are traded on the Tel Aviv Stock Exchange and are a constitute of the TA-25 Index. The company became the subject of newspaper coverage in 2008, for its association with the construction of Israeli settlements on the West Bank.

Elco Ltd. is an international conglomerate holding company headquartered in Tel Aviv, Israel. The company was founded in 1949 by Alexander Salkind, and has been managed since its establishment by three generations of the Salkind family. It is the parent company of Electra, Electra Consumer Products, Electra Real Estate, Supergas and others. By 2021 the company’s subsidiaries were active in 17 countries, with more than 21,000 employees, and a production site in Israel where it manufactures air conditioning units and electromechanical equipment.

Israel Corporation is Israel's largest holding company. It was founded in 1968 by the Government of the State of Israel.

The TA-125 Index, typically referred to as the Tel Aviv 125 and formerly the TA-100 Index, is a stock market index of the 125 most highly capitalised companies listed on the Tel Aviv Stock Exchange (TASE). The index began on 1 January 1992 with a base level of 100. The highest value reached to date is 1247.92, in January 2011. On 12 February 2017, the index was expanded to include 125 instead of 100 stocks, in an attempt to improve stability and therefore reduce risk for trackers and encourage foreign investment.

<span class="mw-page-title-main">Harel Group</span> Israeli insurance group

Harel Insurance Investments and Financial Services Ltd. is the largest insurance group in Israel. It is a public company whose shares are traded on the Tel Aviv Stock Exchange and is included in the TA-100 Index. It is controlled by the Hamburger family, which owns 49.9% of the company's shares, while the public holds 50.1%.

D. Medical Industries is a publicly traded holding company, headquartered in Israel, that develops and markets insulin pumps and infusion sets through its subsidiary, Spring-Set Health Solutions. Shares of the company are traded on the Tel Aviv Stock Exchange.

<span class="mw-page-title-main">Enlight Renewable Energy</span>

Enlight Renewable Energy is a publicly traded company, headquartered in Israel, that builds and operates solar and wind power facilities. Its shares are traded on the Tel Aviv Stock Exchange.

TAT Technologies is a publicly traded Israeli company, headquartered in Gedera, Israel, that provides environmental control products and services for the commercial and military aviation industries. Its shares are traded on the NASDAQ Capital Market and on the Tel Aviv Stock Exchange.

<span class="mw-page-title-main">Shlomo Group</span>

Shlomo Group is one of the largest investments and holdings groups in Israel, consists of automotive, real estate, telecom, insurance, shipyards and logistics sectors. The group was founded in 1974 by Shlomo Shmeltzer. The group's consolidated turnover is amounted to ILS 7 billion, as of 2017. Today the company is headed by Asi Shmeltzer, the son of Shlomo Shmeltzer who was the company's founder, while his wife Atalia Shmeltzer acts as the group's owner.

<span class="mw-page-title-main">Leon Recanati</span>

Leon Recanati is an Israeli businessman and philanthropist.

Kenon Holdings is a public corporation, which is a spin off from Israel Corporation, traded on the New York Stock Exchange and the Tel Aviv Stock Exchange. Owned by Israeli businessman Idan Ofer, it controls Israel Corp's investment in companies such as Qoros.

Meir Shamir is an Israeli businessman, he is currently the chief executive officer and main shareholder of Mivtach Shamir Holdings Ltd. Shamir is an active philanthropist and since 2012, has served as the Head of "Taglit Israel".

<span class="mw-page-title-main">Delek Drilling</span>

Delek Drilling LP is an Israeli energy Oil & Gas partnership in the exploration, development, and production of Natural Gas and Oil. Delek group owned by Yitzhak Tshuva, is the controlling shareholder of the partnership. The partnership is traded on the Tel Aviv Stock Exchange and is part of the TA 35 Index.

<span class="mw-page-title-main">Shamir Optical Industry</span> Israeli optical lens company

Shamir Optical IndustryLtd. is an international company headquartered in Kibbutz Shamir, Israel that develops and manufactures optical lenses for eyeglasses. In 2005, the company issued dual listings, on the Tel Aviv Stock Exchange and NASDAQ, becoming the first company from the kibbutz industry to be listed on NASDAQ.

Mishorim Development Ltd. is an Israeli company that was founded by Gil Blutrich in 1990. The current owner is Alex Shnaider. It is a public company traded at the Tel Aviv Stock Exchange as of 2021. The company owns many historic sites and buildings in various countries, such as the town of Port McNicoll, Horseshoe Resort, King Edward Hotel, and Skyline Tower in Canada, as well as parts of the SunTrust International Center in Miami, United States.

Danna Azrieli Hakim is an Israeli real-estate developer, and philanthropist. Azrieli has been Chairwoman of Azrieli Group, a publicly real estate company in Israel, since 2014. Azrieli is also Chairwoman of the Azrieli Foundation (Israel), and a member of the Azrieli Foundation (Canada), and a board member of the Weizmann Institute of Science, Tel Aviv University, and the Darca schools. She has an estimated net worth of $1.9 billion.

References

  1. Website, Reuters. "Mivtach Shamir Holdings Ltd (MISH.TA)". U.S. Retrieved 2018-04-25.
  2. "Tel Aviv Stock Exchange Website".
  3. "Migdal obtains full ownership of Mivtach Shamir – buys 75% of its business for NIS 68 mln - Globes English". Globes (in Hebrew). Retrieved 2018-04-25.
  4. "Mivtach Shamir records NIS 570m profit on Tnuva sale - Globes English". Globes (in Hebrew). Retrieved 2018-04-25.
  5. Editorial, Reuters. "${Instrument_CompanyName} ${Instrument_Ric} Quote| Reuters.com". U.S. Retrieved 2018-04-25.
  6. "Meir Shamir". VCWiz. Retrieved 2018-04-25.
  7. Nati Elbar (2015-11-21), טקס השקת אמבולנס זקא , retrieved 2018-04-25