Successes

stones on top of another

We are proud to share some of the projects we were involved with


Holding group / Restructure:
Ampal-American Israel Corporation Inc.

Ampal-American was one of the largest investment groups in Israel (formally traded on Nasdaq and TASE). In 2013, the company filed for Chapter 7 proceedings in the US, due to a USD 400 million unsecured debt. KBS was nominated to serve as the managing director in all of Ampal’s holdings.

The main objective was to restructure the subsidiaries’ activities, improve their performance and maximize the selling price. The yield that is expected to be paid is about 20 times the NAV value relatively to the date of nomination.

Hi tech / IPO:
XLMedia PLC  

XLMedia PLC was a private online marketing start-up mode company when KBS joined it. KBS was part of the group that led an investment into the company. Following the investment, KBS’ team helped building a financial and managerial infrastructure and lead the company’s IPO in London (AIM) raising $70 million. Following the IPO, KBS continued to execute on a series of M&As building an international group of companies in different verticals within the online publishing and marketing industry.

Retail / Turnaround:
Home Center (Do it yourself) LTD

Home Center is the largest DIY Company in Israel with USD 300 million annual revenues. The company was part of one of the largest holding retail companies in Israel (Fishman group).

KBS was responsible for restructuring the debt and leading the turnaround with company’s management. The yield that is expected to be paid is about 3 times the NAV value relatively to the date of turn around started.

Banking / LBO and sale:
IDBI (Industrial Development Bank in Israel)

IDBI was a former governmental bank that was acquired from the Israeli government for USD 200 Million in 2009. KBS was part of the group that led the acquisition.  The acquisition is considered to be one of the most successful LBO made in Israel. Approximately USD 90 million in profit and 160% ROE reached in three years.

Real estate / Turnaround and sale:
Bay-Heart Mall

Bay-Heart was part of the Ampal estate. In 2013 KBS started a turnaround process which eventually doubled the Mall’s Free Cash Flow. In 2016 the share in the Mall was sold according to a valuation of USD 100 million vs. 40 million valuation before starting the turnaround process.

Energy / Turnaround and sale:
EMG (The East Mediterranean Pipeline)

EMG was part of the Ampal estate. In 2011 the pipeline was blown up and there was a breach in the agreement between Ampal’s subsidiaries and the Egyptian Gas authority. In 2019 KBS was involved in leading and executing a USD 500 Million deal to sale and re activate the pipeline. This is considered one of the most complicated deals executed in Israel in the last 20 years.

High tech / Investment and sale:
Risk Modules LTD

Risk Modules was a technology company that specialized in risk management consulting and technology implementation for financial institutions. The company focused on Basel and Solvency implementations. KBS was one of the seed investors in Risk Modules. Risk Modules was sold in 2007.

Holding group / Debt restructure:
Alon Israel oil company LTD

Alon Israel was one of the largest holding groups in Israel including the second largest retail chain in Israel, refineries in the US as well as one of the largest fuel stations chain in Israel and an investor in natural gas.

KBS was responsible for Alon’s USD 600 million debt restructure (one of the largest debt restructures in Israel). The goal was to increase the holdings’ value and to reduce the debt overload. Since the restructure, the current yearly yield is about 13%.

Industry / Turnaround and sale:
Gadot-Group

Gadot-Group was part of the Ampal estate. In 2012 the company was on a verge of bankruptcy and a receiver for the shares was nominates. KBS started a turnaround process in 2013 with the receiver and in 2014 the shares were sold for USD 73 million vs. Bankruptcy in 2012.

Service / Turnaround and sale:
Canada Israel Speed Highways management LTD

Canada Israel Speed Highways management LTD is the largest highway operator in Israel and was a part of Alon Israel’s holdings. Canada Israel suffered from many contractual complications which effected it’s value. KBS lead the process of reconciling those issues and the sell of Alon’s shares, changes that increased the sale price by 30% in a year and a half.