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Poalim Capital Markets is pleased to announce the closing of its latest M&A advisory assignment as sole financial advisor to Ampa Capital in the sale of 100% of the shares of Ampa Capital Car Lease ("Ampa Lease") to the Carasso Motors Group for NIS 50.8 million.
Ampa Lease, a part of the Ampa Group's financing arm, Ampa Capital, engages in the operational leasing of vehicles to small to medium size enterprises. This transaction will enable the Carasso Motors group, the exclusive importers of Renault and Nissan to Israel, to develop a leasing business platform as a part of the group's expansion strategy. The task of selling a car lease company, which was one of the sectors that were significantly affected by the current downturn, was not an easy task, however PCM through a well organized and targeted process succeeded to find a tier one strategic buyer which was able to recognize the quality of the asset being sold.
The PCM team is honored to have had the opportunity to work on this deal with the professional team at Ampa Group and we look forward to our continued work with the Group as their sole financial advisor, in unlocking and realizing the full potential of the Group across its diversified holdings in real estate, industrial and the financial sectors.
Our ability to provide quality service and bottom line results to our clients continue to be our number one goal.
Amir Aviv,
Deputy CEO & Head of Corporate Finance
Poalim Capital Markets
About Ampa Capital Group
Ampa Capital is the financial services arm of the Ampa Group. The Company specializes in providing one stop shop non-bank financial solutions for Corporate and SME's (Small and Medium Enterprises) in various business sectors .The group's activities Includes financial and operational leasing, through its subsidiary Hamit, long term suppliers credit factoring, purchase finance and international trade finance. The demand for the Company's financial solution has been growing constantly and the Company is implementing its strategic plans to grow in this field of activity.
About Carsso Motors group
The Carasso Group is a well established, privately owned group of companies engaged in vehicle import, distribution and spare parts, real estate development and construction. It has played a major role in providing a sound basis for the development of Israel's motor vehicle sector.
Today, the Group is Israel's sole importer and distributor of Renault and Nissan vehicles. It is the oldest Renault distributor in the world, having imported the cars since 1948. It is also the only distributor worldwide that imports both Renault and Nissan vehicles (Renault recently acquired 40% of Nissan).
The company was originally established in Jaffa, in 1934, by Moise Carasso, as the General Motors representative for Israel. During World War II, the company developed a comprehensive and highly successful spare parts business, which continued to grow after the war. In 1945, the company was renamed Moise Carasso & Sons Ltd. to reflect the involvement of his sons, who are still active in managing the Group. Over the next two decades, the company successfully operated the dealerships for Nash, Federal, Hillman, and Renault. After the Six Day War in 1967, the Israeli vehicle market entered a period of rapid development, and the company increasingly focused its efforts on Renault.
About Poalim Capital Markets (PCM)
PCM is a leading investment bank, providing a full range of global products and services and focusing on international investment banking, local underwriting, private equity, direct and indirect investments and brokerage activities. As a subsidiary of Bank Hapoalim, Israel's largest financial group, PCM provides its clients with global scope and presence in emerging markets. PCM offers a full range of services for companies seeking access to China including strategic consulting, business development, corporate finance, PE and more. Together with its US strategic partner William Blair & Company, PCM offers clients best-of-breed investment banking - IPOs, M&As and private placements. PCM is developing the largest private equity platform in Israel and is the founder and lead investor in several PE and VC funds. PCM has over $1 billion under management in PE funds in a wide range of sectors: real estate, venture capital, growth equity, life sciences and alternative energy.
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