Yad2 sells for $950M, Aluma books 2.3x exit, Israeli consumers drop record ₪1.5B | TV10 Daily
Re: December 1, 2025 in Israel - and what it all means for investors at home and abroad.
If you read nothing else - December 1st opened with record consumer spending, Israel’s ubiquitous website Yad2 will change hands again for $950M, and Israeli-founded Synopsys, Inc. (NASDAQ: SNPS) inked a $2B partnership with NVIDIA (NASDAQ: NVDA). And - fledgling Israeli startups announced Seed rounds. An established public real estate fund updated its dividend payouts, public companies raised money, and we saw respectable returns from an exit (signed, not closed) by a public infrastructure fund.
All of this signals that both institutional and retail capital are actively deploying despite ongoing conflict.
Israeli residential REIT starts regular dividends after positive Q3 earnings:
Megureit (TASE:MGRT) announced it will start paying a monthly dividend while reporting that Q3 profits hit 45% YoY. Chairman Erez Rozenbuch targets a 4.8% yield in 2026, ~7% by 2028.
Our take: This shift from periodic to regular monthly payouts could make the company more attractive to income-focused investors, possibly turning the stock into a “synthetic paycheck,” if all goes well. By syncing distributions with its own rental inflows (in Q3, the company’s net operating income from apartment rentals hit NIS 22.8 million), Megureit creates a unique lane on the TASE. The company seems to want to offer its shareholders the consistency of being a landlord without the day-to-day management headaches. It’s a direct bid for retail capital that values steady, predictable cash flow over clunky quarterly payments.
Notable deals today
The popular Israeli second-hand marketplace, Yad2, will be acquired by private equity firm Apax Partners from KKR for $950M. Launched in 2005, the online classifieds platform has changed hands several times, remaining a private company.
Israeli infrastructure fund Aluma (TASE:ALUMA) announced an agreement to sell off their entire 81.6% stake in telecom and data center business Exelera (valuing the company at ₪500M). This would be a 2.3x return on investment, following a failed attempt to sell this asset to Bezeq, which fell through in Q3 of this year. Aluma shares climbed 12.39% for the day - the transaction is pending regulatory approvals.
Israeli finance execs on the move
CAL (Israel Credit Cards) named Yafit Gheriani as the company’s new CEO, replacing Levy Halevy, who is stepping down after seven years. Gheriani served as Deputy CEO at rival Isracard (TASE:ISCD), CAL’s largest direct competitor. The appointment is subject to Bank of Israel approval.
🌱 Startup seedlings
LeanCon raises $6M for AI construction bids
As interest rates keep costs high, LeanCon is pitching developers the ability to bid on 10x more real estate projects, already deployed in NYC projects. Ibex Investors led the $6M Seed, with backing from industry heavyweight Phil Bernstein (former VP at Autodesk) - betting on a tool to tackle pre-construction - an expensive, tedious part of building.
Moonshot raises $12M for literal ‘rocketship’ tech
Israeli space-tech startup Moonshot emerged from stealth with $12 million in Seed funding. The company says it will be able to launch cargo into space more efficiently with a better payload ratio.
Our takes on today’s Israeli public company fundraising
Econergy (TASE:ECNR) raised ₪250M in a private placement, pricing shares at ₪38 (4% discount to close). The renewable energy firm saw strong demand from existing shareholders, with Phoenix, Menora, and Migdal increasing their positions. The stock is up 4.18%.
Our take: The fact that Econergy rallied 4% tells you everything you need to know about sentiment - investors are not interpreting this as a lifeline. The key signal here is the 4% discount. In private placements, institutions often demand a double-digit haircut. That Phoenix, Menora, and Migdal Israel’s ‘smart money’ were willing to pay near-market prices to increase their stakes suggests they see the current valuation as a bargain relative to the company’s pipeline. In this capital-hungry renewables game, seeing deep-pocketed backers doubling down is promising.
Bank of Jerusalem (TASE:JBNK) raised ₪388M in CPI-linked debt, priced at 2.57% w/4.6 year duration. They ended up oversubscribed at ₪840M, after a 31% YoY surge in Q3 profit.
Our take: Don’t let the ‘small bank’ tag fool you - we think this is a flex. When a debt raise gets oversubscribed by more than 2x (₪840M in orders for a ₪388M target), it tells you the market is starving for quality yield. The real signal here is the CPI linkage. Because institutional investors are paying a premium to lock in inflation protection. For JBNK, securing capital at a 2.57% real interest rate, backed by their upwardly spiraling profits, is a masterclass in timing. They are effectively reloading their lending ammo cheaply while the market continues to reward their growth story.
Israel’s Issta (TASE:ISTA) raised ₪215M in an oversubscribed debut bond issuance, priced at 5.42% with a 4.8 year duration. Demand hit approximately ₪630M, signaling strong market confidence. Proceeds will fuel expansion in logistics and hotels.
TASE snapshot for Dec. 1, 2025
The top 3 TASE indices closed mixed on Monday. Gains in the banking and technology sectors lifted the flagship index, while insurance and mid-cap stocks weighed on broader sentiment.
TA-35: +0.11%
TA-90: -0.67%
TA-125: -0.07%
Shopaholics:
Israelis spent ₪1.5B on Black Friday - 28% more than last year. Data from Auto Bank Serv (TASE:SHVA) confirms a broad retail rebound: online sales jumped 38.3% to ₪713M, outpacing a 20% rise in physical store transactions (₪795M).
That’s our day. 🎉 If you liked this update, please forward it to a friend.
Onwards.
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Disclaimer: This brief is for informational purposes only and does not constitute investment advice. All data current as of publication date.