Israel's economy is continuing to attract a steady stream of global investment institutions. The latest arrival is global investment advisory company Babcock & Brown Capital Ltd. (ASX: BNB), which announced today that it will open an office in Israel. Outgoing Government Companies director general Eyal Gabbai will head the company's local team.
Babcock & Brown was founded in 1997 and it is listed on the Australian Stock Exchange. The company, which employs 1,000 people and is active in 28 countries worldwide, specializes in real estate and infrastructure investments, and project financing.
Sources inform ''Globes'' that Babcock & Brown intends to establish a designated fund that will focus on investment in infrastructure, water (desalinization), and energy. The company is believed to be already eyeing a number of infrastructure and real estate deals.
Babcock & Brown CEO Phil Green said, "We are pleased to have a person with the experience of Eyal Gabbai join Babcock & Brown. Gabbai, in conjunction with other key personnel within Babcock & Brown, will work to establish Babcock & Brown’s presence in Israel and to identify opportunities for us in infrastructure, real estate and private equity style opportunities.” Green added, "We went through a detailed evaluation process before we decided to enter Israel. If the Israeli economy continues its rapid growth and current policies are maintained, we foresee a bright future for Babcock & Brown's operation’s in Israel.”
Published by Globes [online], Israel business news - www.globes.co.il - on June 19, 2007
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