Shamrock Israel Growth Fund, an investment arm of the Walt Disney Company's (NYSE: DIS) Shamrock Holdings, has invested NIS 35 million in private bus company Bon Tour Ltd.
Bon Tour, one of Israel's three largest private bus companies, has a fleet of 380 buses and minibuses, which operate out of four branches nationwide. It carried 5.5 million passengers in 2012.
Shamrock Israel president Stanley Gold said, "The investment in Bon Tour is part of Shamrock's policy to focus on leading companies in their fields with investments to grow their operations. Bon Tour is an important provider of transport for local authorities, institutions, organizations, and companies nationwide. It has had strong growth in recent years, and we are sure that this growth will continue in the future through the expansion of operations and the entry into new fields."
Bon Tour CEO Eran Katz said, "Shamrock, the investment arm of the Disney family, will help consolidate Bon Tour's standing as a market leader, help the company acquire activities and companies to expand its operations to new fields, while continuing to offer top quality service in Israel's transportation sector."
Shamrock is a private equity fund which has been active in Israel for over 20 years. Previous investments have included Koor Industries Ltd. (TASE:KOR), Tadiran Communications Ltd., Pelephone Communications Ltd., and Matav (one of the cable companies merged to create Hot Telecommunication Systems Ltd. (TASE: HOT.B1)) Current investments include Ahava Dead Sea Laboratories Ltd., Medison Ltd., shoemaker Naot Ltd., and Polymer Logistics Ltd.
Published by Globes [online], Israel business news - www.globes-online.com - on April 3, 2013
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