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The Management of G1 Group opened the trading to mark its IPO on TASE.
G1 Group (formerly G4S Group), a security, safety and technology group and the leader in this field in Israel, which made its IPO on TASE a week ago, the last IPO on TASE for 2018.
The company, which is owned by FIMI Fund, raised NIS 150 million through a non-uniform offer from several leading institutional investors at a value of NIS 450 million.
G1 Group has approximately 45,000 employees and operates all over the country. The Group was founded in 1937 under the name of “Hashmira". In 2002, it became part of the global G4S corporation and, in July 2017, it was acquired in its entirety by FIMI Fund. The Group's management, engineering and technological capabilities enable it to provide various services, such as physical and electronic security, low tension systems and advanced security and safety technologies. The Group has considerable expertise and many years of experience and provides its services to tens of thousands of customers in all sectors of the economy from private homes to enormous concerns and national projects.
G1 joins the commerce and services sector, which consists of 66 TASE companies whose shares have an aggregate value of NIS 53 billion. Under the fast-track framework, the company's shares are expected to be included in the TA-SME60 Index and in the TA-SME150 on March 7, 2019.
Miki Adiv, CEO of G1: “We are delighted and excited to be opening the trading on TASE and I would like to thank the entire staff and management whose efforts have enabled us to create a unique and impressive company. Likewise, I would like to thank the investors for the expression of confidence in the company and its management, despite these being challenging and unstable times in Israel and elsewhere in the world".
Drorit Vilnai, Listings Unit Manager at TASE: “I am pleased to open the first day of trading of 2019 to mark G1 joining TASE, with G1 having been the last new company to make an IPO in 2018. The new G1 company was the 14 to issue shares on TASE in the year just ended. These companies collectively raised a total of NIS 2 billion. I wish the company success and continued development and growth through TASE, for the benefit of the company and its employees, of the capital market and of the Israeli economy".
Pictured from right to left:
Ittai Ben-Zeev, CEO of TASE; Ishay Davidi, Founder and CEO of FIMI Fund; Miki Adiv, CEO of G1 Group; Moti Morad, CFO of G1 Group; Eldad Ben Moshe, Chairperson of G1 Group; Drorit Vilnai, Listings Unit Manager at TASE.
Photo credit: Guy Assiag, for no financial consideration.
