Green Lantern Acquires Stake in Kiso Restaurant Group for 370 Million NIS

Green Lantern investment fund is acquiring a 30% to 35% stake in the Kiso Asian restaurant group, valued at 350 million to 370 million NIS based on 2026 results and a 6x EBITDA multiple, Calcalist has learned. The parties have signed a memorandum of understanding, replacing previous plans for an initial public offering on the Tel Aviv Stock Exchange.

Deal Structure and Valuation

The shares will be purchased from founders Rotem Tahan and Noam Gabay, who each hold 31.5% of the company. Led by Richie Hunter, Daniel Ben Raye, and Yossi Eliash, Green Lantern's valuation surpasses the 300 million NIS valuation offered by institutional investors ahead of the planned IPO, which ultimately disappointed the founders and led them to halt the public offering process.

"Green Lantern's entry into the partnership provides Kiso with significant management and commercial capabilities alongside financial investment, making it a preferred alternative to an IPO."

Revenue and Financial Performance

Kiso closed 2025 with revenues of 307 million NIS. Of this total, 126 million NIS—representing 41%—came from deliveries, a sector that gained strong momentum during the COVID-19 pandemic, while the remaining 59% came from dine-in sales. Net profit attributable to shareholders reached 25 million NIS in 2025, compared to 16 million NIS in 2024 and 14 million NIS in 2023.