Manor Evergreen Acquires Shivuk Botnim for 120 Million Shekels

Manor Evergreen investment fund has reached an agreement to acquire peanut marketing and processing company Shivuk Botnim from Tene Capital, Tnuva, and Hamashbir, valuing the company at 120 million shekels. According to market sources, the private equity fund is joining forces with the company CEO, Doron Ashkenazi, marking Manor's first foray into the food sector.

Deal Structure and Financials

The transaction encompasses 100% of the company's shares, with Tene Capital selling its 51% stake, Tnuva offloading 24.5%, and Hamashbir alongside the Livnat family divesting the remaining 24.5%. Shivuk Botnim's annual EBITDA stands at 24 to 25 million shekels, valuing the buyout at a 5x EBITDA multiple. Tene originally acquired its 51% stake in 2016 from Gaon Group and Tnuva at a 125 million shekel valuation.

The acquisition marks Manor Evergreen's strategic entry into the Israeli food and agriculture sector, partnering with long-standing management.

Manor Evergreen's Rapid Expansion

Founded in 2023 by former Leumi Partners executives Avi Ortal, Yuval Zeira, and Lilach Katz, Manor Evergreen manages capital raised from institutional and private investors. The fund previously acquired stakes in infrastructure firm Argil, control systems provider Orad, and nursing services company Natan, alongside managing portfolio exits and upcoming IPO preparations.