/ PR .NEWSWIRE /
Nov 16, 2016, 13:24 ET
FOR IMMEDIATE RELEASE
Kuzari Group LLC
220 East 42nd Street
New York, NY 10017
KUZARI GROUP EXPANDS FOOTPRINT INTO ISRAEL WITH SPECIALTY FOCUS
NEW YORK, NY – November 14, 2016 – Kuzari Group announced today that it has launched an initiative to invest in and/or purchase small and middle sized business in Israel, and has brought on Marc Bodner of Keshet Advisors to lead the effort. "We've always had a personal and professional affinity for and interest in the Israeli market, and believe the current demographic and industry dynamics make Israel ripe for Kuzari's brand of investing", said Benjamin Gerut, Managing Partner of Kuzari Group. Kuzari plans to acquire one or more platform businesses in Israel which meet its general investing conditions: (a) established small to mid-sized businesses with ₪5 - ₪20 million of EBITDA, (b) experienced incumbent or sponsoring management teams with a track record of relevant success, (c) businesses with stable operating history and established franchise value and, (d) opportunistically driven transaction opportunities. "I'm thrilled to be involved with the fantastic Kuzari team, and firmly believe that Israel represents a very unique and exciting opportunity for all involved", said Marc Bodner who will be spearheading the effort on the ground in Israel. Kuzari expects to begin actively seeking investment opportunities during Q4 2016.
ABOUT MARC BODNER
Marc Bodner has extensive corporate management experience, focusing on operations, corporate development and capital markets. Marc is a founding partner of Keshet Advisors, Ltd., a Jerusalem-based corporate advisory firm, concentrating on Israeli hi-tech companies and venture capital funds. Prior to founding Keshet, Marc was managing director of Evida Power, an Israel and UK-based designer and manufacturer of lithium-ion batteries for the emerging electric vehicle market, backed by Jerusalem-based venture fund Terra Venture Partners. Before joining Evida in May 2009, Marc was CEO of Ping Mobile, a mobile marketing technology firm with offices in the US and Israel, where he focused on M&A transactions and Ping’s capital structure, along with business development and key partnerships. Previously, Marc was a senior executive at IDT Corporation (NYSE:IDT), a global consumer telecommunications and energy company. During most of his tenure at IDT, he was IDT’s International Managing Director, overseeing operations in Europe, Asia and Africa. Marc was responsible for all phases of IDT’s international strategy and businesses, including a major turnaround / restructuring of its pan-European business, and launching operations in Asia and Africa. Under his leadership, IDT expanded its technology footprint and businesses operations, and launched Toucan, a leading UK Consumer Phone Services operation, which was ultimately sold to Tiscali, a prominent Italian telecommunications company. Marc practiced law at a New York City law firm, focusing on real estate and corporate transactions. Marc received his BA in Political Science from Queens College and a Juris Doctor from the Benjamin N. Cardozo School of Law.
ABOUT KUZARI GROUP
Kuzari Group is a private investment and strategic development firm partnering to build businesses with flexible capital solutions across a variety of industries and situations. we are focused on investing in and developing small and unique businesses and projects which represent long-term value creation opportunities.