Shapir Engineering Expands Its Stake in “Ad 120,” Valued at NIS 1.9B

27 November, 2025


Arnon, Tadmor-Levy advised Shapir Engineering and Shapir Living on the acquisition of an additional 15% interest in “Ad 120,” a nationwide senior-living company, based on a valuation of NIS 1.9 billion. Upon completion of the transaction, Shapir now holds 68% of the company.

The NIS 280 million consideration was executed through bond issuances together with a future payment mechanism providing flexibility between cash or equity.

We thank the deal team for their professional execution: David Schapiro, Vered Glaubach, Eliran Furman, Shiri Shaham, Or Perel, Ofir Levy, and Ofir Paz.

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