We are proud to be advising Nofar Energy on a strategic transaction for the acquisition of a 47.5% interest in the “Reindeer” power plant for approximately NIS 855 million, reflecting a company valuation of NIS 1.8 billion, from the Phoenix Group and additional private investors. As part of the transaction, Nofar will also acquire a 35% interest in an adjacent energy project that may in the future be used to develop an additional power plant, an energy storage facility or a data center.
“Reindeer” is a natural gas-fired power plant with a planned capacity of approximately 900 MW, located in the southern Sharon region and currently in the development and permitting stages.
The transaction was led by Micki Shapira, Moshe Pasker and Noa Meidan, with the assistance of Sivan Rozenblat-Savransky, Ron Tzin, Nava Karavany, Ayal Hacohen, Shai Bakal, Hadar Shamir and Ariel Shalovitz.
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