Dapei Zahav Ltd. (Golden Pages) is continuing its acquisitions campaign under its new owners. The company has acquired 80% of Mitchatnim (“getting married”) at a company value of NIS 20 million. Sources inform ''Globes'' that the company has also acquired 50.1% of tourism services portal Weekend for several million shekels.
These are the first two acquisitions by Dapei Zahav since Babcock & Brown Capital Ltd. (ASX: BNB) of Australia acquired full ownership of the company from Markstone Capital Partners Group LLC (which previously owned 75% of the company) and a group of Israeli institutional investors for $123 million two months ago.
Mitchatnim publishes a wedding catalogue, and its owner and CEO, Bentzi Gispan, will continue to own 20% of the website and run it. Gispan founded the company in 1994 and established the website in 2000. The portal provides wedding services and advice, a members club, and innovative IP television channel.
Weekend was founded in 1998. The website provides information about tourism services, including bed & breakfasts, spas, tourist attractions, and so on.
Published by Globes [online], Israel business news - www.globes.co.il - on September 5, 2007
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