Global Knafaim Leasing Welcomes Shlomo Group as a Strategic Partner

Global Knafaim Leasing announced that Shlomo Group, headed by Asi Shmeltzer, has joined the company as a strategic partner. Under the deal, Shlomo Group invested approximately $40.4 million in Global Knafaim in exchange for about 40.1% of the company’s shares. The investment reflected a pre-money valuation of approximately $60.3 million for Global Knafaim.

With the deal complete, Global Knafaim is jointly controlled by Knafaim Holdings, controlled by Tamar Mozes Borovitz, and Shlomo Group. The two partners hold similar stakes in the company. The parties signed a shareholders’ agreement that sets out the joint control and gives both sides equal representation on the board of directors. Nimrod Borovitz continues to serve as Chairman of the Board, so the company’s leadership remains unchanged.

Global Knafaim operates in the international aircraft leasing market. The sector relies on long-term contracts and calls for careful risk management. The additional capital and the partnership with Shlomo Group allow the company to expand its aircraft fleet and grow its operations in more markets around the world.

Tamar Mozes Borovitz said the partnership reflects confidence in Global Knafaim’s activity. Asi Shmeltzer said that for Shlomo Group, this is a strategic investment that fits well with the group’s core businesses.