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Holding Company
AUTOMOTIVE & TRANSPORTATION
shlomo.co.il

Investments

4

Partners & Customers

1

About Shlomo Group

Shlomo Group is a holding group and service company in Israel. It is an automotive group that manages a portfolio of subsidiary companies in the fields of automotive, insurance, finance, electro-mechanical engineering, automation technologies and systems for retail and communication, real estate, port management, ship building, large scale metal works, warehousing and logistics.

Headquarters Location

Kiryat Shlomo

Nir Tzvi, 7290500,

Israel

(+972) 8-9191421/1199

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Latest Shlomo Group News

Talma Shlomo buys travel-tech co Arbitrip

Aug 2, 2022

Talma Shlomo buys travel-tech co Arbitrip Arbitrip founders Credit: Arbitrip Teddy Sagi is selling his 51% stake in Arbitrip to Talma Shlomo over the next two years at a company valuation of $40 million. Israeli travel solutions company Talma Shlomo has acquired a 51% stake in business hotel booking platform Arbitrip from Teddy Sagi Group and other investors. Under the terms of the deal, Talma Shlomo will gradually increase its stake in the company from shareholders to 75%. Teddy Sagi invested $4 million in the company for a 50% stake in 2018. Talma Shlomo will immediately receive 25% of Sagi's shares and about 26% from other investors. In the first stage Talma Shlomo will hold a 51% stake. In the second stage Talma Shlomo will receive the rest of Sagi's shares. At the end of the process, Arbitrip's valuation is expected to reach $40 million. Arbitrip has developed a platform for booking hotel rooms for business trips using algorithms that save companies time, effort, and money. The company’s platform rapidly locates appropriate hotel rooms at the best value prices as well as according to other needs such as the hotel’s location, and the travel destination, such as conferences. The platform can save organizations a significant part of business travel expenses by offering special wholesale prices and central enterprise management capabilities on one interface that provides a friendly user experience. At the same time, the platform monitors the systems of many suppliers and provides tracking of expenses, sets a travel policy, and manages payments and invoices to enterprise standards. The controlling owners of Talma Shlomo are Erez Shmol, Shlomo Group, the Naftali family (Big Shopping Centers and More Investment House. Talma Shlomo has a dominant position in the business tourism sector and plans integrating Arbitrip into the business trips it books for its customers. Arbitrip's founders are Benny Yonovich (CEO) and Orel Jossef (CTO), graduates of the IDF Intelligence Corps, who met during their military service. Arbitrip has raised $4.5 million since it was founded in 2015, with most of the capital raised from Teddy Sagi. Arbitrip has 15 employees and provides services to 850 business customers worldwide. After the deal is completed Arbitrip will continue to operate as an independent brand. Shmol said that the negotiations with Sagi began when he invested in the startup in 2018. "Over the years, we understood that this was a win-win situation for both sides." Talma Shlomo invests in travel-tech and has holdings in flight booking company Alice and other companies and in April 2022, completed the acquisition of the British company Norad Travel Group, which specializes in business tourism. The company is currently holding advanced negotiations to acquire a company in the US. RELATED ARTICLES

Shlomo Group Investments

4 Investments

Shlomo Group has made 4 investments. Their latest investment was in Hailo as part of their Series C on October 10, 2021.

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Shlomo Group Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

10/12/2021

Series C

Hailo

$136M

Yes

22

4/28/2021

Series C

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$99M

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10

1/28/2021

Corporate Minority

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$99M

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10

1/8/2020

Corporate Minority

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$99M

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10

Date

10/12/2021

4/28/2021

1/28/2021

1/8/2020

Round

Series C

Series C

Corporate Minority

Corporate Minority

Company

Hailo

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Amount

$136M

$99M

$99M

$99M

New?

Yes

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Co-Investors

Sources

22

10

10

10

Shlomo Group Acquisitions

1 Acquisition

Shlomo Group acquired 1 company. Their latest acquisition was Arbitrip on August 02, 2022.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

8/2/2022

Seed / Angel

$99M

$4M

Corporate Majority

1

Date

8/2/2022

Investment Stage

Seed / Angel

Companies

Valuation

$99M

Total Funding

$4M

Note

Corporate Majority

Sources

1

Shlomo Group Partners & Customers

1 Partners and customers

Shlomo Group has 1 strategic partners and customers. Shlomo Group recently partnered with Aspen Group on January 1, 2020.

Date

Type

Business Partner

Country

News Snippet

Sources

1/8/2020

Partner

Israel

Aspen Group, Altshuler Shaham and Shlomo Insurance in a joint venture to purchasing two commercial real estate properties in the Netherlands

Gornitzky represented Shlomo Insurance in connection with a joint venture with Aspen Group and Altshuler Shaham for purchasing two commercial real estate properties in the Netherlands in an aggregate amount of EUR 58.8 million .

1

Date

1/8/2020

Type

Partner

Business Partner

Country

Israel

News Snippet

Aspen Group, Altshuler Shaham and Shlomo Insurance in a joint venture to purchasing two commercial real estate properties in the Netherlands

Gornitzky represented Shlomo Insurance in connection with a joint venture with Aspen Group and Altshuler Shaham for purchasing two commercial real estate properties in the Netherlands in an aggregate amount of EUR 58.8 million .

Sources

1

Shlomo Group Team

1 Team Member

Shlomo Group has 1 team member, including former Chief Executive Officer, Guy Mordoch.

Name

Work History

Title

Status

Guy Mordoch

Chief Executive Officer

Former

Name

Guy Mordoch

Work History

Title

Chief Executive Officer

Status

Former

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