Arieli EL Acquires 59.14% Stake in Elron Ventures
September 4, 2024
Arieli EL, part of the Arieli family office, has completed a $53.2 million acquisition of a 59.14% controlling stake in Elron Ventures from Discount Investment Corporation Ltd. The deal gives Arieli EL control of Elron — a Tel Aviv–based venture/holding company with over $250 million AUM and a portfolio of cybersecurity, B2B software and health-tech companies — and includes Elron’s 50% interest in Rafael Development Corporation, a JV with Rafael Advanced Defense Systems.
- Buyers
- Arieli EL
- Targets
- Elron Ventures
- Sellers
- Discount Investment Corporation Ltd.
- Industry
- Financial Services
- Location
- Tel Aviv District, Israel
- Transaction Type
- Buyout
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