Peninsula LTD

Peninsula LTD
Type	Public
ISIN	🆔
Industry	financial services
Founded 📆
Founder 👔	Micah Lakin Avni Year: 2004
Headquarters 🏙️	Yehuda Halevi 48, Tel Aviv,Israel
Area served 🗺️
Key people	CEO and founder - Micah Lakin Avni, Deputy CEO - Eyal Lior, Chairman of the Board of Directors - Ilan Raviv
Products 📟	Commercial credit, 100+ Fund and Growth credit for small and medium-sized businesses
Members
Number of employees
🌐 Website	peninsula.co.il
📇 Address
📞 telephone
	;

Peninsula is an Israeli commercial finance company. It was established in 2004 by Micah Lakin Avni.

History[edit]

In November 2004, Peninsula was established as a private company by Micah Lakin Avni and a group of private investors. Shortly following, in 2008, Migdal Insurance Company Ltd. made an equity investment in Peninsula. In December 2014, Peninsula began trading on the Tel Aviv Stock Exchange. In August 2015, Meitav Dash Investment firm made an investment in the company.^[1]. Meitav Dash subsequently increased its holdings in the company and as of 2017 holds 55% of the company’s outstanding shares^[2]

In May 2017, Peninsula received a license from the Capital Market, Insurance and Savings Authority under the supervision of the financial services law of 2016. The total transactions of Peninsula in 2017 amounted to NIS 2.5 billion^[3]. The fund manages investments for growing businesses. Peninsula is rated "A" by Standard & Poor's Maalot.

Investment Fund of the Ministry of Economy[edit]

In December 2015, Peninsula won a bid by the Ministry of Economy for the establishment and management of private equity fund for investments in middle marketed Israeli businesses^[4]. The fund’s limited partners are the State of Israel, Meitav Dash Investment House, Altshuler Shaham, Ayalon Insurance Company Ltd. as well as provident funds and kibbutzim. The fund is managed by Zvi Ziv, former CEO of Bank Hapoalim, Uri Paz, former CEO of Bank of Jerusalem, Micah Lakin Avni, founder and CEO of Peninsula, and Eyal Lior, Deputy CEO.

The Peninsula Fund for 100+ Businesses[edit]

In August 2017, Peninsula established a second fund targeting Israeli businesses with an annual turnover of NIS 100 million to NIS 400 million^[5]. This fund provides clients with credit working capital purposes, investments in equipment, production lines, distribution lines and expansion via medium-range loans for one to three years and/of up to NIS 15 million.

Board of Directors and Management[edit]

As of 2018, Meitav Dash (5570) and Micah Lakin Avni (1670) are the controlling shareholders of Peninsula. Ilan Raviv, CEO of Meitav Dash Investments, serves as the Chairman of the company and Avner Stepak, one of the owners of Meitav Dash, serves as Director. The head office of Peninsula is located at the Peninsula Tower on 48 Yehuda Halevi Street, Tel Aviv. - CEO and founder of Peninsula: Micah Lakin Avni - Deputy CEO: Eyal Lior - Chairman of the Board of Directors: Ilan Raviv

External Links:[edit]

References[edit]

Peninsula ltd[edit]

This article "Peninsula (company)" is from Wikipedia. The list of its authors can be seen in its historical and/or the page Edithistory:Peninsula (company). Articles copied from Draft Namespace on Wikipedia could be seen on the Draft Namespace of Wikipedia and not main one.

[1] ttps://www.calcalist.co.il/markets/articles/0,7340,L-3666961,00.html

[2] ttps://www.globes.co.il/news/article.aspx?did=1001211705

[3] ttps://www.calcalist.co.il/markets/articles/0,7340,L-3713726,00.html

[4] ttps://www.themarker.com/markets/1.2811394

[5] ttps://www.themarker.com/markets/1.4346928

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