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Ellomay Capital (NYSE American: ELLO), a renewable energy developer, announced a private placement of 926,000 ordinary shares to Israeli institutional and classified investors. The placement price is set at NIS 54 (approximately $16.3) per share, with expected gross proceeds of NIS 50 million.
Notably, Menora Mivtachim Holdings Ltd., a major Israeli institutional investor, will become an interested party with approximately 6% ownership in Ellomay through this placement. The transaction, subject to regulatory approvals, is expected to close in July 2025. The company plans to use the proceeds for general corporate purposes.
Ellomay Capital (NYSE American: ELLO), sviluppatore di energie rinnovabili, ha annunciato un collocamento privato di 926.000 azioni ordinarie rivolto a investitori istituzionali e qualificati israeliani. Il prezzo di collocamento è fissato a 54 NIS (circa 16,3 dollari) per azione, con un ricavo lordo previsto di 50 milioni di NIS.
In particolare, Menora Mivtachim Holdings Ltd., importante investitore istituzionale israeliano, diventerà un soggetto interessato con una partecipazione di circa il 6% del capitale di Ellomay attraverso questo collocamento. L’operazione, soggetta alle approvazioni regolamentari, dovrebbe concludersi entro luglio 2025. La società intende utilizzare i proventi per scopi societari generali.
Ellomay Capital (NYSE American: ELLO), desarrollador de energía renovable, anunció una colocación privada de 926,000 acciones ordinarias dirigida a inversores institucionales y calificados israelíes. El precio de colocación se estableció en 54 NIS (aproximadamente 16,3 dólares) por acción, con ingresos brutos esperados de 50 millones de NIS.
Destaca que Menora Mivtachim Holdings Ltd., un importante inversor institucional israelí, se convertirá en parte interesada con aproximadamente un 6% de participación en Ellomay mediante esta colocación. La transacción, sujeta a aprobaciones regulatorias, se espera que cierre en julio de 2025. La compañía planea usar los fondos para propósitos corporativos generales.
Ellomay Capital (NYSE American: ELLO)는 재생 에너지 개발업체로서, 이스라엘 기관 및 지정 투자자들을 대상으로 926,000 보통주의 사모 발행을 발표했습니다. 발행 가격은 주당 54 NIS(약 16.3 달러)로 책정되었으며, 총 예상 조달금액은 5,000만 NIS입니다.
특히, 주요 이스라엘 기관 투자자인 Menora Mivtachim Holdings Ltd.가 이번 발행을 통해 Ellomay 지분 약 6%를 보유한 이해관계자로 참여하게 됩니다. 본 거래는 규제 승인 조건을 거쳐 2025년 7월에 완료될 예정입니다. 회사는 조달 자금을 일반 법인 목적에 사용할 계획입니다.
Ellomay Capital (NYSE American : ELLO), développeur d’énergie renouvelable, a annoncé un placement privé de 926 000 actions ordinaires destiné à des investisseurs institutionnels et qualifiés israéliens. Le prix de placement est fixé à 54 NIS (environ 16,3 dollars) par action, avec un produit brut attendu de 50 millions de NIS.
Notamment, Menora Mivtachim Holdings Ltd., un important investisseur institutionnel israélien, deviendra une partie intéressée avec une participation d’environ 6 % dans Ellomay grâce à ce placement. La transaction, soumise aux approbations réglementaires, devrait se clôturer en juillet 2025. La société prévoit d’utiliser les fonds pour des besoins généraux d’entreprise.
Ellomay Capital (NYSE American: ELLO), ein Entwickler erneuerbarer Energien, gab eine Privatplatzierung von 926.000 Stammaktien an israelische institutionelle und qualifizierte Investoren bekannt. Der Platzierungspreis wurde auf 54 NIS (ca. 16,3 USD) pro Aktie festgelegt, mit erwarteten Bruttoerlösen von 50 Millionen NIS.
Bemerkenswert ist, dass Menora Mivtachim Holdings Ltd., ein bedeutender israelischer institutioneller Investor, durch diese Platzierung mit etwa 6 % Anteil an Ellomay zum interessierten Beteiligten wird. Die Transaktion steht unter dem Vorbehalt behördlicher Genehmigungen und soll im Juli 2025 abgeschlossen werden. Das Unternehmen plant, die Erlöse für allgemeine Unternehmenszwecke zu verwenden.
Positive
- Expected gross proceeds of NIS 50 million to strengthen corporate finances
- Strategic investment from major Israeli institutional investor Menora Mivtachim
- Private placement price represents minimal discount to market price
Negative
- Dilution of existing shareholders’ ownership
- Shares offered at discount to recent trading prices (NIS 54 vs NIS 58.53)
- Limited to Israeli investors, excluding U.S. persons from participation
Insights
Ellomay’s NIS 50M private placement provides capital at a 7.7% discount while bringing aboard a major Israeli institutional investor.
Ellomay Capital’s private placement of 926,000 ordinary shares to Israeli institutional investors will generate approximately NIS 50 million (about $15.1 million) in gross proceeds, bolstering the company’s balance sheet. The pricing at NIS 54 per share represents a 7.7% discount to the July 9 closing price of NIS 58.53, a reasonable discount for a transaction of this nature.
The placement’s most significant outcome is the introduction of an affiliate of Menora Mivtachim Holdings Ltd., one of Israel’s largest institutional investors, as a new interested party holding approximately 6% of outstanding shares. This institutional backing provides an implicit vote of confidence in Ellomay’s business model and growth prospects within the renewable energy sector.
While the company stated the funds will be used for “general corporate purposes” without specifying particular projects, this capital injection enhances Ellomay’s financial flexibility to pursue opportunities across its operations in Europe, USA and Israel. For a renewable energy developer, having ready access to capital is crucial for project development and expansion.
The transaction is expected to close in July 2025 pending regulatory approvals. The private placement structure limits potential share dilution while efficiently raising capital without the complexity and expense of a public offering. This financing approach aligns with Ellomay’s needs as a developer in the capital-intensive renewable energy sector.
07/14/2025 – 02:15 AM
Tel Aviv, Israel – Ellomay Capital Ltd. (NYSE American; TASE: ELLO), a player in renewable energy and power generation across Europe, the U.S., and Israel, has secured commitments for a private placement of 926,000 ordinary shares, the company announced today. The move, targeting Israeli institutional and classified investors, is expected to generate gross proceeds of approximately NIS 50 million, pricing each share at NIS 54 (roughly $16.3 USD). This strategic financial maneuver is poised to inject fresh capital into Ellomay’s operations, enhancing its capacity for future growth and project development.
The transaction also marks a significant shift in Ellomay’s shareholder structure, with Menora Mivtachim Holdings Ltd., a prominent Israeli institutional investor, set to become an interested party, acquiring approximately 6% of the company’s outstanding shares. This development represents a crucial vote of confidence in Ellomay’s strategic vision and project pipeline, further validating its position in the renewable energy landscape.
According to Ellomay, the net proceeds from the offering will be channeled towards general corporate purposes, providing the company with increased financial flexibility to capitalize on emerging opportunities across its international portfolio. The timing coincides with Ellomay’s ongoing expansion efforts within key markets, indicating a proactive approach to scaling its renewable energy footprint.
The private placement, which is subject to customary regulatory approvals, is anticipated to close in July 2025. Market watchers note the placement price reflects a minor discount compared to recent trading prices on the Tel Aviv Stock Exchange, closing at NIS 56.88 on July 8th and NIS 58.53 on July 9th. While the deal is exclusively available to Israeli investors, analysts suggest that the infusion of capital and the arrival of a major institutional stakeholder could positively influence Ellomay’s market performance in the long run. The offering was not made to U.S. persons, and the shares will not be registered under the U.S. Securities Act of 1933.
About Ellomay Capital Ltd.
Ellomay Capital Ltd. (NYSE American: ELLO; TASE: ELLO) is an Israeli-based company that strategically invests in the renewable energy and power sectors across Europe, USA, and Israel. With a diverse portfolio of assets, Ellomay focuses on identifying and developing opportunities in the clean energy and natural resources industries. Its holdings include a portfolio of operating solar power plants, a significant indirect interest in one of Israel’s largest private power plants, anaerobic digestion plants producing green gas in the Netherlands, and a pumped storage hydro power plant under development in Israel, amongst other renewable energy assets.
For more information about Ellomay, visit http://www.ellomay.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties, and actual results could differ materially from those expressed or implied. Key risk factors include regulatory approvals, fluctuating electricity prices, geopolitical factors such as the war in Israel and Gaza and between Israel and Iran, and market conditions in the countries where Ellomay operates. The company undertakes no obligation to update any forward-looking statements.
FAQ
What is the size and price of Ellomay Capital’s (ELLO) private placement announced in July 2025?
Ellomay Capital announced a private placement of 926,000 ordinary shares at NIS 54 (approximately $16.3) per share, with expected gross proceeds of NIS 50 million.
Who are the investors in ELLO’s July 2025 private placement?
The private placement is being made to Israeli institutional and classified investors, with Menora Mivtachim Holdings Ltd. becoming a significant investor with approximately 6% ownership in the company.
How will Ellomay Capital use the proceeds from the July 2025 private placement?
Ellomay Capital intends to use the net proceeds from the private placement for general corporate purposes.
When is the expected closing date for ELLO’s private placement?
The private placement is expected to close in July 2025, subject to receipt of regulatory approvals.
What is the discount of ELLO’s private placement compared to market price?
The placement price of NIS 54 represents a discount compared to the Tel Aviv Stock Exchange closing prices of NIS 56.88 on July 8 and NIS 58.53 on July 9, 2025.
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