Shlomo Group (car and credit unit) Valuation, Funding & Investors

Shlomo Group (car and credit unit) is valued at $1B as of September 2023.

Last Shlomo Group (car and credit unit) valuation

$1B

Undisclosed stage · Sep 2023

Last Shlomo Group (car and credit unit) funding round

$149M

Undisclosed stage · Sep 2023

Cumulative funding Shlomo Group (car and credit unit) raised

$149M

across 1 funding round

Key investors in Shlomo Group (car and credit unit)

  • Affinity Partners

Shlomo Group (car and credit unit) Overview

About Shlomo Group (car and credit unit)

Shlomo Group Car and Credit Unit is a Tel Aviv-headquartered provider of vehicle leasing, fleet management, automotive financing, insurance products, and credit services operating across Israel.


Founded

2020

HQ

IsraelNir Tzvi

Status

Privately held

Customer focus

B2B & B2C

Revenue model

Subscription

Valuation

$1B (Sep 2023)

Shlomo Group (car and credit unit) Valuation

Shlomo Group (car and credit unit) is currently valued at $1B, based on its undisclosed-stage round in September 2023.

The $149M round was led by Affinity Partners.

Shlomo Group (car and credit unit) valuation by funding round

Shlomo Group (car and credit unit) valuation by funding round
DateStageValuation
Sep 2023Undisclosed stage$1B

Shlomo Group (car and credit unit) Funding History

Shlomo Group (car and credit unit) has raised a total of $149M across 1 funding round.

Shlomo Group (car and credit unit) funding rounds

Shlomo Group (car and credit unit) funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Sep 2023Undisclosed stageAffinity Partners (lead)$149M$1BAffinity Partners, the Miami-based private equity firm founded by Jared Kushner and backed by Saudi Arabia's sovereign wealth fund, completed its first Israeli investment in September 2023 by acquiring a 15% stake in Shlomo Group's automotive and credit division. The investment agreement established a new subsidiary consolidating Shlomo Holdings' car leasing, car rentals, sales, and credit businesses with an equity valuation of approximately $1 billion (NIS 3.8 billion at signing). Affinity Partners allocated $150 million for the stake acquisition, with the company retaining the right to seek regulatory approval within 12 months to hold over 10% of Credit Path, Shlomo's non-bank credit subsidiary. Shlomo Group, founded in 1974, operates a fleet of over 78,000 vehicles in Israel and holds approximately 30% market share in the automotive industry. The family-owned business, controlled by the Shmeltzer family, also operates subsidiaries across insurance, finance, infrastructure, construction, shipping, logistics, and real estate, with operations in Israel, Romania, and Germany. Following the investment, Shlomo Holdings withdrew its planned IPO on the Tel Aviv Stock Exchange that had targeted a valuation above NIS 4 billion, citing market volatility and geopolitical tensions.

Who has invested in Shlomo Group (car and credit unit)?

1 investor has backed Shlomo Group (car and credit unit) across its funding rounds, including Affinity Partners.

Lead investors include Affinity Partners.


Shlomo Group (car and credit unit) Investors

Investors in Shlomo Group (car and credit unit) by funding rounds participated
InvestorHQRoundsRoleFirst check

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Acquisitions by Shlomo Group (car and credit unit)

Shlomo Group (car and credit unit) has acquired 1 company to date.

Last acquisition by Shlomo Group (car and credit unit) was on August 2nd 2022. Shlomo Group (car and credit unit) acquired Arbitrip for $40M.


Latest Acquisitions by Shlomo Group (car and credit unit)

Arbitrip
Description
Arbitrip is an enterprise travel management platform that optimizes corporate bookings for cost savings. Its AI analyzes spending patterns to enforce policies and negotiate rates with airlines and hotels. Headquartered in Gurgaon, India, the company founded in 2015 serves over 200 enterprises across Asia-Pacific, cutting travel expenses through integrations with global distribution systems like Amadeus. Arbitrip tracks expenses in real-time via mobile apps connected to Visa and Mastercard networks.
HQ CountryIsrael
HQ City
Tel Aviv
Deal Date2 Aug 2022
Valuation$40M
EV/Revenue
EV/EBITDA

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Shlomo Group (car and credit unit) Competitors

Shlomo Group (car and credit unit) competitors include listed companies like Ali Alghanim & Sons Group, New Vision Electronics and JK Tyre & Industries, and private ones like Essex Furukawa, Huasheng Haoche and Koenigsegg Automotibe.

Public and private companies comparable to Shlomo Group (car and credit unit)
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Ali Alghanim & Sons GroupKuwaitKuwaitPublicly listed$965M$164M$1.2B-
Essex FurukawaUnited StatesAtlanta, GAPrivate-$300M$1B-
Huasheng HaocheChinaBeijingPrivate--$1B-
Koenigsegg AutomotibeSwedenHelsingborgPrivate$83M-$1B12.0x
New Vision ElectronicsChinaChinaPublicly listed$99M($94M)$955M-
JK Tyre & IndustriesIndiaIndiaPublicly listed$1.7B$197M$1B0.8x

Shlomo Group (car and credit unit) Public Comps

Shlomo Group (car and credit unit) is still privately-owned, but its public comps include New Vision Electronics, ASTA Energy Solutions, JK Tyre & Industries, Supply Network, Auto Partner, Douglas Dynamics, ARB Corp, Motus Holdings, Autoneum Holding and MAHLE Metal Leve.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
New Vision Electronics$99M($94M)9.5x-(10.0x)-
ASTA Energy Solutions$815M$57M1.1x1.0x15.8x13.2x
JK Tyre & Industries$1.7B$197M0.9x0.8x7.7x8.0x
Supply Network$287M$58M3.8x3.6x18.7x18.0x
Auto Partner$1.2B$89M1.0x0.9x13.2x10.5x
Douglas Dynamics$656M$89M1.8x1.6x13.6x10.2x
ARB Corp$499M$114M2.2x2.2x9.6x9.7x
Motus Holdings$7B$506M0.3x0.3x4.8x4.7x

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Common questions about Shlomo Group (car and credit unit)

When was Shlomo Group (car and credit unit) founded?Shlomo Group (car and credit unit) was founded in 2020.
Where is Shlomo Group (car and credit unit) headquartered?Shlomo Group (car and credit unit) is headquartered in Nir Tzvi, Israel.
Is Shlomo Group (car and credit unit) publicly listed?No, Shlomo Group (car and credit unit) is a private, VC-backed company.
What is Shlomo Group (car and credit unit)'s valuation?Shlomo Group (car and credit unit) was last valued at $1B in its undisclosed-stage round in September 2023.
How much funding has Shlomo Group (car and credit unit) raised?Shlomo Group (car and credit unit) has raised $149M across 1 funding round.
What was Shlomo Group (car and credit unit)'s last funding round?Shlomo Group (car and credit unit)'s last funding round was a $149M undisclosed-stage round in September 2023, led by Affinity Partners.
Who are Shlomo Group (car and credit unit)'s investors?Shlomo Group (car and credit unit)'s investors include Affinity Partners.
Which companies are comparable to Shlomo Group (car and credit unit)?Companies comparable to Shlomo Group (car and credit unit) include Ali Alghanim & Sons Group, Essex Furukawa, Huasheng Haoche, Koenigsegg Automotibe, New Vision Electronics and JK Tyre & Industries.
How many companies has Shlomo Group (car and credit unit) acquired?Shlomo Group (car and credit unit) has acquired 1 company, including Arbitrip.
What was the largest acquisition by Shlomo Group (car and credit unit)?The $40M acquisition of Arbitrip in August 2022 is the largest acquisition Shlomo Group (car and credit unit) has made to date.

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