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Over the last 10 years AOL has invested well over half a billion dollars in Israel. In recognition, it was awarded the Jubilee Award in 1998 by the Israeli Prime Minister.
Products & Affiliated Companies:
US:
Jonny Rockets Group
- restaurant chain (100 units around us), aquired in 1995 - $35million
Protection One
(the second largest company providing residential monitoring alarm services in the US) , 20% ownership
Sunglass Hut
(Nasdaq: RAYS) is an exciting, mall-based specialty retail concept selling a variety of fashion eyewear (2000 stores in US, Canada,Europe, Australia, Singapore and caribbean)
Greenbacks
Greenbacks is a chain of value-driven retail variety stores that sell a broad assortment of items at the dollar price point.
UK:
Merlin Entertainment Group
- visitor attractions: Sea Life centres and dungeons
Stead & Simpson Group
- footwear retailing
Brands Hatch Leisure Holdings
- owns & operates motor racing circuits
EasyEverything Limited
- A chain of megastore-sized internet cafes
Research Findings:
In year 2000, apax invested $100 million in to Israel with a plan to invest an additional 600 million over the next three years. [1]
In 1998 Mr Cohen, Chairman of Apax Partners & Co. Ltd, received the Jubilee Award by the Israeli Prime Minister Netanyahu. This is the highest tribute ever awarded by the "State of Israel" in recognition of those individuals and organizations, that through their investments and trade relationships, have done the most to strengthen the Israeli economy. [3]
Apax is a substantial investor of institutional venture capital in "Israeli" growth companies. According to Virtual Israel "The State of Israel recognizes the recipient as one of the visionaries who have done the most to facilitate Israel's integration into the global economy and to realize its world-class business potential."
Additional Information & References:
[1] Jerusalem Post Nov 14 2000:
http://www.jpost.com/Editions/2000/11/14/Business/Business.15442.html
Allan Barkat, managing director of Apax Europe (Israel) told The Jerusalem Post.
"Over the last six months, Apax Partners has invested
$100m. - $25m. from the Apax Israel fund, and the
rest from other Apax funds - in 10 Israeli companies,
including Compugen, OnePath, and Kamoon," he said.
"I don't think any other fund, local or international, can
make this claim for the period from May until now.
Certainly, no other fund has as strong a commitment to
Israel as Apax.".
Apax also announced that it plans to invest $600 million in
Israeli companies over the next three years.
[2] Apax is one of the largest private international venture capital
companies in the world with 330 companies in their portfolio.
(known as Patricof & Co. Ventures in the US), for a current list of companies:
www.apax.com
[3] Friends of Al-Aqsa
http://www.aqsa.org.uk/flyers/boycott.html
[source for Jubilee List - Islamic Human Rights Commision]
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