In the Press
Portfolio / Adi Zim
Age: 40
Position: CEO & Owner of Almost Free Warehouses
“Adi Zim: “We will take S.R. Accord Overseas”
Five years after Zim acquired the shelf entity of S.R. Accord for ILS 30 m., he signed a transaction to sell up to 20% to Apax Israel for ILS 130 m. For the fund, managed by Zehavit Cohen, this is the first investment in a public company.
On the backdrop of the Max Stock investigation: Zehavit Cohen increases exposure to Adi Zim’s financing businesses
AMI Fund, led by Cohen, which purchased 10% of S.R. Accord 18 months ago, announced that it would exercise an option to acquire an additional 4.5% of the non-bank credit company’s shares for ILS 33 million * Adi Zim will drop to 59% holding only.
Continues to expand: Adi Zim’s new real estate partnership bought 5 dunam in Tel Aviv for ILS 165 million
Zim and Bahari Real Estate’s joint group bought three lots in Tel Aviv, Rishon Lezion, and Lod for over ILS 220 million in recent months * The Group believes that after bettering the rights, the 5 dunam they acquired in Tel Aviv would be worth over half a billion shekels.
The Cultured Honey Developer Controlled by Adi Zim is Heading to MIT
The bio-honey company signed an agreement for sponsored research with MIT to develop cultured honey production tech. The development would allow honey production that is not harmful to bees and is free of any antibiotics, pesticides, and toxins, and also demand-based production independent of seasons, bloom, and climate changes.
Bee-less Honey Construction and Production Projects: Adi Zim’s New Investments
Zim is giving a loan to the Yaakobi Brothers project company, which might make him a partner of the company’s capital * Simultaneously, he is striding toward listing B-U Honey, a company that develops technologies for “cultured” honey production.
The statement season has started in Tel Aviv: S.R. Accord published good results
Net profit of ILS 17.2 million in Q3 * The company ended the first 9 months of the year with a 9% increase in financing revenues compared to the previous year, up to ILS 87.8 million.
Adi Zim stands tall: the competition shrunk their portfolio, S.R. Accord increased its own
The non-bank financing company recorded a 17.2% increase in Q1 revenues compared to the previous year; however, credit losses grew to ILS 4.09 million, accounting for 11.3% of the bottom line. Despite the crisis, the company increased its portfolio to a record ILS 718 million.
Adi Zim bought 20 dunam in Petah Tikva for ILS 40 million
The area is located in the city’s Bellinson neighborhood, allowing construction of up to 22 semi-detached houses, each on a 700 sqm. lot
Adi Zim exploited a 200% stock price surge and found ILS 87 million
The shares of non-bank credit company S.R. Accord, controlled by Zim, soared by 196% in 2019, and by an additional 29% this month, reaching a market cap of ILS 889 million, aligning with the Nawi Brothers – whose credit portfolio is almost 4 times larger.
How did the Zim brothers evolve from a local bodega to ILS 420 million in capital?
“I always loved commerce and I knew I will succeed, says Adi Zim. The bodega he started when he was 15 led to an exit event of ILS 350 million for the Almost Free Warehouses chain.
Is this the time to buy? After a 180% surge: Adi Zim will sell 125 million worth of S.R. Accord shares to Zehavit Cohen.
The growing check discounting company, S.R. Accord, reported that Zim, which holds 84.4% of its shares, reached understandings with Apax’s AMI fund in which the latter will acquire up to 20% of the copmany’s shares * The investment fund has yet to record an exit in its investments and has seen significant failure in the Schultz Catering Company.