Connect with us

Hi, what are you looking for?

Jewish Business News


The Israeli suits maker Bagir raises $33 million in London IPO

The suits maker held its IPO on London’s AIM at a company value of $66 million.



Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at
Thank you.

Suits maker Bagir Group Ltd. raised $33 million at a company value of $66 million, after money, in its IPO on London’s Alternative Investment Market (AIM) on Friday. The successful IPO follows the cancellation of offerings by several companies, including Israel’s Matomy Media Group Inc.

Bagir, controlled by IshayDavidi’s FIMI Opportunity Funds and Zvika Barinboim’s SG Textile Ltd., issued 60% of its share capital. Following the IPO, FIMI’s stake fell to 20% and SG Textile’s stake fell to 15%.

Bagir suit

Bagir fell into a severe crisis several years ago, partly because of falling orders by British retailer Marks & Spencer. The company had a shareholders’ equity deficit and heavy debts to banks and its controlling shareholders. Under president and CEO Daniel Taragan and chairman Samuel Vlodinger, the company turned around in the past two years, resumed growth and a positive cash flow from operations.

The IPO proceeds gave Bagir a positive equity of $20 million, allowing it to pursue its growth plans. Trading in the share will begin on Tuesday.

Published by Globes [online], Israel business news – 



You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...


The Movie The Professional is what made Natalie Portman a Lolita.


After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.