Who we are
Owned by Access Industries. Clal Industries is one of Israel’s leading investment groups; it owns and manages a diversified portfolio that encompasses leading industrial, technology, biotech and retail companies. Clal Industries also operates in the real estate and energy sectors.
We endeavor to maximize return on capital over time, while actively pursuing relevant expansion opportunities in the local and global marketplace. In addition, we will continue to contribute substantial added value to portfolio companies. In order to achieve our goals, we will bring together the companies in our portfolio to form a more cohesive group, sharing business concepts and practices. Recognizing the vital role that human resources play in the achievement of business goals, we will continue to cultivate positive workplace environments; attract and retain the best personnel; empower, enrich and train management and staff to maximize their personal and professional development; and implement practices which will instill group identification, teamwork, loyalty and constant improvement.
Hands-on Involvement
Clal’s hands-on involvement in its portfolio companies is directed towards improving operations, increasing company and shareholder value, and strengthening each company’s position in its respective field. By leveraging its financial strengths and managerial resources, Clal adds value to its portfolio companies.
Opportunistic, yet Prudent
Clal adopts an opportunistic yet prudent business strategy. The company continually seeks and takes advantage of growth opportunities while carefully weighing the financial impact of its activities with a view to maximizing return.
What we do
The Company is engaged, directly and through its subsidiaries, in acquisitions, realizations, and the development of portfolio companies in various industries.
Activities
Clal’s activities are conducted through subsidiaries, jointly controlled entities, affiliates and other companies. The Company prioritizes activities which nurture and strengthen ties with existing and potential strategic partners in Israel, and looks favorably on activities which expand its operations, or those of its portfolio companies, internationally.
Investments
The Company continually assesses investment opportunities in leading companies and in its portfolio companies while seeking to increase value by realizing investments in due time. The investment strategy priority is to maximize return on investment in the long run by choosing investment opportunities which allow current and potential market leaders to continue to achieve stable, yet ambitious growth targets.
Business Approach
Clal is continually monitoring its portfolio – pruning, expanding or infusing capital as needed – to best align itself with the key industries in the Israeli market. It focuses on a limited number of strategic holdings upon which it can exert a significant influence. The Company’s strong financial base and experience allows for a rapid response to capital market dynamics and astute financial planning and execution, thus maximizing shareholder return. The company works as a dynamic entity bringing together its portfolio assets to create a unique network of business partners with a view to enhancing individual and group value. Extending its managerial and financial experience and its influence in the Israeli marketplace is integral to its role in its portfolio companies’ operations.
From left to right: Mr. Len Blavatnik -founder and Chairman of Access Group, Mr. Avi Fischer – Chairman and CEO of Clal Industries and Mr. Lincoln Benet – member of the Board of Directors of Claltech.
Our company’s vision
At Clal Industries we strive to maximize shareholders’ return on investment by focusing on holdings in the following industries: industrial industries, biotechnology, hi-tech and green energy.
Recognizing the vital role that human resources play in the achievement of business goals, we will continue to cultivate positive workplace environments; attract and retain the best personnel; empower, enrich and train management and staff to maximize their personal and professional development; and implement practices which will instill group identification, teamwork, loyalty and constant improvement.
Community Service
One of the notable corporate values embraced at Clal is giving to the community in Israel. The Company provides, and will continue to provide, support for a wide range of programs and centers that provide health, welfare, educational, environmental and cultural activities, primarily to the needy.
The Management
Board of Directors
- Avi Fischer Chairman & CEO
- Nufar Malovani, Adv. Deputy CEO, General Counsel and Head of Human Resources
- Menashe Sagiv CFO
- Daniel Shinar Head of Technology Investments, CEO ClalTech
- Gonen Bieber VP
- Alon Heller VP Finance
With almost thirty-five years of history in some of Israel’s largest transactions, Mr. Avi Fischer is one of the most experienced and well-known figures in Israel’s business world.
Following the acquisition of Clal Industries by Access in July 2012, Mr. Fischer was nominated as Chairman of the Board and CEO of Clal Industries.
Mr. Fischer serves also as Chairman of Nesher Cement Enterprises, Chairman of Clal Biotechnology and Chairman of ClalTech. In addition, Mr. Fischer serves as a director on the Board of Golf & Co (TASE).
Prior to his involvement in Clal Industries, Mr. Fischer was a co-founder of Fischer Behar Chen Well Orion & Co., one of Israel’s leading law firms.
Mr. Fischer is a Lieutenant Colonel (res.) in the armored corps of the IDF. Mr. Fischer earned his LLB from the Tel Aviv University and was a faculty member at the Tel Aviv University Law School from 1983 to 1989.
Mr. Fischer is involved in numerous philanthropic organizations. Among others, he serves as Chairman of “Matan – Investing in the Community”, President of “Adopt a Battalion”, member of the Board of Directors of The Israeli Democracy Institute, etc.
Ms. Malovani, Adv. serves as Deputy CEO and General Counsel of Clal Industries. She also serves as Head of Human Resources.
In addition, Ms. Malovani serves on board positions on behalf of the group at both public and private companies such as Golf & Co, CBI, and others. She is the former CEO of Clal Beverages and the former Chairwoman of the Board of Directors of Adika Style.
Ms. Malovani joined Clal in 2008 and today leads Clal’s legal activities and is responsible for the Group’s Merger & Acquisitions as well as legal aspects of new investments. In addition, she manages the communication with the legal departments of Clal’s portfolio companies and the parent company – Access Industries.
Prior to joining Clal, Ms. Malovani worked as a legal advisor at U Bank. Ms. Malovani also worked as a lawyer in the offices of Goldfarb, Levi, Eran & Partners.
Ms. Malovani was a commander in the Israel Defense Forces.
Ms. Malovani has a law degree (LLB) and a BA in Accounting from Tel Aviv University. She is a graduate of the Harvard Executive Program.
Mr. Sagiv is the CFO of Clal Industries and the CEO of Clal Real Estate.
He also serves on board positions on behalf of the group at both public and private companies such as Nesher Cement Enterprises.
Before his appointment as the Company’s CFO, Mr. Sagiv served as CFO of Africa Israel Investments, one of Israel’s largest business groups, which consists of both publicly-traded companies (Africa Israel Properties Ltd., Africa Israel Residences Ltd., Africa Israel Industries Ltd.) and privately-held firms (Danya-Cebus, Africa Israel Hotels, Derech Eretz, and others).
Prior to his appointment in Africa Israel, Mr. Sagiv served as the CFO of Israel Aerospace Industries (IAI). During his tenure, and for the first time in the company’s history, he led IAI’s successful NIS 1.5 billion marketable debt offering on the Tel Aviv Stock Exchange, including the preparation of the prospectus.
Mr. Sagiv served on board positions at IAI’s subsidiaries: Elta Systems, ISI and IAI International (COB).
Mr. Sagiv holds an MBA in Finance and a B.Sc. in Economics from Bar Ilan University.
Mr. Shinar leads Access and Claltech’s investments in Israel and is an active member of Access’s global tech team.
He serves as a director or an observer at both public and private companies on behalf of the group. These companies include market leaders in the technology, retail and industrial sectors for example: ironSource, Lightricks, Yotpo, Deezer, Gett and Bad Wolf. He previously served as a member or observer on the boards of Rocket Internet (FRA:RKET), Global Fashion Group (FRA: GFG), Lazada (up until its acquisition by Alibaba), ZooZ (sold to Naspers’ PayU), Dynamic Yield (sold to McDonald’s), LightCyber (sold to Palo Alto Networks), Modelity (sold to LPA), Tigo Energy, Golf and Co. (TASE: GOLF), Nesher and Jafora . Mr. Shinar is also a founding board member of the EISP 8200, the first and leading tech accelerator in Israel.
Before his appointment as CEO at ClalTech, Mr. Shinar was Vice President of strategy and business development at Clal Industries and led several of the company’s main strategic deals and processes.
Mr. Shinar received alumni status from Harvard Business School, where he completed the school’s Program for Leadership Development. He received a law degree (LLB, with honors) and an MBA from the Hebrew University of Jerusalem.
Mr. Gonen Bieber serves as Clal Industries’ VP.
In addition, Mr. Bieber is the Chairman of Golf & Co. He serves on board positions on behalf of the group in private companies.
Prior to his current position, Mr. Bieber served as Clal Industries VP Finance, Head of Finance and VP of IDB Development and Corporate Treasurer of ECI Telecom.
Mr. Bieber holds an MBA from Tel Aviv University, with a specialization in finance and accounting and a BA (magna cum laude) in Economics and Business Administration studies from Tel Aviv University.
Mr. Heller serves as VP Finance of Clal Industries.
In addition, Mr. Heller serves on board positions on behalf of the group at Private and public companies such as Plasto-Cargal.
Prior to his current position, Mr. Heller served as Head of Treasury & Financing of Clal Industries.
Until 2013, Mr. Heller served as the Treasurer of IDB Development, which was the leading holding company in Israel.
Mr. Heller holds extensive experience in managing large-scale debt positions, including debenture offerings, credit facilities, and capital raising.
Mr. Heller holds an MBA degree specializing in Finance and a BA degree in Economics and Computer Sciences, both from Ben Gurion University.
- Avi Fischer Chairman
- Alex Blavatnik Director
- Greggory Adamo Director
- Sigalia Heifetz Director
The Management
Avi Fischer
Chairman & CEO
With almost thirty-five years of history in some of Israel’s largest transactions, Mr. Avi Fischer is one of the most experienced and well-known figures in Israel’s business world.
Following the acquisition of Clal Industries by Access in July 2012, Mr. Fischer was nominated as Chairman of the Board and CEO of Clal Industries.
Mr. Fischer serves also as Chairman of Nesher Cement Enterprises, Chairman of Clal Biotechnology and Chairman of ClalTech. In addition, Mr. Fischer serves as a director on the Board of Golf & Co (TASE).
Prior to his involvement in Clal Industries, Mr. Fischer was a co-founder of Fischer Behar Chen Well Orion & Co., one of Israel’s leading law firms.
Mr. Fischer is a Lieutenant Colonel (res.) in the armored corps of the IDF. Mr. Fischer earned his LLB from the Tel Aviv University and was a faculty member at the Tel Aviv University Law School from 1983 to 1989.
Mr. Fischer is involved in numerous philanthropic organizations. Among others, he serves as Chairman of “Matan – Investing in the Community”, President of “Adopt a Battalion”, member of the Board of Directors of The Israeli Democracy Institute, etc.
Nufar Malovani, Adv.
Deputy CEO, General Counsel and Head of Human Resources
Ms. Malovani, Adv. serves as Deputy CEO and General Counsel of Clal Industries. She also serves as Head of Human Resources.
In addition, Ms. Malovani serves on board positions on behalf of the group at both public and private companies such as Golf & Co, CBI, and others. She is the former CEO of Clal Beverages and the former Chairwoman of the Board of Directors of Adika Style.
Ms. Malovani joined Clal in 2008 and today leads Clal’s legal activities and is responsible for the Group’s Merger & Acquisitions as well as legal aspects of new investments. In addition, she manages the communication with the legal departments of Clal’s portfolio companies and the parent company – Access Industries.
Prior to joining Clal, Ms. Malovani worked as a legal advisor at U Bank. Ms. Malovani also worked as a lawyer in the offices of Goldfarb, Levi, Eran & Partners.
Ms. Malovani was a commander in the Israel Defense Forces.
Ms. Malovani has a law degree (LLB) and a BA in Accounting from Tel Aviv University. She is a graduate of the Harvard Executive Program.
Menashe Sagiv
CFO
Mr. Sagiv is the CFO of Clal Industries and the CEO of Clal Real Estate.
He also serves on board positions on behalf of the group at both public and private companies such as Nesher Cement Enterprises.
Before his appointment as the Company’s CFO, Mr. Sagiv served as CFO of Africa Israel Investments, one of Israel’s largest business groups, which consists of both publicly-traded companies (Africa Israel Properties Ltd., Africa Israel Residences Ltd., Africa Israel Industries Ltd.) and privately-held firms (Danya-Cebus, Africa Israel Hotels, Derech Eretz, and others).
Prior to his appointment in Africa Israel, Mr. Sagiv served as the CFO of Israel Aerospace Industries (IAI). During his tenure, and for the first time in the company’s history, he led IAI’s successful NIS 1.5 billion marketable debt offering on the Tel Aviv Stock Exchange, including the preparation of the prospectus.
Mr. Sagiv served on board positions at IAI’s subsidiaries: Elta Systems, ISI and IAI International (COB).
Mr. Sagiv holds an MBA in Finance and a B.Sc. in Economics from Bar Ilan University.
Daniel Shinar
Head of Technology Investments, CEO ClalTech
Mr. Shinar leads Access and Claltech’s investments in Israel and is an active member of Access’s global tech team.
He serves as a director or an observer at both public and private companies on behalf of the group. These companies include market leaders in the technology, retail and industrial sectors for example: ironSource, Lightricks, Yotpo, Deezer, Gett and Bad Wolf. He previously served as a member or observer on the boards of Rocket Internet (FRA:RKET), Global Fashion Group (FRA: GFG), Lazada (up until its acquisition by Alibaba), ZooZ (sold to Naspers’ PayU), Dynamic Yield (sold to McDonald’s), LightCyber (sold to Palo Alto Networks), Modelity (sold to LPA), Tigo Energy, Golf and Co. (TASE: GOLF), Nesher and Jafora . Mr. Shinar is also a founding board member of the EISP 8200, the first and leading tech accelerator in Israel.
Before his appointment as CEO at ClalTech, Mr. Shinar was Vice President of strategy and business development at Clal Industries and led several of the company’s main strategic deals and processes.
Mr. Shinar received alumni status from Harvard Business School, where he completed the school’s Program for Leadership Development. He received a law degree (LLB, with honors) and an MBA from the Hebrew University of Jerusalem.
Gonen Bieber
VP
Mr. Gonen Bieber serves as Clal Industries’ VP.
In addition, Mr. Bieber is the Chairman of Golf & Co. He serves on board positions on behalf of the group in private companies.
Prior to his current position, Mr. Bieber served as Clal Industries VP Finance, Head of Finance and VP of IDB Development and Corporate Treasurer of ECI Telecom.
Mr. Bieber holds an MBA from Tel Aviv University, with a specialization in finance and accounting and a BA (magna cum laude) in Economics and Business Administration studies from Tel Aviv University.
Alon Heller
VP Finance
Mr. Heller serves as VP Finance of Clal Industries.
In addition, Mr. Heller serves on board positions on behalf of the group at Private and public companies such as Plasto-Cargal.
Prior to his current position, Mr. Heller served as Head of Treasury & Financing of Clal Industries.
Until 2013, Mr. Heller served as the Treasurer of IDB Development, which was the leading holding company in Israel.
Mr. Heller holds extensive experience in managing large-scale debt positions, including debenture offerings, credit facilities, and capital raising.
Mr. Heller holds an MBA degree specializing in Finance and a BA degree in Economics and Computer Sciences, both from Ben Gurion University.
Boards of Directors
- Avi Fischer Chairman
- Alex Blavatnik Director
- Greggory Adamo Director
- Sigalia Heifetz Director
Founded in 1986 by Len Blavatnik, an American entrepreneur and philanthropist. Access Industries is a privately held industrial group with long-term holdings throughout the world. Access Industries is headquartered in New York with additional offices in London and Moscow.
Access Industries’ investment focus spans seven sectors: Media and Telecommunication, Natural resources and Chemicals, Venture capital/ Technology, real Estate, Entertainment, Biotechnology and Endowment.
Among Access Industries’ principal holdings in the Natural Resources and Chemicals sectors are LyondellBasell Industries, an American multinational chemicals company, Calpine, the largest generator of electricity from natural gas and geothermal resources in the U.S.
In Media and Entertainment, Access Industries owns Warner Music Group, one of the world’s major music companies. It also has a majority stake in Amedia, Russia’s largest producer of television series. In addition, Access Industries owns a large majority stake in DAZN, the first global pure-sport live and on-demand streaming service.
Access Industries also owns significant real estate investments, including the Grand-Hôtel du Cap-Ferrat, a premier hotel property on 17 acres of landscaped gardens in the Côte d’Azur. In 2014 Access acquired the Ocean Club on Paradise Island in The Bahamas, a 36-acre beachfront site. Access Industries also has real estate investments in Argentina, where the Faena Group is currently developing the Faena Art District, a 300,000 square-meter construction space that began with the reconstruction of the El Porteño building, a century-old structure, and the creation of the Faena Hotel and Universe.
Access also invests in leading d technology operations. Among its key holdings are Digital Ocean, a cloud infrastructure provider. Access is also a major investor in Gett, a leading Ground Transportation Management (GTM) platform. In addition, Access owns a significant stake in Tory Burch LLC, a luxury lifestyle brand. Access’s other major holdings in the industry include Global Fashion Group, a leading fashion & lifestyle online retailer in emerging markets and Chime, a financial technology company which provides fee-free mobile banking services.