VAR Management is a veteran Special Situation Merchant Bank founded in 2001 with diverse capabilities of investments, restructurings, turnarounds, special M&A’s & monetization.
In its 17 years of operations, VAR has been involved in over 200 companies – public and private from different sectors & geographies including EU, Israel, the US and others with aggregate assets, liabilities and revenues of $B’s.
VAR cooperated and worked with banks, financial institutions (pension funds, insurance companies and alike), global asset managers, Company management (including Fortune 500) and others.
With its highly experienced and senior team (sourcing, analysis, legal, structuring, operating, monetizing) and partners, VAR is a creative deal player with operational capabilities and can hence works in NPL & distressed debt, private equity transactions, refinancing and assets acquisitions.
VAR was involved in different cases, from small to multi $B’s in sectors such as Real Estate, Holding, Technology, Industrial, Commercial and other sectors.
The company was founded by Mr. Kfir, CPA (Isr.)
Mr. Kfir has served as Chairman, Board member, Interim CEO, CFO, Advisor and Court-Appointed Officer of various companies.
Among his previous roles, Mr. Kfir served as Chairman of Plaza Centers NV (AIM) and GlobusMax as well as a Board member in Elbit Imaging (Nasdaq), Elbit Medical (TASE), Orkit Communications (TASE) and Conduit. He also served as a member of audit committees in several public companies.
In addition, Yoav served as the sole bond holders committee member in IDB Development (TASE) and a member of the bond holders committees in the restructuring processes of Africa Israel Group (TASE) and Elbit Imaging (Nasdaq) on behalf of Davidson Kempner, a $28B US fund.
Yoav also served as a court appointed Trustee to Alvarion (Nasdaq), Eshbal (Priority) and others as well as a Court-Appointed Expert to Sunny Electronics (TASE), Kaman (TASE), Petro Group (TASE) and others.
Mr. Kfir has been a featured speaker in different conferences- in Israel and other locations and is mentioned in the economic press on various issues relating to Special Situations.
Prior to founding VAR GROUP, Mr. Kfir managed audit projects as well as business development at PwC Israel.
Mr. Kfir serves as chairman of the Jerusalem Mental Hospitals’s Friends Society and on several audit committees of non-profit organizations.
Mr. Kfir holds a B.A in Business Administration and is a Certified Public Accountant.