ETGA 2025: Acquisition-Led Growth, Tighter Equity Cushion
ETGA exits 2025 larger and strategically broader, but the step-up is leaning more on external funding and less on a growing equity cushion.
March 30, 2026
Logistics services, financing goods import&non-banking credit
ETGA exits 2025 larger and strategically broader, but the step-up is leaning more on external funding and less on a growing equity cushion.
Yachdav changes ETGA far beyond the first month of consolidation. The deal turns the group into a pro forma logistics platform with nearly NIS 896 million of revenue, but the economics also sit on goodwill, customer relationships, deferred consideration, and a heavier funding st…
ETGA's credit book looks better than a first skeptical read, but its strength rests on collateral values and the ability to roll short-dated bank funding, not only on borrower quality.