Ilan Ben-Dov

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Ilan Ben-Dov
Born (1957-01-16) January 16, 1957 (age 67)
Tel Aviv, Israel
Residence Tel Aviv, Israel
Nationality Israel
Other names Hebrew: אילן בן דב
Occupation businessman
Spouse(s) 1983 ~ 2002 Shirly Ben Dov 2008 ~ present Keren Michaeli
Children 3 from first marriage; 2 from second

Ilan Ben-Dov (Hebrew: אילן בן דב‎) (born 16 January 1957 in Tel Aviv, Israel) is an Israeli businessman and investor.[1]

Biography

Ilan Ben-Dov started in business at the age of 17, working as a games operator at a swimming pool.[2] He began importing SEGA electronic games 13 years later, before founding Suny Electronics Ltd in 1991.[3] In 1993, during a Tel Aviv Stock Exchange bubble, Suny raised NIS 20 million in an IPO.[4] In 1998, Ben-Dov obtained the Israel franchise to import Samsung Electronics cellular telephones,[5] and acquired control of the Achla web portal from Avi and Hagit Maor in September 1999.[6] Acquisitions continued to grow the empire, and in January 2001 Ben-Dov acquired the Tapuz web portal for $450,000 [7] through Achla. In March 2000 Pelephone and Ben-Dov launched GoNext, the first wireless Internet company in Israel.[8]

On 29 October 2002, Ben-Dov sold all of his shares in GoNext to Pelephone for NIS 42 million.[9] On 27 December 2004, he sold 3% of IDB Holding Corp. to Nochi Dankner.[10]

On 4 April 2005, he bought more 6.3% of Giron shareholding.[11] In 2005, Ben-Dov expanded his financing activity and founded Tao Tsuot Ltd., which made a number of leveraged investments in public companies.[12] However, these investments were made at the height of the bull market. Tao took a severe battering during the market crash in 2008,[13] posting heavy losses as share prices crashed, and it fell into a shareholders' equity deficit.

In 2008 Ben-Dov restructured Suny's holdings and sold the Samsung cellular telephone import business to Suny subsidiary Scailex Corp. ltd. Except for importing Samsung cellular telephones, Suny was active in the Internet service field through its controlling interest in Internet portal Tapuz People Ltd and BlogTV. In August 2009 Ben Dov acquired control of Partner Communications from Hutchison Telecommunications International for NIS 4.7 billion (about $1.38 billion),[14] in one of the biggest transactions the Israeli market had seen.[citation needed] This was financed through loans provided by the financial institutions that bought his bonds, the banks, and Hutchison's seller's loan.[citation needed] On 10 January 2010, Ben-Dov sold 4.92% of Azorim Investment, Development and Construction Ltd. for NIS 36.8 million.[15] In October 2010 Ben-Dov bought 012 Smile for NIS 1.5 billion.[16] In December 2012 Ben dov sold 30.7 percent of Partner Communications along with control of the company to Haim Saban.[17] On 6 May 2013 Ben Dov put Tapuz up for sale.[18]

On 10 July 2013 a Court ordered a liquidation for Ben-Dov's Tao.[19] The following day Bank Leumi granted a temporary foreclosure order against Ben-Dov's assets.[20] In September 2013 Ben Dov sold the Tapuz web portal to Trendline Information and Communication Services Ltd. for NIS 4.3 million.[21] On 23 June 2014 Scailex board ousts Ilan Ben-Dov as chairman.[22]

Ben-Dov has made a number of financial investments, and Suny has become a party at interest in several companies, including IDB Holding Corp. Ltd.[23]

Holdings

References

  1. ↑ Ilan Ben Dov profile at forbes.com
  2. ↑ "Ben-Dov started out at 17 as the franchisee to operate games at a swimming pool."
  3. ↑ suny electronic inc ltd Founded in 1991
  4. ↑ Suny raised NIS 20 million in an IPO
  5. ↑ Samsung granted to ben dov it's Israeli franchise license
  6. ↑ Sunny Acquires 80% of Achla Portal
  7. ↑ Suny buying Tapuz portal for $450,000
  8. ↑ Pele-Phone, Suny.com Launch GONEXT - 1st Israeli Wireless Internet Company
  9. ↑ GoNext dispute over
  10. ↑ Nochi Dankner buys 3% of IDB from Ilan Ben Dov
  11. ↑ Ilan Ben-Dov hikes Giron shareholding to 6.3%
  12. ↑ "Ben-Dov decided to expand his financing activity, and founded Tao Tsuot Ltd."
  13. ↑ "Tao took a severe battering"
  14. ↑ Ilan Ben-Dov buys controlling interest of Partner for $1.38 billion
  15. ↑ Ben-Dov liquidates Azorim stake
  16. ↑ Partner buying 012 Smile
  17. ↑ Scailex sells Israel's Partner to Saban
  18. ↑ Ben-Dov auctions Tapuz
  19. ↑ Court orders liquidation for Ben-Dov's Tao
  20. ↑ Leumi attempts to seize Ben-Dov's assets
  21. ↑ Trendline buys Tapuz Internet activity
  22. ↑ Scailex board ousts Ilan Ben-Dov as chairman
  23. ↑ "Suny has become a party at interest in several companies, including IDB Holding Corp. Ltd."

External links

Further reading

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