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==Offices==
==Offices==


Tamares seeks investment opportunities in the United States, Europe and the Middle East. It has 10 offices spread throughout the globe:<ref name=telecom></ref><ref name=hotels></ref>
Tamares seeks investment opportunities in the United States, Europe and the Middle East. It has 10 offices:<ref name=telecom></ref><ref name=hotels></ref>


*[[Gibraltar|Gibraltar, Gibraltar]]
*[[Gibraltar|Gibraltar, Gibraltar]]

Revision as of 09:34, 2 September 2013

Tamares Group
Company typePrivate
IndustryPrivate equity
FounderShlomo Zabludowicz
Headquarters
Vaduz
,
Liechtenstein
Number of locations
10
Area served
International
Key people
Poju Zabludowicz (Chairman and CEO)
ProductsInvestment management, equity investment, real estate investment, venture capital, growth capital, fund of funds, real estate development
SubsidiariesTamares Real Estate
Tamares Private Equity
Tamares Media
Tamares Leisure
Tamares Telecom
Websitewww.tamares.com

Tamares Group is a private equity investment firm based in Vaduz, Liechtenstein. Tamares has interests in real estate, finance, technology, communications, manufacturing, leisure and media.[1][2] The firm invests in a number of different private[3] and public[4] companies, and in real estate properties.[5]

Tamares was founded after the second World War by Finnish entrepreneur, Shlomo Zabludowicz.[1] Since 1990, it has been headed by his son, Poju Zabludowicz.[6]

Offices

Tamares seeks investment opportunities in the United States, Europe and the Middle East. It has 10 offices:[1][2]

Portfolio

Currently, Tamares has ownership in the following private and public companies:

Past holdings:

  • Axis Mobile - complete mobile email solution, company went public on AIM in 2006[20]
  • British Israel Investments - property management company in the field of shopping mall and commercial centers, acquired by the Melisron Group in 2011 for an implied valuation of $700 million[21]
  • Dione plc - smart card-based payment systems, acquired by Lipman Electronic Engineering in 2004 for $104 million[22]
  • eXalink - WAP gateway, acquired by Comverse in 2000 for $550 million[23]
  • Mellanox - provider of InfiniBand chipset, company went public on NASDAQ in 2007[24]
  • Panaya - develops automatic tools to support systems managers, Tamares shares were acquired in 2010 as part of fundraising round[25]
  • Storwize - online storage optimization through real-time data compression, acquired by IBM in 2010 for $140 million[26]

Business history

  • On June 28, 2005, Tamares acquired total control of the hotels and casinos from Barrick, including the Nevada Club Hotel & Casino and Queen of Hearts Hotel & Casino, as well as 40 other commercial and residential sites in downtown Las Vegas. However, Barrick was retained as the lessee of the casinos since Tamares does not hold a Nevada Gaming License.[31] On December 22, 2005, Tamares entered into a lease agreement with Navegante to operate the Las Vegas casinos through a subsidiary called PlayLV. The Queen of Hearts was later acquired by LiveWork Las Vegas.[32]
  • On July 12, 2007, the Gold Spike was sold for $15.6 million to Gregg Covin.[33][34]
  • On January 16, 2012, The Western was closed for an indefinite period of time.[36]
  • In March 2013, The Western was sold for $14 million to a company affiliated with Tony Hsieh's Downtown Project, a campaign to revitalize the Fremont Street area.[37]
  • On April 9, 2013, it was announced that the Las Vegas Club will be closing its hotel. The casino will remain open. A possibility of a renovation for the hotel was hinted.[38]
  • On June 16, 2013, it was announced that the ViaEuropa consortium has won the tender for the Israel Electric Corporation (IEC) fiber optic communications infrastructure joint venture. Tamares Telecom is one of the four companies in the consortium, headed by ViaEuropa. ViaEuropa will own half of the consortium, while each of the four Israeli companies will own 12.5%. The consortium will own 60% of the fiber optic venture, and IEC will own 40%.[39] The venture is expected to cost about $1.4 billion.[40]

References

  1. ^ a b c "Tamares Group", Tamares Telecom. Retrieved on 29 June 2013.
  2. ^ a b "Management", Tamares Hotels Resorts & Spas. Retrieved on 29 June 2013.
  3. ^ "Selected Investments (Private)", Tamares. Retrieved on 26 June 2013.
  4. ^ "Selected Investments (Listed)", Tamares. Retrieved on 26 June 2013.
  5. ^ "Selected Properties", Tamares. Retrieved on 26 June 2013.
  6. ^ "Poju Zabludowicz", The Jewish Leadership Council. Retrieved on 26 June 2013.
  7. ^ "Ecostream", Tamares. Retrieved on 29 June 2013.
  8. ^ "Foris Telecom", Tamares. Retrieved on 29 June 2013.
  9. ^ "Mustavaaran Kaivos", Tamares. Retrieved on 29 June 2013.
  10. ^ "N-Trig", Tamares. Retrieved on 29 June 2013.
  11. ^ "Pontifax I+II", Tamares. Retrieved on 29 June 2013.
  12. ^ "Secure Pharma", Tamares. Retrieved on 29 June 2013.
  13. ^ "Investors", Siklu. Retrieved on 2 September 2013.
  14. ^ "Tamares Telecom", Tamares. Retrieved on 29 June 2013.
  15. ^ "Tower Vision", Tamares. Retrieved on 29 June 2013.
  16. ^ "Dori Media", Tamares. Retrieved on 29 June 2013.
  17. ^ "Knafaim", Tamares. Retrieved on 29 June 2013.
  18. ^ "Outotec", Tamares. Retrieved on 29 June 2013.
  19. ^ "Protalix", Tamares. Retrieved on 29 June 2013.
  20. ^ "Axis Mobile", Tamares. Retrieved on 29 June 2013.
  21. ^ "British Israel Investments Ltd", Tamares. Retrieved on 29 June 2013.
  22. ^ "Dione", Tamares. Retrieved on 29 June 2013.
  23. ^ "eXalink", Tamares. Retrieved on 29 June 2013.
  24. ^ "Mellanox", Tamares. Retrieved on 29 June 2013.
  25. ^ "Panaya", Tamares. Retrieved on 29 June 2013.
  26. ^ "Storwize", Tamares. Retrieved on 29 June 2013.
  27. ^ "Times Square", Tamares. Retrieved on 29 June 2013.
  28. ^ "Plaza America", Tamares. Retrieved on 29 June 2013.
  29. ^ "Gaughan changeover leaves workers a little melancholy". Las Vegas Sun (Las Vegas). 25 March 2004. Retrieved 29 June 2013.
  30. ^ Benston, Liz (27 June 2005). "Barrick hampered by debt, sources say". Las Vegas Sun (Las Vegas). Retrieved 29 June 2013.
  31. ^ Benston, Liz (28 June 2005). "Downtown Las Vegas: Barrick Sells Casino Stakes". Las Vegas Sun (Las Vegas). Retrieved 23 June 2013.
  32. ^ Toplikar, Dave (29 January 2010). "Queen of Hearts hotel-casino to be demolished Tuesday". Las Vegas Sun (Las Vegas). Retrieved 23 June 2013.
  33. ^ "Dreary hotel to get revamp". Las Vegas Review-Journal (Las Vegas). 12 July 2007. Retrieved 23 June 2013.
  34. ^ "DOWNTOWN PROPERTY: $15 MILLION". Las Vegas Review-Journal (Las Vegas). 4 May 2007. Retrieved 26 June 2013.
  35. ^ Purkiss, Alan (22 March 2011). "Tamares Puts in a Bid for the Whole of Warner Music, FT Reports". Bloomberg. Retrieved on 29 June 2013.
  36. ^ Goldberg, Delen (15 November 2011). "Downtown Western Casino closing after 41 years". Vegas Inc (Las Vegas). Retrieved 26 June 2013.
  37. ^ Segall, Eli (21 March 2013)."Tony Hsieh’s group buys shuttered downtown casino for $14 million". Vegas Inc (Las Vegas). Retrieved 26 June 2013.
  38. ^ Mehaffey, John (9 April 2013). "Two Downtown Las Vegas Hotels Closing". 4Flush. Retrieved 26 June 2013.
  39. ^ Perez, Gad (16 June 2013). "ViaEuropa wins fiber optic venture tender". Globes. Retrieved 23 June 2013.
  40. ^ Schuster, Ruth (15 July 2013). "Tech roundup / Even the board at Alvarion has given up". Haaretz. Retrieved 15 July 2013.
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