Yoav Kfir, CPA (Isr.), Group Founder and Managing Director

Mr. Kfir, CPA (Isr.) 45, is the Founder and Managing Director of VAR Group.

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 on 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.

Carmit Elmaliach, PM, Operations and Management

Carmit,  in VAR since 2009, heads the operation issues at the different VAR portfolio companies as well as serves as a PM responsible for certain cases.

Carmit is also responsible for internal VAR procedures, compliance and professional issues.

Among Carmit’s cases were some US-Israeli technology companies such as Universal Ad, Correlsense, Sandlinks, ESnips, Intercast, Neocleus, and others. In those cases, Carmit managed the turnaround, restructuring or liquidation processes that resulted in sale of these companies to non-Israeli entities including Intel and others

Prior to joining VAR Group, Carmit managed four global offices of a UK based retail company as well as established the administrative and customer service departments for the company. Earlier in her career, Carmit did the same at a Germany-based retail company.

Carmit has an MBA from Edinburgh Business School and a BSc. from Ben-Gurion University in Israel.


Orit Silbershtein, PM, Operations and Management

Orit has over 20 years of experience in Real Estate Investment & Development, national and international sales, business development and the development of marketing strategies.

Orit heads the operation issues at the different VAR portfolio companies as well as serves as a PM responsible for certain cases such as Supper Dimension, Ducool, C3D, Acoustic Eye and more.

Prior to joining VAR Orit was working in Canada as the Operation Manager for Lansdowne Equity Ventures LTD in Canada, a Real Estate company.

Before that, she was working for 8 years with YL Realty Property Investment & Development Ltd., New York NY USA, a leading Real-Estate company. The Company owns large number of Residential and Commercial Buildings in NYC, NY state.

Orit has managed the company’s sales, and marketing operations, as well as client relations, Established business relations with global Real-estate Firms and private investors, creating mutual investments in large number of assets around the city.

She previously worked with Center Real Estate Property Management Ltd., in Israel,

A Real-Estate, and Property Management Company specializing in Commercial and Residential properties. Established and managed the company. Overlooking sales and marketing operations including strategic planning.

Orit holds a B.S in Buisness Administration – Marketing from NYIT, NY