Centerbridge Partners and Gallatin Point sell up to 21.5% of Phoenix Holdings
Categories: Corporate and M&A
International and Israeli investors are set to acquire a 21.5% stake in Phoenix Holdings from Centerbridge Partners and Gallatin Point.
The deal involves selling 4.95% of Phoenix shares to Jared Kushner’s Affinity Partners (for a reported USD128 million, according to Calcalist), with another 6.5% sold off-market to global institutional investors.
FBC and White & Case acted as legal counsel to the sellers. Gornitzky and McDermott Will & Emery acted as legal counsel to Affinity.
