The American investment company Affinity Partners, controlled by Jared Kushner, has received permission from the Israeli regulator to increase its stake in Phoenix Financial Ltd. This is reported by foreign media.
Affinity plans to acquire an additional 4.95% stake in Phoenix from Centerbridge Partners and Gallatin Point Capital at a price of 37.5 shekels ($10.3) per share. In mid-July, Affinity acquired a similar stake for $128.5 million.
In Israel, Affinity also owns assets in the car loan division of S. Shlomo Holdings.
Affinity Partners is an investment company founded by the son—in-law of US President-elect Donald Trump, D. Kushner, in 2021 with the support of Middle Eastern investors, including Saudi Arabia's Public Investment Fund, which invested $2 billion in the company. In 2024, the company raised an additional $1.5 billion from the Qatar Investment Authority and the Emirati Lunate. Affinity currently manages assets worth $4.6 billion. The headquarters is located in Miami (Florida).
Phoenix Financial Ltd is an Israeli insurance and investment holding company. In the insurance segment, the company offers auto insurance, mortgage insurance, travel insurance, etc., and in the investment segment, investment products and platforms for independent trading on the capital market. The headquarters is located in Givatayim (Israel).
Read also in our Telegram channel "Mergers and acquisitions. AK&M».
