Affinity Partners has announced the entry of a small number of the world’s premier long-only asset managers into Phoenix Financial’s shareholder base, further strengthening the company’s ownership structure and broadening its international investor base. The transaction involved the sale of 25% of its shares in Phoenix Financial for over NIS 1 billion, enabling Affinity to return its original investment to its limited partners while retaining its position as the company’s largest shareholder with 7.4% of Phoenix shares.
Latham & Watkins advised Jefferies as Sole Global Coordinator and Sole Bookrunner with a team led by London partner Josh Kiernan and Tel Aviv partner Gilad Zohari, with London associate Frederick Gardner and Tel Aviv associate Jamie Savren.
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