Kushner’s Saudi-Backed Affinity to Acquire Stake in Israeli Firm

Affinity Partners to buy $150 million stake in Shlomo car unit
The agreement marks Affinity’s first investment in Israel

Jared Kushne
Photographer: Marco Bello/Bloomberg

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By Marissa Newman

September 6, 2023 at 10:16 AM UTC

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Jared Kushner’s Affinity Partners is acquiring a $150 million minority stake in an Israeli car company, marking the first investment in Israel for the Miami-based private equity firm that is backed by Saudi Arabia’s sovereign wealth fund.

Affinity will buy a 15% stake in the closely held S Shlomo Holdings Ltd’s car and credit division, it said in a filing on Wednesday.