Finance
Jared Kushner’s Affinity Buys Into One of Israel’s Top Financial Firms
- Miami-based firm will buy a 4.95% stake in Phoenix Holdings
- Deal marks Affinity’s second foray into Israel in under a year
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Jared Kushner’s Affinity Partners bought a $128.5 million stake in financial services firm Phoenix Holdings Ltd., marking the Saudi-backed company’s second deal in Israel in under a year.
The Miami-based private equity firm will buy a 4.95% stake in Phoenix from Centerbridge Partners and Gallatin Point Capital, according to a statement on Tuesday. Affinity also agreed to acquire a further 4.95% stake subject to approval from the Israeli regulator.