Home » Media Center » News » Gornitzky represented the international private equity fund Warburg Pincus in the acquisition of 100% of Leumi Card Ltd. from Bank Leumi and Azrieli Group, for the amount of NIS 2.5 billion.

August 21, 2018

Gornitzky represented the international private equity fund Warburg Pincus in the acquisition of 100% of Leumi Card Ltd. from Bank Leumi and Azrieli Group, for the amount of NIS 2.5 billion.

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Gornitzky represented the international private equity fund Warburg Pincus in the acquisition of 100% of Leumi Card Ltd. from Bank Leumi (80%) and Azrieli Group (20%), for the amount of NIS 2.5 billion.

Warburg Pincus won the process for the sale of Leumi Card, run by Goldman Sachs and Leumi Partners. Also contending were 17 other potential buyers.

Warburg Pincus was represented by Partner Elite Elkon together with Associates Aviad Rabinowitz, Alon Peled and David Chester; Corporate law aspects: Ori Yitzhak and Uri Heller; Labor law aspects: Michael Ayalon and Sagi Padureanu; Antitrust aspects: Avner Finkelshtein; Tax aspects: Danielle Skald.

Gornitzky represented the international private equity fund Warburg Pincus in the acquisition of 100% of Leumi Card Ltd. from Bank Leumi and Azrieli Group, for the amount of NIS 2.5 billion.

For further reading (Hebrew)

KEY CONTACTS

Elite Elkon

Alon Peled

Michael Ayalon

Lee Alter Kizis

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