Leading Investors Complete Purchase of Remaining Phoenix Shareholding from Centerbridge and Gallatin Point By Investing.com

TEL AVIV, Jan. 20, 2025 /PRNewswire/ — Phoenix Financial Ltd., a leading Israel-based asset management, insurance, and financial group (TLV: PHOE) (“Phoenix,” the “Group,” or the “Company”), announced that former controlling shareholders Centerbridge Partners and Gallatin Point Capital completed the sale of their shares to leading international investors.

Over a period of six months from July 2024 to January 2025, top-tier international funds and Israeli institutions purchased Phoenix shares held by Centerbridge and Gallatin, totaling 31% of the shares of the Company. The remaining shares of Phoenix, representing 69% of the Company, continue to be held by a diverse group of global and local investors.  

US-based private equity fund Affinity Partners acquired nearly 10% of the shares of Phoenix. Following these transactions, international investors hold over 30% of the shares of the Company in aggregate.

The completion of these…