IFLR1000

Warburg Pincus $715 million acquisition of Leumi Card

7/8/2018
Private acquisition
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$ 715 million

Announced

7/8/2018

Overview:

  • Leumi Card is the credit card subsidiary of the largest Israeli bank Bank Leumi.
  • In 2016 the Israeli government enacted a bill requiring the two largest banks in the country - Bank Leumi and Bank Hapoalim to sell their credit card subsidiaries within three years.

Mihail Georgiev - Data analyst

Jurisdiction:

Israel

Deal type:

Private acquisition

Practice area:

M&A

Governing law:

Israel

Industry sector:

Banking

Firms:
FISCHER (FBC & Co.)

Party: Bank Leumi (Seller)

Lawyers: Avraham Well, Ronald Lehmann

Freshfields Bruckhaus Deringer

Party: Warburg Pincus (Acquirer)

Lawyers: Christopher Davis, Patrick Ko

Goldfarb Gross Seligman

Party: Warburg Pincus (Acquirer)

Lawyers: Adam Klein, Yoni Henner

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