Affinity Partners sells 25% of its Phoenix stake to global investors while remaining largest shareholder

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Summary · why it matters

Affinity Partners has sold a 25% stake in Phoenix Financial to a small group of premier long-only global asset managers, returning its original investment to limited partners while retaining its position as the largest shareholder with a 7.4% holding. Since Affinity's initial investment in 2024, Phoenix's value including dividends has increased roughly fivefold, driven by strong operating performance and growth in its asset management and insurance businesses. The company was recently added to the MSCI World Index and the MSCI Israel Index. Affinity welcomes the new blue-chip partners and remains committed as a major long-term shareholder, looking to collaborate on regional growth, reinsurance, asset management, and other initiatives. Jefferies acted as sole global coordinator and sole bookrunner on the placing, which includes a 180-day lock-up.

Impact on stocks 2

Financials▲ · 1 stocks
Industrials▲ · 1 stocks

Off-coverage companies 2

Phoenix FinancialPrivate▲ Positive
Capitalrelevance

Phoenix's value increased fivefold since Affinity's investment, added to MSCI indices, and attracted premier global investors.

Affinity PartnersPrivate▲ Positive
Capitalrelevance

Affinity sold a 25% stake in Phoenix, returning original investment to limited partners while retaining largest shareholder position.

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