Our firm is representing Warburg Pincus LLC, one of the world’s leading international private equity firms and controlling shareholder of the Israeli credit card company Max, in the sale of Max and the sister company Hyp (operating in the payments market) to Clal Insurance Enterprise Holdings Ltd., owner of the Clal group – one of the largest insurance and pension fund groups in Israel. We are honored to take part in this groundbreaking and complex transaction of NIS 2.5B, which marks the first time that a leading Israeli insurance and pension group gains a foothold in the consumer credit market.
Warburg Pincus was represented by Partners Elite Elkon and Alon Peled, senior associate Rafael Shafransky, associates Suzanna Flaster, Diana Barnea and Shai Landesman and legal intern Rommy Shohat, together with Partner Dr. Assaf Prussak and senior associate Nir Moses (tax), Partner Yair Shiloni (securities), Partner Avner Finkelstein (antitrust), Partner Michael Ayalon and senior associate Lee Alter Kizis (labor).
