Affinity Partners Sells Stake in Phoenix Financial to Top Global Investors
Affinity Partners has sold a 25% stake in Phoenix Financial, returning its original investment to limited partners while retaining the largest shareholder position with 7.4%. The transaction strengthens Phoenix's ownership structure and expands its international investor base. Since Affinity first invested in 2024, Phoenix has delivered strong performance across asset management and insurance operations, leading to a fivefold increase in value including dividends. Phoenix was recently added to the MSCI World Index and MSCI Israel Index, reflecting growing global recognition of the company's success. Jefferies acted as sole coordinator for this transaction, which includes an 180-day lock-up period. Affinity remains committed to long-term collaboration with Phoenix management on regional growth opportunities, reinsurance, asset management, and other strategic initiatives.
Tickers: $PHOE
Topics: asset management ownership structure change shareholder transaction