Bait Meniv has been acquired by Bait Mishtalem Hashkaot
Israel Discount Bank Ltd. and other shareholders of Bait Meniv have sold the company to Bait Mishtalem Hashkaot, a financial group established to acquire Bait Meniv's assets.
Founded in 2005, Beit Maniv's activity is based on the granting of loans to which the borrower's residential dwelling serves as collateral. Such loans are intended for older people who own a residential property and who are interested or forced to use it to finance their living.
Israel Discount Bank Ltd. is one of Israel's three largest banks, with 260 branches, around 5,700 staff and assets of US$48 billion.
Oaklins' team in Isral acted as the exclusive sell-side advisor to Israel Discount Bank and the other shareholders.
Talk to the deal team
Related deals
Banco BPM Vita S.p.A. has launched a voluntary public tender offer for Anima Holding S.p.A.
Banco BPM Vita S.p.A. has initiated a voluntary public tender offer for the shares of Anima Holding S.p.A.
Learn moreManolete Partners plc has completed a successful debt refinancing
Manolete Partners plc has signed a new revolving credit facility (RCF) with its existing provider, HSBC. The new RCF provides Manolete with the same level of facility as the previous arrangement, at US$22.6 million (£17.5 million), but with a reduced margin and lower non-utilization fee. The facility has a term of 3.25 years, with the option to extend for an additional year on the same terms.
Learn moreGenerali has expanded its footprint in Bulgaria by acquiring one of the top health insurers on the market
Doverie United Holding has successfully completed the sale of United Health Insurance Fund Doverie (Doverie) to Generali CEE Holding.
Learn more