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.
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