DEAL DRIVER
Kushner’s Affinity Partners to buy stake in Israel’s Shlomo car firm
Investment of $150 million by Saudi-backed private equity fund is Affinity's first in Israel amid continuing negotiations for Phoenix Insurance Agencies
FAYEZ NURELDINE/AFP via Getty Images
Affinity Partners founder Jared Kushner at Future Investment Initiative conference in Saudi Arabia last October
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TEL AVIV, Israel – After two years of scouting, Jared Kushner’s Gulf-backed private equity fund, Affinity Partners, will make its first investment in Israel, buying a $150 million minority stake in the country’s largest car rental agency and affiliated...