No Deal in Israel for Cerberus Gabriel

Hamerman, Joshua
May 2007
Investment Dealers' Digest;5/28/2007, Vol. 73 Issue 21, p6
Trade Publication
The article reports that Cerberus Capital Management and Gabriel Capital have failed to acquire a major bank in Israel. Bank Leumi le-Israel Ltd., as cited, is Israel's second-largest bank with $73 billion in total assets. Moreover, the two firms' option to purchase an additional 10.01 percent of the bank has expired. The country's ministry of finance has declined the private equity firms' request for a seven-month extension to gain the regulatory approval.


Related Articles

  • Cerberus, Gabriel to Sell Stake in Bank Leumi.  // EmergingMarketsNOW;4/20/2009, p5 

    The article reports on the plan of Cerberus and Gabriel Capital Corp. to sell their 9.66 percent stake in Bank Leumi Le Israel. It mentions that the companies, which both have 4.83 percent stake, have partnered and acquired the stake in 2005. It states that the decision to sell the stake was...

  • Radio that punches you in the kisser.  // ABA Banking Journal;Feb85, Vol. 77 Issue 2, p18 

    Reports on the marketing strategy of the Bank Leumi in New York. Confusion over the origin of the bank name; Indications of the interest of people over the advertising campaign; Survey of the banking data of college students. INSET: Alliances build bank card business.

  • Bank Leumi to issue medium-term notes.  // American Banker;10/14/1997, Vol. 162 Issue 198, p25 

    Reports that Bank Leumi le' Israel Ltd. has announced that it would raise as much as $1 billion by selling medium-term notes. Use of the proceeds for `long-term financial needs'; Marketing of the offer through subsidiaries.

  • Israel sells 22.4... slice of Bank Leumi.  // American Banker;9/2/1993, Vol. 158 Issue 169, p24 

    Reports on the Israeli government's sale of 22.4 percent of Bank Leumi. Oversubscribing of the public offering; Reduction of the government's stake; Amount raised by the issue; Bank Leumi asset value; Banks where the Israeli government is an indirect shareholder; Percentage of shares sold by the...

  • First Bank of the Americas buys branches from loss-plagued Bank Leumi of Israel. Kraus, James R. // American Banker;2/25/1994, Vol. 159 Issue 38, p5 

    Reports on the First Bank of the Americas' expansion into the New York metropolitan area with its purchase of Israel's Bank Leumi. Increase of Bank of the Americas' assets in the United States; Uneven performance of both Bank Leumi and Bank of the Americas; Objective of Bank of the Americas.

  • Bank Leumi Trust offers flexible time deposit. Plasencia, William // American Banker;5/20/1994, Vol. 159 Issue 97, p12 

    Reports on Bank Leumi Trust Co. of New York's offer of a two-year deposit product to complement its existing certificates of deposits (CD). Consumers concerned over interest rate fluctuations and asset liquidity as target market; Comparison with traditional CDs; Features of the newly-offered CDs.

  • Republic said to seek stake in Bank Leumi.  // American Banker;11/30/1994, Vol. 159 Issue 229, p5 

    Reports on Republic New York Corp.'s plan to acquire a minority stake in Israel's Bank Leumi.

  • Leumi's bond with diamond trade pays off. Merrill, Cristina // American Banker;8/15/1995, Vol. 160 Issue 156, p8 

    Focuses on the success of Tel Aviv, Israel-based Bank Leumi's growth as a result of its investment in the diamond business. Role in the development of Israel's diamond industry; Bank Leumi Trust Co.'s refocus of strategy away from the retail market to affluent individuals and mid-size companies;...

  • Bank Leumi Opens Branch In Fla. for Private Banking. Ackermann, Matt // American Banker;6/5/2002, Vol. 167 Issue 107, p7 

    Reports that the U.S. unit of Israel's Bank Leumi has opened a branch in Florida. Effort to expand its private banking business in the U.S.; Bank's earlier efforts to expand in the U.S. Opportunities provided by the Southern Florida expansion to the bank.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics