Published On: Wed, Jul 22nd, 2015

Markstone selling Apax Israeli Psagot stake at bargain price

Apax already holds the majority stake. The deal values Psagot at $498 million, far below the value on Apax's books.

Markstone founding partner ,  Lubash

The Markstone Fund is about to exit from investment house Psagot at “an end-of-season price”. Markstone’s creditors have approved in principle understandings reached between the struggling fund and Apax Partners for the sale of Markstone’s 23.2% stake in Israel’s largest investment house for $118 million… READ MORE

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