Clal Insurance Negotiates 150 Million Shekel Investment in Value Base

Clal Insurance is in advanced talks to invest approximately 150 million shekels to acquire an 18%-20% stake in Value Base, an investment banking, asset management, and underwriting firm. According to Clal's filing with the Tel Aviv Stock Exchange, the proposed deal values Value Base at 600 million shekels pre-money.

Value Base was founded by Victor Shamrich and Ido Neuberger, who remain its primary shareholders. Other notable investors in the company include Nathan Hetz and Avi Wertheim. Shamrich and Neuberger established Value Base after selling the Dash Apex investment house to Meitav, successfully transitioning from managers to owners of a leading investment banking entity.

Over the past year, Value Base led significant transactions, including the major exit of Dan Bus, which was sold for 2.8 billion shekels to a consortium of institutional investors. Clal Insurance currently lacks an in-house investment house arm after previously selling Clal Finance, and this strategic investment in Value Base may pave the way for rebuilding its presence in this financial sector. The transaction will be executed through Clal Holdings, the parent company of Clal Insurance.