Agility

Insurance company Menora Mivtachim is acquiring 40% of the shares of the hedge fund Agility for 200 million shekels. The deal values the fund at 500 million shekels, surprising the capital market.

Tal Kedem and Udi Biton are set to sell a 25%–30% stake in their hedge fund, Agility, to the insurance company Menora. The deal values the fund at approximately 300 million shekels, resulting in a payout of 75–100 million shekels.