Phoenix Finance (TASE: PHOE) will invest NIS 234 million in Generation Capital’s PowerGen for a 7.2% stake, and will raise its holding to 12.4% through a conversion of prior financing. The transaction implies a NIS 3.25 billion valuation for PowerGen, up from the NIS 1.26 billion value recorded in Generation Capital’s books at the end of 2024. Generation Capital said the move is expected to generate an estimated NIS 270320 million in second-quarter pre-tax profit for the fund.

Tzachi Abu, together with Ari Real Estate and Ispro, plans to buy 26% of G City from Norstar Holdings (TASE: NSTR) via a 50/50 limited partnership at a valuation of NIS 2.55 billion. The partnership would also receive an option to purchase an additional 7%, potentially taking its holding to 33%. The agreement is conditional on a NIS 1 billion capital injection into G City. The plan was disclosed in early July, when G City’s share price jumped by more than 20%.

Jared Kushner’s Affinity Partners sold 25% of its holding in Israel’s Phoenix Financial (TASE: PHOE), raising NIS 1.05 billion and cutting its stake from about 9.9% to 7.4%. The transaction was completed at a 4% discount to the day’s reference price and was described as a financial sale that does not change control or operations. Phoenix Financial is an insurance group listed on the Tel Aviv Stock Exchange, and the deal was a shareholder secondary-market trade rather than a company-led transaction.