XIO Group to Acquire Meitav Dash

December 8, 2016

On December 1, 2016, private equity investor XIO Group announced it will acquire Israel-based investment manager Meitav Dash Investments Ltd.

Meitav Dash Investments Ltd. (“Meitav Dash”) is Israel’s second largest investment house with NIS 122 billion under management. The agreement provides for two separate payout structures for the shares of Meitav Dash. The first is an all cash deal at $5.75 per share (a 61% premium to the market price). The second option allows Meitav Dash’s shareholders to receive 13.7 shekels per share in cash at the time of closing, and a bond for 13.7 shekels payable over a three year period. The deal is set to close in the first quarter of 2017.

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Investment Manager M&A, Investment Manager Private Equity, Mutual Fund M&A, Mutual Fund Private Equity, Transactions