White & Case advises Bank of Jerusalem on proposed “deal jump” acquisition of Isracard

Global law firm White & Case LLP is advising Bank of Jerusalem on its proposed "deal jump" acquisition of Isracard, a leading Israeli credit card company. The formal offer was announced on December 12, 2024 following Isracard's entry into a definitive investment agreement with Menorah Mivtachim Holdings.

Under the proposal, Bank of Jerusalem aims to acquire 100 percent of Isracard's shares. The proposed consideration includes a cash component and a share swap, granting Isracard's shareholders equity in Bank of Jerusalem. Following the merger, Isracard would become a privately held subsidiary, wholly owned by Bank of Jerusalem.

Bank of Jerusalem's offer was submitted just five days before Isracard's shareholder meeting, which is set to vote on the proposed sale of controlling interest to Menorah, and is one of a number of additional competing offers.

The White & Case team is led by M&A partners Keith Hallam (New York) and Daniel Turgel, and Capital Markets partner Anna Soroka (both in London).

Press contact
For more information please speak to your local media contact.