US equity group to buy Alliance Tire – report

Hadera, Israel – A US-based private equity fund is in the final stages of negotiation to buy a 80 percent stake in Israeli tyre maker, Alliance Tire, according to a news report on Globes Online, an Israeli news organisation linked to Alliance’ owners.

Warburg Pincus, based in New York, is paying $384 million for the stake, said Globes. The report said the stake is being sold by Israeli entrepreneur, Eliezer Fishman, who is head of Fishman Holdings. Fishman Holdings also owns the Globes news…