Tel Aviv, Israel -- US-based private equity concern
Warburg-Pincus LLC is negotiating to buy majority ownership of
IsraelÂ´s Alliance Tire Co. Ltd.
A spokesman for Alliance said New
York-based Warburg Pincus is discussing buying the 60-percent share of
the tyre maker owned by Fishman Holdings, a Tel Aviv-based venture with
holdings in the real estate, venture capital, retail, media and
New York-based Warburg-Pincus claims
investments of more than $20 billion, with holdings in industry,
energy, real estate, media, financial services and health care,
according to its Web site.
Alliance, based in Hadera, Israel, is the
worldÂ´s 50th-largest tyre maker. It specialises in farm, foresty and
other off-the-road tyres.