Endicott Management Company and MSD Capital, L.P. entered into an agreement to acquire 15% stake in Bank Leumi Le-Israel Corporation from Bank Leumi le- Israel B.M. (TASE:LUMI) for approximately $140 million on January 22, 2018. The transaction is being led by Endicott Management Company. Wayne Goldstein, one of two founding partners of Endicott Management Company, is expected to be appointed as a Board Member of Bank Leumi Le-Israel Corporation following the closing of the transaction. Completion of the transaction is subject to customary closing conditions, including any required regulatory approvals. The transaction is not expected to produce a material gain for Bank Leumi le- Israel B.M. Sandler O’Neill & Partners, L.P. acted as financial advisor and Kilpatrick Townsend & Stockton LLP acted as legal advisor for Bank Leumi le- Israel B.M. Joseph P. Vitale, Lawrence Natke, Jessica Romano and Caitlin Cornell of Schulte Roth & Zabel LLP acted as legal advisors for Endicott while Wachtell, Lipton, Rosen & Katz LLP acted as legal advisor for MSD Capital.