TEL AVIV, Israel (Oct. 25) — U.S. private equity concern Warburg-Pincus L.L.C. is negotiating to buy majority ownership of Israel´s Alliance Tire Co. Ltd.
A spokesman for Alliance said New York-based Warburg Pinchus is discussing buying the 60-percent share of the tire maker owned by Fishman Holdings, a Tel Aviv-based venture with holdings in the real estate, venture capital, retail, media and industry.
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 world´s 50th-largest tire maker. It specializes in farm, foresty and other off-the-road tires and is represented in North America by Alliance Tire USA in Danville, N.J.