Barak Capital and Leader Underwriters have made an offer to Eduardo Elsztain's IDB Development on behalf of private investors and institutions worth NIS 630m ($181m). After Eduardo Elsztain was forced to relinquish hopes of retaining control of Clal Insurance Enterprises Holdings, last week, the board of directors of IDB Development received an offer from Barak Capital and Leader Underwriters to buy the controlling stake in the insurance company.