Professional literature deals extensively with commitment (management and personal commitment), trust between partners and transparency as critical success factors in collaboration in general and in collaboration among public entities in particular. The State of Israel and the Municipality of Tel Aviv owned seven joint subsidiaries with different holdings in each of the companies. The Israeli government made a decision to sell the State's shares in these companies to the Tel Aviv Municipality. In 2016, a long process, of over eight years of negotiations, between the parties on a commercial basis, came to an end. The purpose of this article is to demonstrate how the implementation of principles of commitment, trust and transparency in practice led to the successful conclusion of the process. The research method was qualitative research, using semi-structured interviews, in the process where involved 12 people.