The High-Tech magazine Geektime selected the local industry's key people in its respected list for 2015, which includes Adv. Barry Levenfeld.
Advs. Simon Weintraub and Daniel Damboritz represented Lazarus Israel Opportunities Fund, a hedge fund based in Denver Colorado, which led a $5.5 million Series A financing in an Israeli behavior analytics start-up company called Clarisite Ltd.
Advs. Daniel Green and Eli Greenbaum represented Oramed Pharmaceuticals, an Israeli clinical-stage pharmaceutical company focused on the development of oral drug delivery systems, in a licensing transaction with Hefei Tianhui Incubator of Technologies Co., Ltd., of China. The agreement is worth $38 million, with future royalties, and gives HTIT exclusive rights to market Oramed’s oral insulin capsule, in China, Hong Kong and Macau. This deal is alongside a $12 million equity investment in the company.
Advs. Barry Levenfeld, Yarom Romem, David Roness, Yulia Lazbin, Eran Lempert and Ben Sandler of our firm represented Panoramic Power Ltd. in its sale to the US company Direct Energy for $60 million. Panoramic Power operates in the field of energy management and operational efficiency in the areas of trade and production.
Advs. David Osborne, Ben Sandler, Ezra Gross, Josh Hersch, Elichai Bitter and Evan Schendler represented Rogue Wave Software in its acquisition of the Israeli company Zend Technologies. Adv. Ofir Levy assisted with the tax aspects of the transaction.
IFLR 2016 edition top ranks Yigal Arnon & Co. in the four practices it covers in Israel, placing the firm as one of the top leading firms in Israel. The firm is ranked 'Tier 1' in Mergers & Acquisitions, Banking & Finance, and Project Finance, and ' Tier 2' in Capital Markets.
Advs. David Schapiro, Eliran Furman, Avi Anouchi, Eli Greenbaum and Eric Spindel represented the Israeli networking and data infrastructure provider Silicom Ltd. in its acquisition of Virginia based ADI Engineering Inc.
“Eran is a great tax lawyer with a perfect blend of intellect, experience and energy that complements and bolsters our existing tax practice,” said Barry P. Levenfeld, a partner and member of Yigal Arnon's Executive Committee.
“Eran will be a valuable addition to the firm’s Tax Department, providing an increased depth of experience to support our firm's transactional practice, as well a source of expertise on Israeli and international tax issues” added Levenfeld.
Eran has a BA in Law and Accounting and a Master's degree and PhD in Law in the field of International Taxation from NYU.
Advs. Peter Sugarman and Guy Lachmann represented CropX in its $9M Series A investment round and corporate restructuring, following which CropX New Zealand was re-domesticated as an Israeli parent corporation. The transaction involved investment by top-tier international AgTech VCs, including Finistere Ventures, Innovation Endeavors, GreenSoil and OurCrowd. CropX is an ag-analytics company that has developed an advanced adaptive irrigation service, which automatically optimizes irrigation, thereby delivering dramatic crop yield increase and water and energy cost savings to farms.
Advs. Barry Levenfeld, Ben Sandler, Ira Burshtein, Ofir Levy and Shay Fahima represented Electronics For Imaging, Inc. in its acquisition of Matan Digital Printers Ltd. for approximately US$48 million.
EFI is a leading international provider of products, technologies and services in the digital imaging field. Matan Digital Printers is a private company engaged in the development and production of digital presses and printers for a wide range of challenging industrial applications.
Advs. Ofir Levy, Guy Sagiv and Dana Heller lectured at the conference.
Advs. Barry Levenfeld, Ben Sandler, Ofir Levy, Etai Kramer and Shay Fahima represented CA Technologies in its acquistion of Israeli company IdMLogic for US$20 million.
Advs. Daniel Abarbanel and Lior Gelbard represented the real estate developer Henry Take a lawsuit filed against him by the high-tech man Yair Barzilay.
Yigal Arnon & Co. is ranked 'Tier 1 – Leading/Dominant' in 13 practices: Corporate/M&A, Hi-tech, Capital Markets, International Commercial Law, Class Actions, Commercial Litigation, Banking & Finance, Real Estate, Construction, Project Finance, Tax, Debt Arrangements and Local Authorities; ranked 'Tier 2 - Leading' in 11 practices: Family Wealth Management, Telecommunications, Enforcement & Collection, Antitrust, Administrative Law, Restructuring & Insolvency, Insurance, Intellectual Property, Real Estate Taxation, Commercial Law China and Eastern Asia and Environmental Law; and ranked 'Tier 3' in Labor Law.
Adv. Barak Platt represented the sellers in the transaction for the sale of shares in WatchDox to Blackberry for US$100 million.
Advs. Kobi Ben Chitrit, Liron Hacohen, David Roness, Ofir Levy and Shay Fahima represented Israeli performance advertising company abaGada in its acquisition by Japanese advertising company Dentsu Aegis Network.
Advs. Kobi Ben-Chitrit, Gil Oren and David Roness acted for Allied (owner of Champion Motors, among other assets) and Yaron Gazith (owner of Globrands cigarette importation company) in their acquisition of 50% of the rights to the Israeli franchisee of the global shipping giant UPS. Allied and Gazith acquired the shares from existing shareholders of the company at a company valuation of 170 million NIS. Their partner who will remain a 50% shareholder is the Livnat family. Advocates Ronit Amir-Yaniv and Ron Guttman assisted with the anti-trust aspects of the transaction.
The PIPE league tables involve PIPEs that are at least $1m and have been executed by public corporations domiciled in the U.S. or by public, foreign companies that have primary listing on a U.S. stock exchange. Our firm is the only Israeli firm ranked in PrivateRaise’s Q1 PIPE league tables.
Legal 500 (2015 edition) top ranks Yigal Arnon & Co. in 12 practice areas, recognizing the firm as one of the leading firms in Israel. The firm is ranked 'Tier 1' in Hi-tech, Start-ups & Venture Capital and Real estate; and ' Tier 2' in Banking and finance, Capital markets, Commercial, corporate and M&A, Competition and antitrust, Dispute resolution, Insurance, Intellectual property, Projects and energy, Tax and Telecoms and media.
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According to Dun & Bradstreet's 2015 Israeli law firm quality rankings by practice, Yigal Arnon & Co. is ranked in 22 practice areas and is one of Israel’s leading law firms.
Dun & Bradstreet ranked Yigal Arnon & Co. as a "leading law firm" (Tier 1) in 16 of the most important practice areas: Mergers & Acquisitions, Commercial Litigation, Class Actions, Capital Markets, Banking and Financing, Debt Arrangements, High-Tech, Real Estate, International Commercial, Insurance, Project Finance & Infrastructure, Venture Capital & Private Equity and Private Client & Family Wealth Management. In addition, the firm was ranked as a "prominent law firm" (Tier 2) in: Tax, Restructuring & Insolvency, Competition & Antitrust and Environment; and as "recognized" (Tier 3) in Labor Law and Telecommunications. Unlike other D&B rankings, which are based merely on size or number of lawyers, this survey is based on quality.
Yigal Arnon & Co. represents TechnoArt - Israel's first and only incubator for technology entrepreneurs engaged in culture and arts. TechnoArt will assist entrepreneurs to develop business models that allow the existence and promotion of artists and investors as well. The firm provides TechnoArt with legal services, as well as training and consulting.
Advs. Orly Tsioni, Ben Sandler, Odelia Sidi, Daniel Green, Ofir Levy, Eli Greenbaum, Avigail Frisch, Shai Fahima, Noam Enk, Miriam Fridman, Rinat Shuster-Perlman and Aviv Lazar represented Annapurna Labs Ltd. in its acquisition by Amazon. This is Amazon's first significant acquisition in Israel.
Advs. Ben Sandler, Etai Kramer and Noam Enk represented Intuit Inc. in its acquisition of the Israeli startup, Porticor Ltd., for approximately $10 million.
Advs. David Osborne, Ezra Gross, and Elichai Bitter are representing M&C Saatchi PLC, a global marketing services business, in its acquisition of controlling interest in Ben-Natan Golan Ltd., an Israeli advertising company.
Yigal Arnon & Co. sponsored the GoMobile 2015 conference, one of the major conferences in the field of mobile in Israel. Adv. Zachi Zach lectured on "Legal Exposures in Mobile Marketing".
Advs. David Schapiro, Peter Sugarman, Micha Tollman and Daniella Milner represented Shapir in a joint venture with Ashtrom in its award of the Tender for the construction of the Hamifratz Port Project in Haifa, in the amount of NIS 3.98 billion.
The Hamifratz Port in Haifa and Hadarom Port in Ashdod are amongst the largest and most valuable infrastructure projects to the Israeli economy, and have been regularly categorized by the Israeli government as nationally strategic projects. The construction of Hamifratz Port and Hadarom port will support the Israeli economy by expanding Israel's marine import capabilities, minimizing Israel's reliance on foreign ports, affording access to larger fleets and increasing the competitiveness between Israeli ports. Hamifratz Port will provide vast employment and growth opportunities to the population of Haifa, the Krayot and the Northern District of Israel. The Tender process continued for over two years and involved extensive negotiations with leading international marine companies.
Our office is happy to co-host an event together with the Israel-Australia chamber of commerce in the commencement of Square Peg Capital's Israeli operations. Square Peg Fund, founded and managed by leading Australian business entrepreneurs and high net worth individuals, is set to invest approximately $150 million in Israeli start-ups in the next 3 to 5 years.