Advs. David Schapiro, Eliran Furman and Ricki Newman, represented Azrieli Group in a sale of Sonol Israel, one of Israel’s largest gas station chains and seller of fuel and natural gas products, to Israel Oil & Gas Fund LP for approximately NIS 400 million.
The highly ranked practice areas for 2016 (in alphabetical order):
Corporate/M&A - Hi-tech
Dispute Resolution - Class Actions
Projects & Energy
Personal rankings were awarded to (in alphabetical order):
Adv. Daniel Green represented Reshef Technologies, an Israeli company, in negotiations with Baharat Electronics, one of India's largest defense companies, for a strategic technology transfer and supply agreement worth tens of millions of dollars. The transaction also included assistance in establishing a plant in India for assembling electronic fuses for land-based ammunition.
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.
Yigal Arnon & Co., in cooperation with SCube Financial Consulting Ltd. held a M&A seminar "Feasibility, Dynamics and Structure". Adv. Barak Platt lectured on: "Preparing for the Big Exit: How Not to Blow the Biggest Deal of Your Life".
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. Asaf Mesica and Shai Margalit represented Israel Natural Gas Lines Ltd. in raising NIS 400 million in debt at an annual interest of 2.49%. The debt was raised through a private offering by expanding existing debentures of INGL. INGL is a private governmental company responsible for establishing and operating the natural gas conducting system. The debt raised will finance the building of the national conducting system. According to the Ministry of Finance and the Government Companies Authority, in 2016, INGL is supposed to register the issued debentures in the Tel Aviv Stock Exchange and become a publicly traded company.
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.
Yigal Arnon & Co., in cooperation with DLA PIPER hosted a conference on practical aspects and challenges in the field of privacy and data security. Adv. Yoheved Novogroder-Shoshan, who specializes in privacy protection and transactions in the internet field, has a clear position on the matter: "The field of data security is no longer a legal, computer-related matter which only a few people in organizations deal with. This is a core topic, which managements devote a lot of resources to, since it impacts the organization and its business results."
The seminar, in collaboration with Privatequity.biz, presented solutions to changing an Exit from a one-time event to a process. Advs. Ben Sandler and Guy Lachmann and Yaron Jacobs (Privatequity.biz's Chairman of the Board) took part in the event.
Advs. Amalya Meshi and Nir Rodnitzky represented the Azorim company in the purchase of a land in the Kfar Shalem area in Tel Aviv for NIS 85 million.
Adv. Gil Oren, who serves as Habbas Investments liquidator, and Adv. Guy Lachmann, completed a transaction to sell Dutch NSI company shares, which are traded in the Amsterdam Stock Exchange, in consideration of EUR 33 million. Up until recently, these shares were owned by Habbas Tulip, a subsidiary of Habbas Investments (1960) Ltd., registered in the Netherlands.
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. Peter Sugarman, Avi Anouchi and Daniella Milner represented Leadspace Ltd. in a US $18 million investment round by Vertex, JVP and Battery Ventures.
Advs. Shiri Shaham, Dani Marcovici and Michael Keren represented Migdal Capital Markets in an M&A transaction between the company's Brokerage services with IBI. Following the completion of the merger, Migdal Capital Markets will own 19.9% of the merged company.
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.
Yigal Arnon & Co. sponsored the 2015 mHealth Israel Conference that took place at the Hebrew University of Jerusalem. Approximately 350 entrepreneurs, investors, and companies from different areas and from all over the world attended the event. Advs. Barry Levenfeld and Yocheved Novogroder Shoshan lectured at the conference.
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.
Advs. Orly Tsioni, Odelia Sidi, Ido Chitman, Shira Lahat, Yohai Ben Haim, Amir Weiser and Shai Margalit represented RGE, a company controlled by Aviv Giladi, Len Blevtnik and Udi Recanati, in purchasing controlling interest in Channel 10. Upon completion of the transaction, Channel 10 will receive a 15 year broadcasting license. Completion of the transaction is subject to regulatory approvals from The Second Authority for Television and Radio, the Antitrust Authority and other third parties. Advs. Ronit Amir-Yaniv and Ron Guttman assisted with the anti-trust aspects of the transaction.
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.