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.
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 2014 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.
Adv. Orly Tsioni, Odelia Sidi, Amir Assali, Rinat Shuster Perlman, Adi Tal, Shira Lahat, Shai Margalit and Aviv Lazar represented Pointer Telocation Ltd., a public company whose shares are traded on NASDAQ, in a spin-off plan, as part of which certain assets and liabilities of its wholly owned subsidiary, Shagrir Systems Ltd. ("Shagrir"), were transferred into a new wholly owned subsidiary Shagrir Group Vehicle Services Ltd. ("Shagrir Group") and Shagrir, with its remaining assets (primarily Fleet Management and Stolen Vehicle Recovery services) was merged into Pointer. Pointer intends, subject to applicable legal requirements, to distribute the shares of Shagrir Group to Pointer's shareholders as a dividend-in-kind and to use its best efforts to register these shares for trade on the Tel Aviv Stock Exchange.
Advs. Daniel Abarbanel, Adam Spruch and Michael Adler represented the Azrieli Group in a claim which was ultimately decided in favor the Azrieli Group to approve the construction of the "Rishonim" mall in Rishon Lezion. The National Planning and Building Committee considered an appeal that was filed by merchants from the city center and certain residents who opposed the construction of the mall. The Committee rejected their appeal stating that: "these plans are vital for the city's development".
The building plans, which according to the Azrielli Group are valued at NIS 700 million, include two towers of approximately 37 thousand square meters comprising 12,500 square meters of commercial space and 24,000 square meters of office space.
Advocates Barak Tal and Dafna Stern represented Unilever in a NIS 100 million lawsuit which was previously approved as a class action and was conducted against Unilever and Osem. The claim alleges that the companies marketed their cereal in weights that differ from those set forth in the standard, thus making it harder for consumers to compare the prices of various products. After analyzing the evidence, the Haifa District Court acccepted the companies' arguments and rejected the claim stating that "the plaintiffs have not proven that had the products been packaged in weights in accordance with the standard, it would improve the ability of consumers to buy the product that is most worthwhile to them.
Advs. Barry Levenfeld, Daniel Green and Eric Spindel represented BioLineRx Ltd., an Israel-based clinical-stage biopharmaceutical company, in a strategic collaboration agreement with Novartis Pharma AG designed to facilitate development and commercialization of Israeli-sourced drug candidates. Under the agreement, Novartis will evaluate projects identified and presented by BioLineRx for co-development and potential future licensing under the collaboration. As part of the transaction, Novartis made a $10 million equity investment in BioLineRx.
Advs. David Schapiro, Eliran Furman and Avi Anouchi represented Israeli networking company Silicom Ltd. (Nasdaq:SILC; TASE:SILC) in its acquisition of Danish network appliances company Fiberblaze. The Danish company provides high performance application acceleration solutions for the mobile, telecommunication, network monitoring, cyber security, financial and related industries.
Advocates Yarom Romem and Etai Kramer represented Momentum, a technology fund of Ramot (Tel Aviv University's technology transfer company) that invests in University R&D projects, in its final closing - raising a total of just under $23.5 million from investors that include Temasek (the Sovereign Fund of the government of Singapore and one of the largest funds in the world), Tata Group of India, and Sandisk.
Advs. Barry Levenfeld and Avigail Frisch Ben-Avraham co-hosted a conference on "30 years of R&D Law - Past, Present, Future", together with EY Israel and the Interdisciplinary Center Herzliya.
Mr. Avi Hasson, the Chief Scientist of the Ministry of Industry, Trade and Labor lectured at the conference.
Adv. Barry Levenfeld lectured on "The Impact of R&D Law on International Transactions" and led the panel "R&D Law - Trends and Challenges".
Advs. Orly Tsioni, Odelia Sidi, Rinat Shuster-Perlman and Aviv Lazar represented Vizrt Ltd. in its acquisition by the Norwegian fund, Nordic Capital, in a reverse triangular merge for the amount of US 374 million dollars.
Advs. Daniel Green, Ben Sandler, Shira Lahat and Ofir Levy assisted in all the IP, employment and tax related matters.
Adv. Barry Levenfeld lectured at the Ourcrowd annual cocktail event that took place in the Waldorf Astoria hotel in Jerusalem.