Advs. Peter Sugarman, Avi Anouchi and the intern Ahuva Goldstand represented MentAd in the acquisition of its business by SocialCode, the US media and analytics company. MentAd developed a predictive marketing technology platform to deliver additional scale and performance to social, mobile and video advertising for leading brands.
We are happy and proud that this year, again, Yigal Arnon & Co. is ranked highly in ALL practice areas ranked by IFLR 1000 – M&A, Project Finance, Capital Markets and Banking.
Advs. Barry Levenfeld, Ira Burshtein, Alona Toledano, Eran Lempert and Shay Fahima represented Leap Therapeutics in its acquisition of Macrocure Ltd.
Advs. Hagit Bavly and Eyal Ben Itzchak represented Harel Insurance Investments and Financial Services Ltd. and Migdal Insurance and Financial Holdings Ltd. In a signing of an agreement with the Shoval Management and Investments firm, dealing with the management of property and offices for rent in high-end Tel Aviv towers, for the lease of offices with a total area of 10,000 sqm in one of the two Alon Towers, owned by the insurance companies. Shoval will pay a total rent of NIS 1.1 million for the offices, parking and additional areas.
Advs. Barak Platt, Joeri Kreisberg, Nimrod Vromen, Eran Lempert, Eli Greenbaum, Dana Heller and Shira Teger represented SalesPredict, an Israeli startup that uses predictive analytics to help businesses identify potential prospects, in its acquisition by ebay.
Advs. Shiri Shaham and Noam Meir represented Harel Group and Israel Infrastructure Fund in their acquisition of a 4% stake of the "Tamar" gas field from Noble Energy Mediterranean Ltd., with an option to purchase an additional 1% for 369 million.
Advs. David Osborne and Ezra Gross represented Laborie in a Series D Round investment and call option in Medi-Tate Ltd. for US $8 million.
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Advs. David Schapiro, Eliran Furman, Hagit Bavly, Dafna Shaham 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 NIS 364 million.
Advs. David Osborne, Ezra Gross, Josh Hersch and Shira Teger represented Crosswise an Israeli provider of machine-learning based cross-device data from its incorporation in August 2013 through its sale to Oracle. Advs. Eran Lempert and Shay Fahima assisted on tax related matters and Advs. Yoheved Novogroder Shoshan and Eli Greenbaum advised on the IP matters of the transaction.
Links to press coverage:
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.