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Advs. Yuval Shalheveth, Daniel Marcovici and Moshe Pasker represented the Peninsula Group in acquiring Union Bank's diamond dealers credit portfolio, currently (June 2020) valued at $91 million and potentially up to $250 million (assuming all credit lines are utilized). In return, Peninsula will pay an amount equal to the size of the credit portfolio at the time of completion at a discount of between 30% and 45%, subject to the size of the portfolio. The portfolio also includes bad and doubtful debts amounting to over $160 million which will be transferred to Peninsula without any consideration. Negotiations were carried out with representatives of Mizrahi Bank and Union Bank which one of them, as part of the terms of their merger, must sell its credit portfolio, as determined by the Director General of the Israel Competition Authority. The transaction is subject to conditions precedent and in particular the completion of the merger between the banks. 

Adv. Tamar Tavory recently joined our firm as special counsel and will be strengthening the firm’s digital health practice, with a particular focus on telehealth, AI in medicine, medical research, and secondary use of medical data.

Advs. Peter Sugarman, Noah Zivan and intern Dina Wecker represented application discovery and recommendation platform Appnext in its acquisition by global technology company Affle India. A transaction in which both parties are not Israeli companies (with the seller having Israeli shareholders). Negotiations were carried out over the Covid-19 lockdown period in Israel, India and Singapore. 

Advs. Simon Weintraub, Daniel Green, Shira Teger and Tali Har-Oz represented Prilenia Therapeutics in a Series A financing round in which it raised 62.5 million dollars. The new funds will be used for two late-stage trials, which could lead to the registration of pridopidine for the treatment of HD and ALS.