Advs. Micki Shapira, Daniel Green and Sophy Litvin represented Fosun Health Fund (the venture capital arm of Fosun Pharma) in an exclusive license and supply agreement with Raziel Therapeutics to develop and commercialize Raziel's proprietary RZL-012, an injection used for reducing double chins, in mainland China, Hong Kong, Macau, and Taiwan for milestone payments of up to $74 million plus tiered royalties on future sales. The team was joined by advs. Miriam Friedmann, Inbar Hakimian-Nahari and intern Yang Cheng.
Advs. Ben Sandler and Barry Levenfeld represented orthologics company Bioventus in its investment in the Israeli medical device company Cartiheal, including in signing an option to buy it. Assisted alongside David Roness, Ofir Levy, Daniel Marcovici, Daniel Green, Eli Greenbaum, Guy Fuhrer, Miriam Friedmann, Shira Teger, Tali Har-Oz, Hadar Stein, Chaim Cohen, Chaya Alexandra Y.N. Kong, Sophy Litvin, Nir Kamhi, Ofir Paz, Shmuel Brill and interns Noah Levy, Katya Kagantsov and Danya Sakols.
Advs. Barak Platt and Ezra Gross represented Intel, yet again, in its $1 billion acquisition of navigation app developer Moovit. Intel plans to use Moovit’s technology to expand the services it offers via Mobileye, the autonomous car company that it acquired for $15.3 billion in 2017. Ben Sandler, Josh Hauser, Daniel Green, Miriam Friedmann, Dr. Eran Lempert, Peter Sugarman, Tali Har-Oz, Sophy Litvin, Alona Toledano, Chaim Cohen, Hadar Stein, Nir Kamhi, Tal Slabbaert, Tali Salzman, Chaya Alexandra Kong and our interns Maya Haran, Danya Sakols and Noah Levi assisted in the transaction.
Advs. Barak Platt, Ezra Gross, Moshe Medved, Lior Sofer, Eran Lempert and Nir Kamhi represented Navasota Resources Inc., a stock market shell listed on the Canadian Securities Exchange in a reverse takeover with Israeli medical cannabis operator IMC, after which IMC will become the first Israeli medical cannabis operator to list its shares in Canada.
Advs. Ben Sandler, David Roness, Ira Evental, Ofir Levy and Chaim Cohen represented Quotient Technology in its acquisition of the Israeli start-up Ubimo. The Tel Aviv-based company has developed location-indexing technology to improve the effectiveness of media campaigns.
Advs. Micki Shapira, Shai Margalit, Amit Zomer-Fedida, Chen Lanir and our intern Azaria Sorek represented the Union Group, importer of Toyota in Israel, in its acquisition of Danziv Handling Solutions Ltd. This transaction is in accordance with Toyota's global policy of consolidating its activities in the forklift industry and in storage solutions.
Advs. David Schapiro, Eliran Furman and Vered Glaubach and the intern Eviatar Katz, represented IIF (Israel Infrastructure Fund) which acquired, jointly with Cellcom, 70% of the internet infrastructure company Israel Broadband Corporation (IBC, known as Unlimited). In a complementary transaction, they represented IBC in the acquisition of the fiber-optic infrastructure for internet connection from Cellcom. Moreover, a first of its kind IRU agreement was signed between IBC and Cellcom to provide internet services to the latter's customers.
Advs Peter Sugarman and Ariel Even-Delugatch and intern Zehava Murdler, together with Dr. Eran Lampert, Ofir Levy, Niv Blacher, Neta Goshen Brami, Netanella Treistman, represented Alcatel an Israeli company that cultivates microalgae and produces natural astaxanthin (used as a nutritional additive and in the cosmetics industry) in its acquisition by Solabia Group for US $100 million. Solabia Group (incorporated as Societe La Biochimie Appliquee SA), is a French producer of natural ingredients for the cosmetic and pharmaceutical industries.
Barak Platt and Josh Hauser represented Intel Capital in leading a $17 million Series A investment in SWIR (short-wave-infra-red) sensing technology developer TriEye.
Our firm represented Super-Pharm in the sale of %33 of its shares, held by Leumi Partners, Discount Capital and Leon Koffler, to Union Group (official importer of for Toyota and H&M in Israel), for a total of NIS 600 million. Super-Pharm is represented by Gidon Weinstock, Micki Shapira, Asaf Messica, Ofir Levy, Shira Lahat, Noa Slavin, Igor Baraz, Amit Zomer-Fedida, Shay Fahima, Ophir Dagan and Noa Bombigher.