Mergers and Acquisitions

  • We are consistently ranked by the legal directories as one of the leading law firms in Israel for mergers and acquisitions. The firm is regularly involved in M&A transactions ranging from the largest and most complex cross-border transactions to mid-size and smaller domestic acquisitions.  Our clients include the world's largest corporations and financial institutions as well as corporates, investors, private equity funds, hedge funds and entrepreneurs from a wide variety of industry sectors, such as telecommunications, life sciences, semiconductor chips, software, motor vehicles, infrastructure, financial services, transportation and technology.

     

    Our M&A team advises on all aspects of mergers and acquisitions, including:

     

    • Public and private acquisitions
    • Reverse triangular mergers (including those involving targets whose shares are listed on the Tel Aviv Exchange, dual-listed or listed on a foreign stock exchange)
    • Tender and exchange offers
    • Earn-outs
    • Asset sales and purchases
    • Spin offs, auction sales and distressed sales
    • Share buy-backs
    • Joint ventures and strategic alliances
    • Due diligence
    • Acquisition and corporate finance
    • Obtaining tax rulings and all relevant regulatory consents in order to effect a change of control
    • Contested takeovers

     

    Many of our partners are dual-qualified native English speakers who originally trained and had many years of experience working in the corporate departments of leading New York and City of London law firms. From whichever jurisdiction the transaction is led, we are able to provide a seamless expert professional service to our clients at the same level as found in the leading international law firms.

    • Acting for Paz Oil Company (TASE:PZOL), Israel's largest fuel company, in the sale of Pi-Glilot Oil & Pipe Terminals Ltd. to Israel Canada Group and other investors
    • Consulting Ambridge Europe Limited in relation to the multi-billion sale of Keter Plastic Ltd., an Israeli manufacturer and marketer of resin-based household and garden consumer products
    • Representing the minority shareholders in Strauss Water Ltd. in the sale of their shares to Strauss Group, one of Israel's largest public companies in the food industry
    • Representing Cardinal Health (NYSE: CAH) in the Israeli aspects of its $6.1 billion acquisition of Medtronic's (NYSE: MDT) product portfolio of Patient Care, Deep Vein Thrombosis and Nutritional Insufficiency
    • Representing U.S-based Danaher Corporation (NYSE: DHR), a Fortune 500 science and technology innovator, in its $100 million acquisition of Advanced Vision Technology, an Israeli company traded on the Frankfurt Stock Exchange
    • Acting for France-based international cosmetics company, Groupe Rocher, in its multi-million acquisition of a majority stake in Israel's Sabon Group which operates in the US, Europe and Japan
    • Representing Viacom in its investment in the Israel-based TV and media company, Ananey Communications
    • Representing a consortium of Chinese private equity funds in their $4 billion bid for Playtika, Caesars Entertainment's online social gaming business
    • Representing TPG Capital in its multi-billion bid to acquire Yahoo!'s internet business
    • Acting for Israel Infrastructure Fund (Israel's largest infrastructure private equity fund) on various transactions, including the US$ 120 million preferred equity investment in Dalia Energies, Israel's largest privately-owned gas-powered electricity station, and the $110 million acquisition of the Via Maris desalination plant from the TASE-listed Azrieli Group
    • Acting for NASDAQ-listed StemCells Inc. in connection with its merger with Israel's Microbot Technologies
    • Representing Veolia Environnement S.A. on the NIS 1.2 billion (approximately USD 340 million) sale of its entire operations in Israel to Oaktree Capital Group (a private equity fund) and the current management of Veolia's Israeli operations, the largest management buy-out in Israel's history
    • Representing Radiancy, Inc. on its reverse triangular merger with PhotoMedex Inc. in a transaction for a merger consideration of approximately USD 250 million
    • Representing General Motors in connection with the sale of its entire shareholding in Universal Motors Israel – the acquisition was structured as a buy back with an enterprise value of NIS 685 million (approximately USD 170 million)
    • Representing Kimberly-Clark Corporation on its acquisition of a 49.9% interest in Hogla-Kimberly from Hadera Paper Limited for NIS 648 million (approximately USD 162.5 million)
    • Representing AT&T in its acquisition, by way of reverse triangular merger, of Interwise Inc., a web conferencing company, for a consideration of USD 121 million
    • Representing the Publicis Groupe, Europe's largest advertising company, in its acquisition of 24.99% of the issued share capital of Matomy Media Group (listed on the London Stock Exchange) for a consideration of approximately USD 82 million
    • Representing HP on its tender offer to acquire Indigo, the holding company of Israel's leading printing systems company, for a consideration of up to USD 882 million
    • Representing the receiver on the sale of 20% of the share capital of Bezeq, Israel’s largest telecommunications company, to UBS (on behalf of its clients) for an total consideration USD 800 million
    • Representing BellSouth on its sale of 50% of its joint controlling interest in Cellcom, one of Israel's leading cellular telephone companies, to Discount Investment Corporation for USD 625 million
    • Representing American International Group, Inc. on its acquisition from Aurec Gold Investments Limited of a 49.99% interest in AIG Israel Insurance Company Ltd.
    • Representing the shareholders of Flying Cargo in the sale of Flying Cargo to DeutschePost/DHL
    • Representing General Electric Co. on the Israeli law aspects with respect to the US $17 billion acquisition of the energy assets of Alstom SA and other certain Israeli corporates.  The work includes all corporate and regulatory aspects connected with the acquisition of control of the Megalim thermal power station
    • Representing Hasbro Inc. in its acquisition of the business and assets of Creator Ltd.
    • Representing HJ Heinz on two earn outs relating to the manufacture, distribution and sale of its ambient food products business in Israel and the sale, via an auction process, of the business and assets of Heinz's entire Israeli operations
    • Representing Spectranetics Corporation (listed on NASDAQ) on its acquisition of Upstream Peripheral Technologies, Ltd.
    • Representing Ladbrokes plc in the Israeli aspects of its partnership deal with Israel software developer Playtech Ltd. as part of a major multi-jurisdictional agreement enabling Ladbrokes to add hundreds of casino games to its online offering and to make use of Playtech’s digital marketing services
    • Representing Sunpower Corporation on the Israeli law aspects of its acquisition of SunRay Renewable Energy Ltd.
    • Representing Schneider Electric, the France-based global specialist in energy management, in its acquisition of Somet Technologies Ltd.
    • Representing Neusoft Group Ltd. (China’s largest IT and software company) on the acquisition of a majority shareholding in Aerotel Medical Systems Ltd.
    • Representing Synchronica plc (a UK public company) in its acquisition of AxisMobile Ltd., an Israeli subsidiary of a UK public company, by way of a reverse takeover
    • Advising Wesco Aircraft Holdings on the Israeli law aspects of its acquisition of Haas Group Inc.
    • Representing Spectra Systems Corporation on its acquisition of the brand protection and tax stamp authentication assets of Inksure Technologies Inc.
    • Representing Yedioth Aharonot in its acquisition from DTS (a major Russian media conglomerate) of the majority shareholding in "All Jobs", Israel's largest employment web portal
    • Representing Club Hotel Eilat on the sale of control of Paz-Chen Ltd. (listed on the Tel Aviv Stock Exchange)
    • Representing Danaher Kollmorgen Inc. (a NYSE listed US Company) on the sale of two of its Israeli subsidiaries Kollmorgen Servotronix Ltd. and Danaher Motion Israel Ltd.
    • Representing Readymix Industries (Israel) Ltd. (wholly owned subsidiary of Cemex) on its acquisition of the minority shareholder interests in Lime & Stone, Israel’s largest producer of aggregates. The target operates 11 plants and quarries, which produce aggregates, concrete blocks, lime and asphalt
    • Representing Daimler AG on the sale of Daimler Financial Services Israel to Colmobil Ltd.
    • Chambers Global, 2016: Strong presence acting for international corporations acquiring or selling businesses in Israel. Clients include insurance companies and banks as well as mature and start-up companies in the gaming, food and beverage, pharmaceutical and telecommunications sectors. "They're experienced, knowledgeable and provide work of a high standard."

    • Chambers Global, 2015 states that "the firm is an institution in Israel with quality and speed of service"

    • The European Legal 500, 2012 notes that team has "a very high level of professionalism. Accuracy and deep analysis"

    • The European Legal 500, 2011 recognises the team as "simply outstanding", "excellent and professional" and "able to expose the strengths and weaknesses of a deal"

    • Chambers Global Client's Guide, 2011 praises the teams approach to their work: "they are a pleasure to deal with, and will warn you of any possible problems in advance"

    • The European Legal 500, 2010 states that "clients are extremely satisfied with the firm's advice on complex transactions"