Venture Capital and Private Equity

  • Our venture capital team provides the full range of legal services and strategic advice to foreign and domestic venture capital funds, mezzanine finance funds, angel investors and private equity funds on a broad range of investments, financings, acquisitions and disposals in Israel, the US and Europe.

     

    Our diverse practice advises on early-stage investments, subsequent funding rounds, convertible debentures, secured and unsecured financing, mezzanine financing, portfolio investments as well as exits, whether by way of sale or an IPO.

     

    In addition to acting for funds on their investments, we also act on the formation, regulation and operation of on-shore and off-shore private equity funds, venture capital funds and hedge funds, including structuring and drafting information memoranda and private placing memoranda in close co-operation with foreign counsel.

     

    Members of the firm are regular contributors to professional subscriber databases on the law concerning the formation, structuring and marketing of open-ended and closed-ended funds.

    • 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.
    • Representing the Israel Infrastructure Fund (Israel's largest infrastructure private equity fund) on:

     

    (i) the USD 120 million acquisition of the Via Maris desalination plant from the Azrieli Group; and

    (ii) in the USD 110 million preferred stock financing (the first of its kind in Israel) of Dalia Power Energies, for the planning and construction of the largest private power plant in Israel operated by natural gas

     

    • Representing American Industrial Partners LLP, a private American investment fund, and its subsidiary, Presstek Inc., in connection with the acquisition of Vim Technologies Ltd.
    • Representing Coral Reef Technologies Ltd. in forming two new private equity funds outside of Israel which have raised in excess of USD 50 million as well as representing the company on all its day-to-day corporate and commercial legal matters
    • Representing Radius Ventures, a US investment fund, on its investments in bio-tech companies in Israel (one such transaction includes acting for Radius on the sale of Medingo to Hoffman La Roche for $160 million plus $40 million additional milestone payments)
    • Representing Silverfleet Capital, a UK based private equity fund, on its 60% investment in Phase One A/S, the world's leading brand in high-end medium format digital camera systems and in image processing software
    • Representing a syndicate of investors, including Robert Bosch VC GmbH, in a multi-million dollar round of funding in Utilight, an Israeli early-stage developer of new methods of wafer-metallisation for solar photovoltaic (PV) cells
    • Representing Blau Capital Ltd. in connection with the establishment of a new private equity and venture capital fund focusing on investments in technology in the financial services sector
    • Representing Plenus, one of Israel's largest mezzanine finance houses for hi-tech companies, in connection with a series of mezzanine and equity financings in the biotech and hi-tech sectors
    • Representing Holding Italiana Quattordicesima S.p.A, an Italian VC fund, on its Series A investment in ExpoBee Incorporated (exhibition software)
    • Representing RSP Fund V LLP, a Japanese investment fund, in connection with its Series C-1 Preferred Shares investment in Doat Media Ltd.
    • Representing Worthy Venture Resources LLC on its Series D Preferred investment in EarlySense Ltd.

     

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