ERM was delighted to act for leading Israeli private equity firm Kedma Capital on its major acquisition of 100% of the Iskoor Metals group, Israel’s largest steel company. ERM advised Kedma Capital on all corporate, employment, antitrust, real estate and financing aspects of the complex transaction, which was financed by a combination of equity and debt provided by multiple major Israeli banks.
The Iskoor Metals group was founded in 1973 and employs approx. 500 employees in four manufacturing sites. Its annual turnover is approx. NIS 1,000,000,000.
Kedma Capital manages over NIS 1,000,000,000 in two funds and focuses on the acquisition of control (or joint control) in Israeli companies in which it recognizes significant improvement prospects. The Kedma Capital team was led by Managing Partner Gilead Halevy and Nir Sarfati.
The ERM team was led by Partner Nimrod Rosenblum, head of the firm’s Corporate and M&A practice, along with Jeremy Seeff (Partner, Corporate and M&A, Banking & Finance), and also included Erez Gurion (Partner, Real Estate), Shiran Romano (Associate, Real Estate), Orit Dayagi-Epstein (Of-Counsel, Antitrust), Maya Schneider (Partner, Employment), Shlomo Kaplan (Associate, Employment) and Adi Garmazi (Intern, Corporate and M&A).
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