Category: Deals

ERM has advised Nir Weizman on the acquisition of the 12th and 15th floors of the Lighthouse building in Tel Aviv, in the amount of NIS 40,000,000, heading to purchase the entire building. These two floors will be converted from office space to hotel rooms and will be part of the Lighthouse hotel, opened by Brown Hotels recently in the building.

Erez Gurion, a partner in the real estate and urban renewal department, led the team with associate Roni Shema-Rimon and trainee May Fima.

For more information on such transactions, or our real estate and urban renewal department, please contact Erez Gurion or another member of our team.

ERM has advised the Egoz Fund, whose subsidiary, ESHEL Real Estate Ltd., will grant a NIS 18,000,000 loan to members of a purchase group in Mazkeret Batya.

This is an interesting and complex transaction of a purchase group combined with TAMA 38.

The group purchased rights from the owners of the apartments in a building in Mazkeret Batya, and through an external organizer and a management company (Etgar Al) will strengthen the building against earthquakes and will add 17 housing units.

Eran Mizrahi, a partner in the real estate and urban renewal department, led the team with trainee Zvi Zavner.

For more information on such transactions, or our real estate and urban renewal department, please contact Eran Mizrahi or another member of our team.

ERM represented Shanghai Yuyuan Tourist Mart,  a Chinese public company and part of the Chinese Fosun Group, in respect to the acquisition of 80% of International Gemological Institute (IGI), a global company that is a leading player in the field of diamond and gemstone certification and education.

The ERM team was led by Asaf Rimon, Partner in the corporate and M&A department, and Galit Farkash (Associate).

For media coverage, please click here.

Please click here to learn more about our Corporate and M&A Practice and here to learn more about our recent assignments.

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, as learning investing is essential in this business as you can do with fx trade in the United Kingdom which is a great option for this.

The Iskoor Metals group was founded in 1973 and employs approx. 500 employees in four manufacturing sites, so they use a software called paystub to manage the payrolls. 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).

For media coverage, please click here.

Please click here to learn more about our Corporate and M&A Practice and here to learn more about our recent assignments.

ERM has represented The Brown Hotels Group in a lease agreement of “Menora House”, for the construction of a new boutique hotel in prime location in central Tel-Aviv. Furthermore, a NIS 40 million financing agreement was signed with Menora who will provide funds for all the renovation works in order to convert the building to a hotel.

Gilad Maoz, partner in the Real Estate, Urban Renewal and Hotels department, led the team with Roni Shema-Rimon.

For media coverage, please click here.

Fresenius Medical Care Ventures, the venture capital unit of Fresenius Medical Care, has invested $2 million in the Series B financing round for Vectorious Medical Technologies (“Vectorious”).

Roni Abelski, partner in the hi-tech and start-ups department and head of German desk, led the team with Itamar Lev.

For media coverage, please click here.

ERM has represented Kape Technologies PLC, Teddy’s Sagi cyber security company, on its USD 16 million acquisition of the entire issued share capital of Neutral Holdings Ltd trading as Intego (“Intego”), a leading Mac and iOS cybersecurity and malware protection SaaS business.

Asaf Rimon, partner in the corporate and M&A department and Galit Farkash led the team.

For media coverage of the deal in Hebrew, please click here.

ERM has represented Maverick Ventures in the sale of Precog to the German company Samson. Maverick Ventures is the sole investor in Precog.

Natalie Noy, partner and head of hi-tech and start-ups at our firm, led the team which included Guy Kofman.

For media coverage of the investment, please click here.

 

ERM has acted for the second fund of Maverick Ventures (Israel) II LP in a Series B investment round in Orasis Pharmaceuticals. Maverick Ventures co invested along with Sequoia Capital, Visionary Venture Fund, SBI JI Innovation, LIFESCI 100 Plus Management Partnerships. Orasis pharmaceuticals raised in total approximately $13,000,000 million.

The ERM team was led by Adv. Natalie Noy, partner head of our Hi-Tech practice and Adv. Raz Mechalovich.

For media coverage of the investment, please click here.