Category: Deals

ERM has represented Access Point Fund (formerly TFRG) in a NIS 45million loan agreement to Effi Capital for the construction of a multipurpose real estate project at Bet-Shemesh. The project will include 300 residential units and commercial units. The fund will provide 80-85% of the shareholders’ equity that will be required to purchase the rights in the land from the Israel Land Authority and to execute the project.

Gilad Maoz and Erez Gurion, partners in our real estate, urban renewal and Hotels  department led the team that included associate Roni Shema-Rimon and Yaara Libay (Trainee).

ERM represented The Mivneh Group in the sale of a NIS 11 million commercial asset at the Atarot Industrial Zone in Jerusalem. This is the 5th  deal in which ERM represents The Mivneh Group this year.

Erez Gurion, partner in the Real Estate and Urban Renewal practice at ERM, led the team that included Naama Irony (Associate) and Zvi Zavner (Trainee).

ERM has acted for Mishkei Renewable Energies, the renewable energy arm of the Kibbutzim Organisation (one of Israel’s strongest energy players) for the construction, operation and financing of power plants in Kibbutz Ein Tzorim and Tarabin, a Bedouin settlement. The cooperation with Clal Insurance, who acted as lender on the NIS 100 million loan for the project, is expected to continue for future projects that shall be constructed within the competitive process published by The Electricity Authority. 

Amnon Epstein, partner and Head of our energy and infrastructure department and associate Eran Ifargan led ERM’s team.  

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

ERM is proud to have represented Karamba Security in a $USD 10 million debt funding from Silicon Valley based venture debt firm – Western Technology Investment (WTI). This brings the total investment in Karamba Security to $27 million.

ERM has represented Karamba Security since its incorporation in 2016. Karamba Security is widely regarded to be one of Israel’s most promising startups, with innovative cyber security products geared toward the automotive, medical devices and IoT industries.

Nimrod Rosenblum, Head of our Corporate/M&A department led the team that included ERM partner Itai Yonai and associates Galit Farkash and Lev Rich.

 

For media coverage of the investment, please click here.

ERM advises the shareholders of City  People in the sale of 51% of their shares to Rotshtein Real Estate, a public company listed on the Tel -Aviv Stock Exchange (TASE). The joint company will manage the urban renewal activity of both Rotshtein and “City – People”.

Lior Aharon, partner in the Corporate, M&A department, led the team along with associate Anna Carmon.

For further information about the transaction, please click on the link.

 

ERM has advised retail analytics start-up StoreSmarts on its acquisition by US based Retail IQ, a company that develops and markets retail technologies.

StoreSmarts provides retailers with real-time data and insights into consumer in-store behavior and their acquisition by Retail IQ will enable their products to be distributed worldwide.

Natalie Noy, head of our high-tech and start-ups practice, led the team on the transaction with associate Galit Farkash.

For media coverage of the acquisition in English, please click here and for Hebrew, please click here.

High-tech and start-ups practice

Epstein Rosenblum Maoz (ERM)’s high-tech and start-ups practice regularly provides legal advice to leading Israeli and international clients from pre-incorporation through to exit, as well as on the most complex transactions carried out in Israel and abroad.

For more information on the acquisition or our high-tech and start-ups practices, please contact Natalie Noy or another member of our team.

ERM has acted for innogy Innovation Hub (innogy) on their $1 million investment in award winning Israeli start-up HopOn, which provides automated ticket services for public transport, using high-frequency sound wave technology.

Roni Abelski, partner in our high-tech and start-ups practice led the team with associate Guy Kofman and trainee Raz Bartov.

High-Tech and Start-ups practice

Epstein Rosenblum Maoz (ERM)’s high-tech and start-ups practice regularly provides legal advice to leading Israeli and international clients from pre-incorporation through to exit, as well as on the most complex transactions carried out in Israel and abroad.

For more information on the investment or our technology practice, please contact Roni Abelski, or another member of our team.

ERM has acted for innogy Innovation Hub (innogy) on its investment in Israeli start-up Waycare, a developer of an AI-driven transportation management solution for smart cities. Our team had previously advised innogy on its investment in customer service platform TechSee as well as in Aseest.

The latest investment is in line with innogy’s focus to look for startups in the area of “Urban Exponentials” – innovation that improves the quality of life and work in European megacities, and specifically urban mobility.

Waycare raised $2.3 million in the seed round, which was led by innogy SE and Silicon Valley-based Spider Capital, with participation from Goldbell Investments, UpWest Labs, janom, Zymestic Solutions, and SeedInvest.

Roni Abelski, partner in our high-tech and start-ups practice led the team with associate Guy Kofman.

For coverage of the investment in Globes, please click here.

High-Tech and Start-ups practice

Epstein Rosenblum Maoz (ERM)’s high-tech and start-ups practice regularly provides legal advice to leading Israeli and international clients from pre-incorporation through to exit, as well as on the most complex transactions carried out in Israel and abroad.

For more information on the investment or our technology practice, please contact Roni Abelski, or another member of our team.

ERM has advised Shupperz, a peer-to-peer platform that connects global and local shoppers, on its raising of $4 million.

The Shupperz platform enables a global community of shoppers to interact, upload content and shop for one another so that global shoppers pay local shoppers to shop for them. If you want to build your own successful online store on the platform, you can check out these eCom babes reviews.

Launched only this summer, the Shupperz app has already thousands of downloads from around the world.

Asaf Rimon, partner in our corporate and M&A and high-tech and start-ups practices led the team on the financing round and commercial structuring with associates Eitan Lahyani and Laura Jelinek.

The start-up has received media coverage following the launch of its app, featuring in Ynet [Article in Hebrew]. For coverage of its launch in English, please click here.

High-Tech and Start-ups practice

Epstein Rosenblum Maoz (ERM)’s high-tech and start-ups practice regularly provides legal advice to leading Israeli and international clients from pre-incorporation through to exit, as well as on the most complex transactions carried out in Israel and abroad. There is plenty more information online about how is that the e-commerce and new technology like software that helps HR automation system has been changing business for a while, you can try the last link to learn more about this subject and ensure business grow.

For more information on the investment or our high-tech and start-ups practice, please contact Asaf Rimon or another member of our team.

ERM acted for Unidress, an Israeli market leader in the field of work clothes and uniforms, in an administrative petition which was submitted at the Tel Aviv District Court by Fibrotex Technologies Ltd.

The petition targeted the Ministry of Defense‘s decision to trial Unidress’ services and to lease 4,100 sets of special uniforms from Unidress, which would be used by the Israel Defense Force‘s (IDF) special units.

As part of the lease, Unidress also provides a wide range of services, including laundry services, repairs, replacements and an around-the-clock call centre. Since the Ministry reached the conclusion that Unidress is the only service provider in Israel which has the capabilities to perform such services, it decided not to publish a public tender, a decision which Fibrotex contested.

Fibrotex argued, among other things, that the services should be ‘divided’ into a few different parts, and that the Ministry should have published a tender relating to the manufacturing of the uniforms. The court rejected the petition, and accepted Unidress’ argument that such a division would undermine the essence of the services sought by the Ministry.

As our head of dispute resolution Gideon Weinbaum commented to TheMarker:

“Since the Ministry of Defense found that only Unidress can provide the services within the framework of the project, its decision to enter into the agreement with Unidress as a sole supplier is correct and reasonable”.

Other members of the dispute resolution team handling the case included associate Maya Katz Hilburg.

For more information and for media coverage of the case, please click here [article in Hebrew].

Dispute Resolution practice

Epstein Rosenblum Maoz (ERM)’s dispute resolution practice has extensive experience representing leading corporate and individual clients in every major industry in a wide variety of complex litigation, arbitration and mediation proceedings which involve the full gamut of disputes.

For more information on this case and our dispute resolution practice, please contact Gideon Weinbaum.