Category: Deals

ERM has represented Netafim, a pioneer and global leader of smart drip and micro-irrigation products, in exclusive global distribution agreements with Dorot Control Valves, a leading producer of control valves and Amiad Water Systems, a global producer of water treatment and filtration solutions.

Under the terms of the agreement with Amiad, Netafim will market their product lines for the irrigation market in numerous countries outside of Israel, as part of its filtration offering.

Under a similar agreement with Dorot, Netafim will market control valves for the agriculture, greenhouse, landscape and mining markets in numerous countries outside of Israel. In this deal, Netafim boosts its irrigation offering, helping farmers grow more with less as well as improve their profitability.

High-Tech and Start-Ups and Corporate and M&A practices

Epstein Rosenblum Maoz (ERM)’s high-tech and start-ups and corporate and M&A practices are widely renowned for their cross-border expertise and ERM regularly advises leading Israeli and international clients on the most complex transactions carried out in Israel or by Israeli companies abroad. For further information on these transactions and our technology practice, please contact Simon Marks or another member of our team.

ERM has represented Karamba Security, a startup selected by Forbes Israel as one of Israel’s Top 10 Most Promising Cybersecurity Companies, on its raising of $2.5 million in a new Series A funding led by Fontinalis Partners, with participation from existing investors YL Ventures and GlenRock.

Karamba develops industry-leading autonomous cybersecurity solutions for connected and autonomous vehicles and the latest round follows the $2.5 million in funding they received earlier this year which our technology team also acted on.

The closing has received widespread press attention, including in TechCrunch and Business Wire.

High-Tech and Start-Ups and Corporate and M&A practices

Epstein Rosenblum Maoz (ERM)’s high-tech and start-ups and corporate and M&A practices are widely renowned for their cross-border expertise and ERM regularly advises leading Israeli and international clients on the most complex transactions carried out in Israel or by Israeli companies abroad. Please click here to read more about our high-tech and start-ups and corporate and M&A practices.

For further information on this transaction and our technology practice, please contact Nimrod Rosenblum.

Following their widely publicised establishment of a $300 million technology fund in Israel, ERM is delighted to have advised the Chinese conglomerate Kuang-Chi on their investment in Beyond Verbal Communication, a Tel Aviv based company which enables machines to understand human emotions by analyzing raw voice intonations as people speak.

This is Kuang-Chi’s second investment in an Israeli company since its fund was launched in May 2016 and their investment of $3 million in Beyond Verbal Communication brings the total raised by the startup to $10 million since its founding in 2012. The new funding will go towards recent and future research projects for the company in the health and wellness space.

For coverage of the investment in Geektime, 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. Our cross-border focus, effective approach, cohesive partnership and strong team of excellent individuals are widely acknowledged by leading international and Israeli technology companies, entrepreneurs, start-ups, investors and major legal directories.

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

ERM represented the Sigma-Andbank Group, an Israeli investment group, in its purchase of the entire portfolio management activity of Tamir Fishman, an Israeli based investment house.

The transaction follows our team previously acting for Andbank in their acquisition of a controlling stake in Sigma, and can be seen as part of the overall strategy of growing the Israeli firm into a global entity through acquisitions.

The purchase required our team to navigate Israel’s complex and stringent regulations and obtain approval from the national securities regulator, The Israel Securities Authority (ISA). Adding to the complexities were the adjustment payments used in the transaction as well as the numerous employment issues that arose due to the integration of Tamir Fishman into the Sigma-Andbank Group.

The acquisition is significant for the Sigma-Andbank Group as it substantially increases the amount of assets managed by them.

Corporate and M&A practice                                 

Epstein Rosenblum Maoz (ERM)’s corporate practice is widely renowned for its cross-border M&A expertise and it regularly advises leading Israeli and international clients on the most complex transactions carried out in Israel or by Israeli companies abroad. Please click here to read more about our corporate and M&A practice.

For further information, please contact Lior Aharon or another member of our team.

ERM represented Maverick Ventures, a venture capital fund which provides funding for tech start-up companies by high value investors from around the world, on its recent A-round investment in the cybersecurity start-up SafeBreach.

SafeBreach, which was founded in Israel but is now headquartered in Delaware, in the U.S. simulates hacks on companies’ systems to help them identify holes.

Maverick Ventures, together with Deutsche Telekom Capital Partners, Hewlett Packard Pathfinder joined existing investors Sequoia Capital and Shlomo Kramer in the A-round that raised $15 million for the start-up.

The closing has received widespread press attention, including a mention in The Marker [article in Hebrew] and Geektime [article in English].

High-Tech and Start-Ups and Corporate and M&A practices

Epstein Rosenblum Maoz (ERM)’s Technology Practice and Corporate and M&A practice are widely renowned for their cross-border expertise and ERM regularly advises leading Israeli and international clients on the most complex transactions carried out in Israel or by Israeli companies abroad. Please click here to read more about our high-tech and start-ups and corporate and M&A practice.

For further information on this transaction and our technology practice, please contact Natalie Noy.

ERM has recently been appointed as lead advisors to NTA, operators of the mass underground/above-ground transit system in Tel Aviv, widely considered to be the largest and most complex transportation project ever executed in Israel.

NTA was founded in 1997 to provide solutions to Tel Aviv’s transport problems and as a governmental body, it is required to conduct a full and comprehensive tendering process in accordance with Israel law. We will be managing the entire tender process and will be advising on several projects including the development and construction of a number of projects including the Red Line, Purple Line and Green Line.

Amnon Epstein, head of our finance and projects practices commented, “We are delighted to be appointed to such a high profile and transformational infrastructure project. We believe our appointment is testament to our capabilities in acting on large scale and complex infrastructure projects for high profile governmental bodies both domestically and internationally.”

Other members of the team include: partners Asaf Rimon and Lior Aharon; associates Naama Irony, Chen Weiss and Rona Richman.

Please click here for a PDF version of the project details.

Energy and infrastructure

ERM’s renewable energy and infrastructure practice has rich experience in the representation of international and leading clients in all matters relating to complex energy and infrastructure projects worldwide. For more information on the firm’s renewable energy and infrastructure practice, click here.
For more information, please contact Amnon Epstein or another member of our team.

ERM acted for the China based Zhejiang Crystal-Optech and Singapore based Vorizon Technology on their Series B round investment in the Israeli company Lumus for USD 15 million as well as a follow-up acquisition of a minority stake for USD 12 million.

Lumus is a maker of transparent near-to-eye displays for augmented reality (AR) and mixed reality (MR) and the funding will be used to increase production capacity as well as to expand R&D capability.

The investment round was led by Zhejiang Crystal-Optech and global private investment firm Shanda Group, with participation from Vorizon Technology.

Roni Abelski, partner in our high-tech and start-ups practice, led the transaction team.

For media coverage of the investment, 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.