Category: Deals

ERM advised TASE-listed Israir Airlines and Tourism, on its acquisition of 25% of the shares of BROWN HOTELS GREECE. This is the first major entrance by an Israeli airline operator into the international hotels and hospitality sector.

Nimrod Rosenblum and Gilad Maoz, co-founders and heads of ERM’s Corporate & M&A and Real Estate practices respectively, acted for Israir Airlines, together with associates Michal Gazit and May Fima. Dr. Orit Dayagi-Epstein advised on antitrust related matters.

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

 

ERM Advised Balirom on its acquisition (60%, with an option of acquiring the remainder in 4 years) by TASE-listed Turpaz Industries Ltd. – a major supplier of food flavors and spice mixtures to the food industry.

Nimrod Rosenblum, head of the firm’s M&A and private equity practice, acted for Balirom, together with associates Chen Ashkenazi and intern Ori Nehmad. Chaim Schwartz, associate in the firm’s employment and benefits practice, advised on employment law matters.

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

ERM Advised MEKOROT® on its NIS 500 million international detailed design tender, and on the selection of local and international design firms to execute the company’s reform for the development of water supplies and transportation throughout the country. This is one of Mekorot’s first tenders on an international scale, designed to attract international bidders, which required extensive legal support and advice on every stage of the tender process.
Asaf Rimon, partner in the firm’s Energy & Infrastructure practice, together with associate Tal Ishay, advised Mekorot, with assistance from interns Ori Nehmad and Maya Shoshani.

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

 

 

ERM advised WhiteSource on its acquisitions of Germany and Switzerland-based Xanitizer and Croatia-based Defensecode, and their respective international operations. These acquisitions will serve to accelerate WhiteSource’s static application security testing (SAST) solution.

Partners Simon Marks and Jeremy Seeff, along with intern Noam Zimmerman, acted for Whitesource on the Defensecode acquisition, together with our friends at Wolf Theiss, Leman Solicitors, and Laredo & Smith, LLP. Partner Ron Abelski, associates Dr. Laura Jelinek and Errel Peli along with intern Aviva Strauss acted for Whitesource on the Xanitizer acquisition.

For media coverage of the deal, please click here.

 

ERM advised Future Energy Ventures on its investment into award winning Israeli startup – Prisma Photonics, as part of a series B investment round. The investment round in the total of US$20 million is intended to accelerate the company’s growth and support new customers and projects.

Ron Abelski, partner in our High-Tech and Venture Capital practice, and associate Errel Peli advised Future Energy Ventures.

For media coverage of the deal, please click here.

ERM advised Mivne Group, in the acquisition of 24 real estate assets from Mizrahi-Tefahot Bank. This huge transaction was valued at over NIS 530m, and covered assets scattered around Israel, which will be developed for a range of real estate projects – both commercial and residential.

Eran Mizrahi, partner in our Real Estate & Urban Renewal practice, acted for Mivne, together with associate Sapir Idan.

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

We are proud to have supported our client Blackstone Innovations Investments as its portfolio company Pentera continues its exciting and impressive growth!

Jeremy Seeff, partner in our Corporate & M&A practice, advised Blackstone together with associate Errel Peli.

For media coverage of the deal, please click here.

ERM advised Eshkol Investments and Financing Ltd on their 310,000,000 NIS funding of the Sea Tower Bat Yam purchasing group. As well as refinancing a bridge loan, the funds will be used to fund the construction of the project expected to be completed in the next 3 years.

The transaction also saw Eshkol’s first significant collaboration with institutional investors, with a sizeable proportion of the funds coming from the More Investment House and More Provident Fund.

Eran Mizrahi, partner in our Real Estate & Urban Renewal practice, acted for Eshkol, together with associates Tal Leibusher Dahan and Sapir Idan.

For media coverage of the deal, please click here.