The firm represented Ruby Capital in partnership with Meitav Dash Investment House and Ayalon Insurance Company in one of Israel’s largest ever non-bank real estate project financing transactions, with approximately NIS 1.2 billion of financing for the historic “Florentine Square” project in south Tel Aviv.

Ruby Capital and Meitav will provide the financing for the purchasing group and the necessary accompaniment and guarantees for the developer, and Ayalon will provide the Israeli Sales Law-required policies. The project will include some 200 housing units and approximately 7,000 square meters of commercial space, with construction costs estimated at approximately NIS 900 million. The project also includes the preservation of historic building “Central Beit Mashbir”, which was developed in 1935 and was previously used as the headquarters of the “Haganah” organization. The project is promoted by the Cityal Salma residential company, alongside a purchasing group of about 100 members.

Eran Mizrahi and Erez Gurion, partners in our Real estate and hotel department led the transection along with lawyers Itamar Lev, Nofar Driks and Raphael Sabag and intern Sharon Breier.

For the full article: click here

 

 

ERM advised The White City Group, in expanding into the hospitality sector in Italy, with a project to establish several luxurious hotels in the country, with an aggregate value of over NIS 1.7 billion. The hotels will be run by Isrotel Hotel Chain Fattal Hotels, and other well-known international hotel management companies.

Gilad Maoz, head of ERM’s Real Estate & Urban Renewal practice, and Ron Abelski, partner in ERM’s Corporate & M&A practice, acted for The White City Group, together with associate Michal Gazit and intern Ori Nehmad.

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

ERM advised Maritime Start Up Captain’s Eye, on its successful investment round, led by SixAI. Captain’s Eye goal is to set a new operational standard for the maritime industry for improving the safety culture and cost-effective management.

Asaf Rimon, partner in ERM’s Corporate & M&A practice, acted for Captain’s Eye, together with associates Errel Peli and Chen Ashkenazi, and the assistance of intern Yael Tsabari.

For media coverage of the deal, please click here.

ERM advised Kedma Capital Private Equity, one of Israel’s leading private equity firms, on its successful acquisition of 100% of Zeriha Group, which specializes in plastic injection.

Partners Nimrod Rosenblum, head of ERM’s Corporate & M&A practice, and Chen Weiss, led the ERM team. They were assisted by Corporate & M&A associate Chen Ashkenazi, Corporate & M&A trainee Noam Zimmerman, Employment and Benefits associate Chaim Schwartz, Real Estate Associate Na’ama Irony, and Antitrust partner Orit Dayagi-Epstein.

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

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.