Author: Yaniv Ozana

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.

We are proud to announce that Dr. Orit Dayagi Epstein, ERM’s head of Antitrust and Consumer Law group, has been appointed as a director at the Israeli Consumer Counsel. Best of luck Orit!

For media coverage, please click here.

For further information about our competition and consumer protection department, please contact Dr. Orit Dayagi-Epstein.

We are proud of Natalie Noy, partner and head of High-Tech practice at ERM, who has been included in the list of the 35 influential female lawyers in Israel. Go Natalie!

For media coverage, please click here.

Please click here to learn more about our High-Tech & Start-ups practice.

 

 

ERM has partnered with the Paris office of Reed Smith LLP for a breakfast seminar “Doing business in Israel – investing in companies, projects and infrastructures”. Amnon Epstein, head of ERM’s Energy and Infrastructure practice has participated in a panel regarding infrastructure projects in Israel. Nimrod Rosenblum, head of ERM’s Corporate and M&A practice has participated in a panel regarding the M&A regime in Israel and high-tech. Gilad Maoz, head of ERM’s Real Estate, Urban Renewal and Hotels practice has participated in a panel regarding investment in commercial and residential real estate projects and the hotel industry in Israel. The seminar was a great success and the business relations between Israel and France are getting warmer. A special thanks to our friends at Reed Smith LLP in Paris!

 

For the second consecutive year, ERM is proud that Jeremy Seeff , Partner in our corporate M&A and finance and banking practices, features in the 2018 OUTstanding LGBT+ Future Leaders list, presented by the Financial Times.

We are equally proud of our client Reps AI’s very own Shachar Grembek who features in the 2018 OUTstanding 100 LGBT+ Executives list. Jeremy’s inclusion has followed his excellent work in founding the Israel Diversity Standard, a volunteer-run benchmark for LGBT+ inclusivity in the Israeli workplace which has signed up leading global and local companies, including ERM.

He is also a director volunteer of LGBTech, a professional network for LGBT+ people in or associated with the tech industry. ERM is proud to support our LGBT+ colleagues and clients, as well as to support the broader diversity agenda. For more information on the Israel Diversity Standard or LGBTech, please contact Jeremy Seeff.

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.