Please click here to read our bulletin where we have provided an update on regulations that establish rules for employers seeking to provide employees with an electronic (rather than printed) pay slip.

For further information, please contact Maya Schneider who leads our employment practice.

ERM has acted for the real estate entrepreneur Nir Waizmann, on the acquisition of two properties in the heart of Tel Aviv with a combined value of NIS hundreds of millions. The two properties, in Ben Yehuda and the Beit Gaon Building, will be rented to the Brown Hotels, co-owned by Nir Waizmann.

As part of the transaction, half of the rights in one of the two properties acquired were assigned to the public company Netanel Group Ltd.

Head of ERM’s real estate team Gilad Maoz and partner Erez Gurion together with corporate and M&A partner Lior Aharon, led the team, which included associates Shiran Romano, Na’ama Irony and Roni Shema Rimon and trainee Anna Carmon.

Real estate practice

Epstein Rosenblum Maoz (ERM)’s real estate team has gained extensive experience advising developers, sellers, buyers and investors on complex real estate transaction, from inception to completion, including: development projects; development of commercial real estate and hotels; acquisition of portfolios and of specific assets; urban renewal projects; purchase groups; zoning and planning matters and real estate financing.

For more information, please contact Gilad Maoz, Erez Gurion or another member of our team.

ERM, in partnership with mHealth and the Belgian Minister of Trade hosted an elite delegation of Belgium’s top healthcare executives at the Brown Tel Aviv Hotel.

Belgium is a leading healthcare cluster, with world-class pharma, hospitals, Health IT and VCs and the intimate networking reception provided an opportunity to meet with senior executives from Belgium’s top Hospital (Antwerp University), Pharma (UCB, Janssen Pharmaceutical), Chemicals (Solvay), Health IT (AGFA), VC (Capricorn), who are looking for partnerships, pilots and investments.

Opening remarks were given by Simon Marks, head of ERM’s healthcare practice and Zeev Zehavi, Vice President, Venture Investments, Johnson & Johnson Innovation – JJDC, Inc.

ERM’s 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.

We have gained extensive experience across Israel’s most dynamic sectors including: biopharmaceutical and medical devices; fin-tech; software; cyber-security; media; gaming; digital advertising; smart city; telecommunications; mobile and internet.

mHealth

A non-profit organization, with 4200+ members, supporting Israel’s Health Tech startup community. Global healthcare companies use mHealth Israel to access Israel’s vibrant connected health sector.

ERM has acted for Maverick Ventures, recognised as one of the most active venture capital funds in Israel, on its B-round investment in smart phone repair company Puls (formerly CellSavers).

Headquartered in San Francisco and with offices in San Diego and Tel Aviv, Puls connects consumers with highly skilled technicians to install, support or repair their smart technology devices anytime, anywhere.

Maverick Ventures, together with Samsung Next and Kreos Capital, joined existing investors Sequoia Capital and Carmel Ventures in the financing round which was led by Red Dot Capital Partners and raised $25 million for the start-up.

Natalie Noy, head of our high-tech and start-ups practice led the team, which included associate Raz Mechalovich.

For media coverage of the investment, please click here.

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 advised Veridis and Tahal Group on the first BOT bid submission to build and operate a municipal solid waste treatment plant, which is due to increase the recycling and reuse of municipal solid waste as well as reduce the amount of solid waste sent to landfills, while creating energy.

The tender is one of the largest BOT tenders published by the State of Israel in recent years and represents the first waste treatment BOT in Israel.

Amnon Epstein, head of our energy and infrastructure practice led the team which included partner Lior Aharon and associates Chen Weiss and Alona Murciano Bibi.

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

Energy and infrastructure practice

Epstein Rosenblum Maoz (ERM) is considered a market leader in the energy market, regularly acting for many of the leading Israeli and international owners, developers, EPC contractors and financiers in this sector.

For more information on this transaction and our energy and infrastructure practice, please contact Amnon Epstein, or another member of our team.

In this news bulletin, our real estate team have provided two legislative updates; one relates to the amendment to the Sales Law for apartments; the second relates to the amendment of the Rental Law.

Please click here or on the image below to read the bulletin in full [in Hebrew].

חדשות נדלן

 

ERM has acted for Lahav Group and KWP on their purchase of four companies which have 39 photovoltaic (PV) plants with a capacity of 50 kW each.

Lahav Group, owned by the entrepreneur Eli Lahav, which operates in the solar energy market in Israel and the real estate market in Germany. The acquisition is seen as part of the company’s strategy to expand its photovoltaic activity.

Lior Aharon, partner in our energy and infrastructure practice, led the team which included associates Chen Weiss, Eran Ifargan, Alona Murciano Bibi and trainee Anna Carmon.

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

Energy and Infrastructure practice

Epstein Rosenblum Maoz (ERM) is considered a market leader in the renewable energy market, regularly acting for many of the leading Israeli and international owners, developers, EPC contractors and financiers in this sector.

For more information on this transaction and our energy and infrastructure practice, please contact Lior Aharon, or another member of our team.

ERM has advised the two leading Israeli energy companies, Tahal and the Noy Fund, together with the Hong Kong based Hutchison, on the financial closing of the 344 MW pumped storage energy project in Kochav HaYarden in the Jordan Valley, a matter of vital importance to the country’s energy security.

The ground-breaking NIS 2 billion energy project is one of the largest and most complex infrastructure projects in Israel and will have a huge impact on the country’s electricity sector, providing back up to the National Grid with 344MW available in less than two minutes.

Head of our energy and infrastructure team, Amnon Epstein, led the team on this project, which included partner Lior Aharon and associates Eran Ifargan and Rona Richman.

The project follows our energy and infrastructure team also advising Tahal on the selling of its holding in the pumped-storage hydroelectricity project in Kochav HaYarden to the Noy Fund for approximately NIS 120 million.

Energy and Infrastructure practice

Epstein Rosenblum Maoz (ERM) is considered a market leader in the renewable energy market, regularly acting for many of the leading Israeli and international owners, developers, EPC contractors and financiers in this sector.

For more information on this transaction and our energy and infrastructure practice, please contact Amnon EpsteinLior Aharon or another member of our team.

ERM has acted for the Noy Infrastructure and Energy Investment Fund 2 (Noy Fund 2), one of the foremost energy focused investment funds in Israel, on its purchase of a 49% stake in Aspen Solar, the renewable energy part of the TASE traded Aspen Group.

The purchase was completed through a tender of Aspen’s Israeli portfolio of 273 (PV) plant installations that are up to 50kw each and an aggregate capacity of 14 megawatts, the second largest installation in the country.

The deal cements the Noy Funds’s position as a leading player in the renewable energy market, particular solar energy, whilst enabling the Aspen Group to exit the renewable energy market and focus on its core real estate business.

Partner Amnon Epstein, head of our energy and infrastructure practice, led the team which included associates Eran Ifargan and Rona Richman.

For media coverage of the acquisition, please click here.

Energy and Infrastructure practice

Epstein Rosenblum Maoz (ERM) is considered a market leader in the renewable energy market, regularly acting for many of the leading Israeli and international owners, developers, EPC contractors and financiers in this sector.

For more information on this transaction and our energy and infrastructure practice, please contact Amnon Epstein, or another member of our team.

ERM has acted for innogy Innovation Hub (innogy), the investment arm of the German electricity giant, RWE, on its strategic investment in the customer service platform TechSee, a start-up which is revolutionising the customer support domain by providing the first intelligent visual support solution.

innogy has only recently entered the Israeli market and their investment in Techsee marks their first investment in an Israeli start-up.

The $7.5 million series A round was led by Planven Investments with the participation from OurCrowd, Comdata Group and others.

Roni Abelski, partner in our high-tech and start-ups practice, led the team which included associate Guy Kofman and trainee Lev Rich.

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.