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.