M&A

EBN’s Mergers and Acquisitions Department is known for leading complex, high-profile local and cross-border transactions and advising reputable clients across various industries and sectors.

Our M&A team has extensive experience in all types of M&A transactions, such as share acquisitions of shares and assets, going private transactions, leveraged buyouts, divestitures, spin-offs, tenders, takeover bids, restructuring, reorganizations, and recapitalizations.

We act as lead counsel in domestic and international transactions for prominent Israeli and multinational corporations, private equity and venture capital entities, banks, and financial institutions. In addition, we handle midsize transactions, including acquisitions and dispositions of assets, strategic investments, joint ventures, and other collaborations.

We endeavor to craft bespoke legal strategies for every transaction, aligning seamlessly with our client’s business goals while ensuring prompt and flawless execution and completion of the transaction.

Our knowledge of applicable law, together with our deep understanding of the Israeli business landscape, enables us to efficiently provide our clients with coordinated legal advice in multiple areas of the law throughout all the stages of the transaction, starting from the initial corporate structure and tax planning, negotiations, financing, due diligence, shareholders’ arrangements, through to regulatory and governmental filings, consents and approvals.

Our M&A Department comprises top-tier lawyers, many of whom have practiced at leading US law firms and are continuously acknowledged by esteemed international and domestic legal directories like Chambers and Partners, Legal 500, The European Legal 500, IFLR1000, D&B, and BDI.

In recent years, we have been engaged in many high-profile and complex M&A transactions, such as representation of:
• Representation of DoorDash in the contemplated acquisition of Wolt in a US$8.1 billion all-stock transaction.
• Representation of Apax Partners in the sale of Psagot Investment House to Altshuler Shaham for NIS910 million.
• Representation of the Tene Funds in the acquisition of a control stake in Haifa Chemicals according to a valuation of US$600 million.
• Representation of Carasso Motors Ltd., in the acquisition of 100% of Cal Auto, through the assumption of all its financial liabilities, valued at approximately NIS 1 billion.
• Representation of Kidan Dahari and Yaron Adiv’s (owners of Tnuport) in the acquisition of Ispro the Israeli Properties Rental Corporation Ltd. from Property and Building Corp. Ltd. in consideration of more than NIS 800 million, involving complex financing transactions with Mizrahi-Tefahot Bank and Reit1 Ltd.
• The private equity firm, Hellman & Friedman, in the purchase of the Israeli cyber security company, Checkmarx Ltd., for US$ 1.15 billion
• The XIO Group in the sale of Lumenis Ltd. to BPEA fund in consideration of more than US$ 1 billion.
• US company 1-800 Contacts, first in the purchase of the Israeli start-up 6over6 Vision Ltd. and later in its sale to KKR for US$3 billion.
• Permira in the sale of all of its holdings (approximately 61%) in the iconic drip irrigation pioneer Netafim, to Mexichem, a Mexican public company, for US$1.9 billion.
• Mizrahi Tefahot Bank in the NIS1.4 billion merger of Union Bank of Israel, the country’s sixth largest bank, with and into Mizrahi Bank.
• Taavura Holdings Ltd. and the Allied Group, in the acquisition of the entire holdings of EL AL Israel Airlines Ltd. in Maman – Cargo Terminals & Handling Ltd.
• Horizon Pharma plc in the acquisition of Hyperion Therapeutics, Inc. for approximately US$1.1 billion.
• ExtraHoldings (controlled by Mr. Moti Ben Moshe) in the acquisition of a controlling stake in Blue Square, a holding company operating in the field of real estate, energy and others, for NIS1.2 billion.
• Lockheed Martin Corp in a US$4.6 billion structuring transaction to separate and effect a merger of its realigned Information Systems & Global Solutions business segment with Leidos Holdings, Inc. (NYSE: LDOS) in a Reverse Morris Trust transaction.
• Tosca Services, LLC, a US based company, in the acquisition of Polymer Logistics.
• Carasso Motors Ltd., in the acquisition of 100% of Cal Auto, through the assumption of all its financial liabilities, valued at approximately NIS 1 billion.
• Sirius Group in the NIS 2 billion contemplated acquisition of The Phoenix Insurance Company Ltd., one of Israel’s largest insurance companies.