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Latest Updates / Mergers and Acquisitions
December 11, 2017
Barnea & Co. Represented EXO Technologies in Acquisition by Lear
Barnea represented Israeli startup EXO Technologies, a developer of GPS technology for autonomous and connected vehicle applications, in its acquisition by the American corporation Lear.
August 21, 2017
Transfers of Data Base in M&A Transactions
The Israeli Law, Information and Technology Authority (ILITA) recently published a new draft directive regarding the handling of customers’ personal information (which is organized as a registered database or as a database under compulsory registration) when it is held by an acquiree company and is being transferred to the acquirer company within the scope of a merger or acquisition transaction.
July 25, 2017
Barnea & Co. represented Industries Centers EOD in the acquisition of control by US company ADM
The acquisition of control by US company ADM of Israeli company Industries Centers EOD—which imports and markets animal feed, processes seeds, and stores emergency inventory for the state—has been completed. The company was represented by Advs. Micky Barnea, Yuval Lazi, Ilan Blumenfeld, Sagi Gross, and Daniel Kleinman.
July 2, 2017
Barnea & Co. Represented Avgol in the Sale of its Rights in the Barkan Plant
Barnea represented Avgol in the sale of its rights in the Barkan plant for NIS 52.5 million. Avgol is in the process of transfering its production center in Israel to Dimona.
July 2, 2017
Barnea & Co. represented Johnson & Johnson regarding its investment in the startup, DayTwo
Barnea represented Johnson Johnson in respect of its investment of USD 12 million in the startup, DayTwo, which provides personalized nutrition recommendations based on mapping and analyzing the composition of intestinal bacteria.
April 5, 2017
Barnea & Co. represented Avgol in issuance of a New Series of Bonds
Barnea represented Avgol Industries 1953 Ltd in connection with the issuance of a new series of bonds in the amount of NIS 197 Million. Avgol is one of the biggest manufacturers in the world of non-woven fabrics for the hygiene market. Its securities are traded in the leading indices on the Tel Aviv Stock Exchange.
April 4, 2017
Barnea & Co. Represented Viola Credit in the Acquisition of Negev Ceramic
Barnea represented a group of investors, led by Viola Credit, in the acquisition of Negev Ceramics from creditor banks. Viola was represented by Adv. Michael Barnea, Adv. Ilan Blumenfeld, and Adv. Sagi Gross.
May 3, 2016
Barnea & Co. represented Azrieli Group
Barnea represented Azrieli Group in its acquisition of the eCommerce platform and activities of Buy 2 Networks Inc., a public company traded on the TASE. The acquired platform and activities provide an eCommerce platform for consumers to purchase a wide range of products.
The acquisition price is NIS 70 million. Azrieli was represented by Micky Barnea.
March 27, 2016
Barnea & Co. represented Continuity Software
Barnea represented Continuity Software in a transaction for the sale of the company to Kedma Capital for an amount of NIS 160 million. Continuity Software is the leading provider of service availability risk management solutions.
Representing Continuity Software- Adv. Micky Barnea and Adv. Ariella Dreyfuss. Adv. Yuval Lazi represented Kedma Capital.
February 14, 2016
Barnea & Co represented Covercy
Adv. Simon Jaffa, Adv. Ariella Dreyfuss, Adv. Itay Gura and Adv. Karin Kashi represented Covercy, a Fintech start up in the foreign exchange and remittance industry, in raising financing in a round led by SGVC
September 2, 2015
New business in ancient lands
As an MA expert who is highly experienced in multi-jurisdictional transactions, Simon Jaffa was interviewed for the August edition of the China Business Law Journal. The article deals with China’s interests in the Middle East. Simon was selected by the Journal to represent Israel in its section on the Middle East on the strength of his prominence in Israel as an expert in the above field. To read the full article, please click here (p.109)
June 2, 2015
Tadiran to acquire Supergas
Tadiran Holdings Ltd., controlled by Moshe Mamrod, is acquiring the gas distributor, Supergas, from Granite Hacarmel, a unit of Azrieli Group Ltd., for NIS 250 million. Micky Barnea and Ilan Blumenfeld represent Granite Hacarmel.
September 24, 2014
Barnea & Co. represented Global Invacom Group Ltd.
Global Invacom Group Ltd. of the United Kingdom entered into an agreement to acquire OnePath Networks Ltd. of Bet Shemesh, Israel. Barnea represented Global Invacom in the transaction.
August 19, 2014
Barnea & Co. represented Spirent Communications PLC
Barnea represented Spirent Communications PLC., a leading communications technology company, traded on the London Stock Exchange, and its Israel subsidiary, in the purchase of Radvision’s and Avaya’s Technology Business Unit for approximately USD 25 million.
July 1, 2014
Barnea & Co. represented Dune Medical Devices Ltd.
Following the successful launch of MarginProbe System, which received Pre-Market Approval (PMA) from the FDA early last year, Dune Medical Devices Ltd. has successfully completed the first of a two stage USD21 million equity financing. The initial closing was completed for USD14 million with a second tranche of USD7 million to be completed by October 2014.
Dune Medical Devices develops surgical devices and techniques for real-time, intra-operative optimization of excisions in surgical oncology procedures.Dune Medical Devices has offices in the U.S. and in Israel.
January 16, 2014
Barnea & Co. represented Pilat Media Global Plc.
Pilat Media Plc is a unique UK incorporated public company, as it was the only UK company listed on the Tel Aviv Stock Exchange (TASE) and the only company fully listed on both AIM and TASE – meeting the regulatory requirements of both jurisdictions.
The firm has represented Pilat since its inception, through a spin-off (demerger) from an Israeli public company, and has assisted it with compliance with Israeli regulatory requirements through the years. In April 2014 Pilat Media was sold to Sintec Media, one of its major competitors for a cash consideration of more than $100 million.
Barnea Co represented Pilat Media and its shareholders in Israeli aspects of the transaction.