News

| Timor Belan
December 21st, 2017

Gornitzky represents GEOC, a Chinese investment fund, in a USD 5 million venture financing round.

Gornitzky represented Shanghai GEOC Hengtong Investment Limited Partnership, a Chinese investment fund, and its affiliates in a USD 5 million Series B investment round in Vectorious Medical Technologies Ltd. in which they were the lead investors together with Broadview Ventures.

Vectorious Medical Technologies Ltd. is developing a minimally-invasive heart implant, which, together with a user-friendly external home-unit, provides easy-to-access daily medical data. The VectoriousTM system increases CHF patient quality of life by providing early, accurate physiological indication of cardiac decompensation. Patients enjoy ongoing, personalized care, physicians save lives and cut healthcare costs.

Shanghai GEOC Hengtong Investment Limited Partnership and its affiliates were represented by Timor Belan (Partner), Avi Meer, Ori Sheinkman (Labor), Oleg Omeli and Sharon Reingwirtz

June 6th, 2017

Gornitzky represents Halman-Aldubi Investment House in a merger transaction.

Gornitzky represented Halman-Aldubi Investment House in a merger transaction with a publicly traded company, in which Halman-Aldubi's entire investment activity turned into the public company. Currently, Halman-Aldubi has approximately NIS 14 billion worth of assets under its management.

 

Halman-Aldubi was represented by Timor Belan (Partner), Yair Shiloni (Partner) and Itamar Ben-Yehuda (Associate).

December 14th, 2016

Gornitzky represented Halman-Aldubi Investment House in a merger with SoHo Real Estate

Gornitzky represented Halman-Aldubi Investment House a merger agreement with SoHo Real Estate. By this merger, Halman-Aldubi, estimated at approximately NIS 141 million, shall turn into a public company, a step that will enable the investment house to grow in additional directions. As of today, the investment house has approx. 14 billion Shekels of assets under management and about 200,000 clients.

 

For further reading in Calcalist (Hebrew)

Halman-Aldubi is represented by Timor Belan (Partner), Yair Shiloni (Partner) and Itamar Ben-Yehuda

April 12th, 2016

Gornitzky represented Y.T.Y. Lenny Investments Ltd in a venture capital investment in Guardian Optical Technologies Ltd which is developing an 3D sensor for vehicles  

Gornitzky represented Y.T.Y Lenny Investments Ltd. in a venture capital investment in Guardian Optical Technologies Ltd. Guardian Optical Technologies is an innovative Israeli startup developing an advanced 3D sensor that makes cars safer and enables them to distinguish between still objects and human beings thanks to the presence of a beating heart. This sensor will prevent drivers from forgetting infants in the car as well as serve as a sensor for seat belts, the airbag system, monitoring driving, movement recognition, driver recognition, black boxes and many other applications. This 3D sensor is expected to prevent car accidents and save lives.

 

Y.T.Y Lenny Investments Ltd. and its affiliates were represented by Timor Belan (Partner) and Avi Meer.

 

February 17th, 2015

Gornitzky represented Mekorot Israel National Water Co. in the successful dismissal of a NIS 5.4 million lawsuit filed against the company in relation to reimbursement of money paid in the 1960’s and 1970's for water supply.  

Gornitzky & Co. represented Mekorot Israel National Water Co. in the successful dismissal of a NIS 5.4 million lawsuit filed against the company in relation to reimbursement of money paid in the 1960’s and 1970's  for water supply (“water rights”). The res judicata arguments made by Gornitzky, following a prior settlement in a class action suit between Mekorot’s shareholders (including the claimant), Mekorot and the State of Israel., were accepted by Justice Dr. Dafna Avnieli of the Tel Aviv District Court.

 

Mekorot Israel National Water Co. was represented by Timor Belan (Partner) and Nir Keidar, together with Nehushtan, Zafran, Scharf, Jaffe & Co.

 

For more information on our litigation practice, visit here.

December 29th, 2014

Gornitzky represented Shanghai GEOC Hengtong Investment Limited Partnership, a Chinese investment fund, and its affiliate, Fortune China Ltd. in a USD 10 million investment in Highcon Systems Ltd.

Gornitzky represented Shanghai GEOC Hengtong Investment Limited Partnership and its affiliate, Fortune China Ltd., in a USD 10 million investment in Highcon Systems Ltd. 

 

Highcon Systems Ltd. is the manufacturer of a revolutionary digital converting solution for the Direct-to-Pack Folding Carton sector, the Highcon Euclid - the world’s first production digital cutting and creasing machine.

 

Shanghai GEOC Hengtong Investment Limited Partnership and Fortune China Ltd. were represented by Timor Belan (Partner) and Avi Meer.

November 9th, 2014

Gornitzky represented Shanghai GEOC Hengtong Investment Limited Partnership, a Chinese investment fund, and its affiliate, Fortune China Ltd. in a USD 12 million investment in CNoga Medical Ltd.

Gornitzky represented Shanghai GEOC Hengtong Investment Limited Partnership and its affiliate, Fortune China Ltd., in a USD 12 million investment in CNoga Medical Ltd.

 

Cnoga Medical Ltd. is a developer of home medical screening devices using non-invasive monitoring technology.

 

Shanghai GEOC Hengtong Investment Limited Partnership and Fortune China Ltd. were represented by Timor Belan (Partner) and Ariel Davis.

January 16th, 2014

Gornitzky represented Shilav Group Ltd. in the sale of all of its shares in Tiny Love Ltd. and affiliated companies.

Gornitzky represented Shilav Group Ltd. in the sale of all of its shares in Tiny Love Ltd. and its U.S. and Chinese affiliates to Dorel Industries Inc. (TSX: DII/B), a Canadian corporation based in Quebec. Dorel Industries designs and manufactures for three areas: juvenile, home furnishings and recreational/leisure. The purchase price was not disclosed.

 

Tiny Love Ltd. is in the business of designing, developing and supplying retailers and distributors with activity gyms, mobiles, baby gear, baby toys and on-the-go baby toys.

 

Shilav Group Ltd. was represented by Chaim Friedland (Partner), Timor Belan (Partner), Avner Finkelshtein (Partner, Antitrust) and Yoav Meer.

January 2nd, 2013

Gornitzky & Co. represented Hadas Arazim Investment House, in a merger transaction with Halman-Aldubi, subsequent to which the joint investment house will manage assets and investment in the scope of approximately USD 5 billion.

Gornitzky & Co. represented Hadas Arazim Investment House, in a merger transaction with Halman-Aldubi, subsequent to which the joint investment house will manage assets and investment in the scope of approximately USD 5 billion.

 

The transaction included the transfer and sale of shares in Hadas Arazim's subsidiaries, the merger of Hadas Arazim's provident funds management company with Halman Aldubi's provident funds management company and the refinancing of bank loans.

 

Hadas Arazim was represented by Chaim Friedland (Partner), Timor Belan (Partner) and Inbal Ravid-Badner.

November 26th, 2012

Gornitzky & Co. represented Terra Group in a joint venture with the Boulevard Real Estate Group for the purchase of 1.7 dunam in Ramat Gan for NIS 40 million.

Gornitzky & Co. represented Terra Group in a joint venture with the Boulevard Real Estate Group for the purchase of 1.7 dunam in Ramat Gan for NIS 40 million.

 

Terra Group, a 30% stakeholder in the project, and Boulevard Real Estate Group will utilize the land for the construction of a new housing project, which will include at least 9 floors and 100 residential units.

 

Terra Group was represented by Timor Belan (Partner) and Lior Relevy.

October 24th, 2017

Gornitzky represents a Chinese investment fund in a USD 16 million Series B venture financing round.

Gornitzky represented Shanghai GEOC Hengtong Investment Limited Partnership, a Chinese investment fund, and its affiliates, including Fortune China Limited, in a USD 16 million Series B investment round in S.D. Sight Diagnostics Ltd. in which they were the lead investors.

 

S.D. Sight Diagnostics specializes in utilizing advanced computer vision and machine learning technology in the field of blood diagnostics.

 

Shanghai GEOC Hengtong Investment Limited Partnership and Fortune China Limited were represented by Timor Belan (Partner) and Associates Avi Meer and Sharon Reingwirtz.

February 2nd, 2017

Gornitzky represented the lead investors, Y.T.Y. Lenny Investments Ltd. in a Series A venture capital investment round in Guardian Optical Technologies Ltd

Guardian Optical Technologies is an innovative Israeli startup developing an advanced 3D sensor. Guardian's sensor makes cars safer and enables them to distinguish between still objects and human beings thanks to the presence of a beating heart. This sensor will prevent drivers from forgetting infants in the car as well as serve as a sensor for seat belts, the airbag system, monitoring driving, movement recognition, driver recognition, black boxes and many other applications.

 

Y.T.Y. Lenny Investments Ltd. was represented by Timor Belan (Partner) and Avi Meer.

August 29th, 2016

Timor Belan (partner) and associate Assaf Harel in an interview for “Times of Israel” regarding Israel’s legal framework for protecting personal data and the need for local improvements in the field.

Timor Belan (partner) and associate Assaf Harel in an interview for “Times of Israel” regarding Israel’s legal framework for protecting personal data and the need for local improvements in the field.

Read article


February 17th, 2016

Gornitzky represented Shanghai GEOC Hengtong Investment Limited Partnership, in a USD 8 million investment round in Kaymera Technologies Ltd.

Gornitzky represented Shanghai GEOC Hengtong Investment Limited Partnership, a Chinese investment fund, and its affiliate, Fortune China Limited, in a USD 8 million investment round in Kaymera Technologies Ltd. in which they were the leading investors.

Kaymera Technologies Ltd. provides a comprehensive mobile enterprise security solution that defends against all mobile threat and attack vectors.

 

Shanghai GEOC Hengtong Investment Limited Partnership and Fortune China Limited were represented by Timor Belan (Partner), Avi Meer and Bar Sarafian (Labor).

February 2nd, 2015

Gornitzky represented Fortissimo in its acquisition of a group of companies, including Enercon Ariel Ltd.

Gornitzky & Co. represented Fortissimo Capital Fund in its acquisition of a group of companies, including Enercon Ariel Ltd. The companies develop, produce and market power supply and UPS systems, which are used by leading manufacturers of aviation, aerospace, naval and ground military/defense equipment, as well as for civilian use. The purchase amount is undisclosed.

 

Enercon Ariel Ltd. is a leading designer/manufacturer of custom power supplies for the aerospace and defense industries.

 

Fortissimo Capital Fund was represented by Chaim Friedland (Partner), Timor Belan (Partner), Avner Finkelshtein (Partner, Antitrust), Michael Ayalon (Partner, Labor Law), Idan Baki (Partner, Finance), Shira Porat (Finance), Lior Grinblat, and Ariel Davis.   

December 29th, 2014

Gornitzky represented Shanghai GEOC Hengtong Investment Limited Partnership, a Chinese investment fund, and its affiliate, Fortune China Ltd. in a USD 5 million investment in Vascular Graft Solutions Ltd.

Gornitzky represented Shanghai GEOC Hengtong Investment Limited Partnership, a Chinese investment fund, and its affiliate, Fortune China Ltd. in a USD 5 million investment in Vascular Graft Solutions Ltd.

 

Vascular Graft Solutions Ltd. is a developer of innovative solutions to improve the outcome of bypass surgery and patients’ quality of life. 

 

Shanghai GEOC Hengtong Investment Limited Partnership and Fortune China Ltd. were represented by Timor Belan (Partner) and Assaf Harel.

September 15th, 2014

Gornitzky represented Shanghai GEOC Hengtong Investment Limited Partnership, a Chinese investment fund, and its affiliate, Fortune China Ltd. in a USD 12.5 million investment in InSightec Ltd.

Gornitzky represented Shanghai GEOC Hengtong Investment Limited Partnership and its affiliate, Fortune China Ltd., in a USD 12.5 million investment in InSightec Ltd.

 

InSightec Ltd. is a global leader and pioneer in MR-guided focused ultrasound therapy for non-invasive treatment of various clinical indications.

 

Shanghai GEOC Hengtong Investment Limited Partnership and Fortune China Ltd. were represented by Timor Belan (Partner), Yehonatan Raff and Bat-Chen Mazor.

July 25th, 2013

Gornitzky represented Terra Group in their partnership with Boulevard Group in a combination deal for the construction of 200 residential units and a commercial center in Tel Aviv.

Gornitzky represented Terra Group in their partnership with Boulevard Group in a combination deal for the construction of 200 residential units and a commercial center in Tel Aviv. The project will be built on an area of 3 dunam in the Florentine neighborhood of Tel Aviv.

 

Terra Group was represented by Timor Belan (Partner) and Lior Relevy.

December 11th, 2012

Gornitzky & Co. represented Mr. Avi Gross in a USD 2 million non-brokered private placement in Elbit Vision Systems Ltd. 

Gornitzky & Co. represented Mr. Avi Gross in a USD 2 million non-brokered private placement in Elbit Vision Systems Ltd.

 

As part of the private placement, Gross will initially be allotted 5.3 million shares in exchange for USD 500,000 and will also extend the company a USD 300,000 loan. Furthermore, Gross will also receive two warrants - the first warrant exercisable for up to USD 200,000 of ordinary shares and the second for up to USD 1,000,000 of ordinary shares.

 

Mr. Gross was represented by Mr. Timor Belan (Partner) and Mr. Ariel Davis.

 

November 21st, 2012

Gornitzky represented Gandyr Group in the signing of an agreement for the purchase of Odem Partnership from Enlight Renewable Energy Ltd., of the Eurocom Group, for approximately NIS 19 million.

Gornitzky represented Gandyr Group in the signing of an agreement for the purchase of Odem Partnership from Enlight Renewable Energy Ltd., of the Eurocom Group, for approximately NIS 19 million. Within the framework of the deal, Gandyr Group will receive all rights in the partnership, as well as its liabilities, including a financing agreement with Bank Hapoalim.

 

Odem Partnership holds 62 solar energy facilities with an aggregate installed capacity of approximately 3 MW.

 

Gandyr Group was represented by Timor Belan (Partner), Amit Gelbard and Arielle Ruimi.