News

| Yehonatan Raff
April 10th, 2018

Gornitzky represented Broadridge Financial Solutions, Inc. (NYSE: br), in its acquisition of ActivePath.

Gornitzky represented Broadridge Financial Solutions, Inc. (NYSE: br), a global Fintech leader, in its acquisition of ActivePath, an Israeli-based digital technology company. This was Broadridge’s first acquisition in Israel.
Broadridge was represented by Partners Chaim Friedland and Yoni Raff, together with Associates Laliv Amitay and Ori Sheinkman.
For further reading:

December 19th, 2016

Gornitzky represents Sabon Shel Pa’am and its Shareholders in the Sale by its shareholders of approximately 70% of the shareholding of Sabon to Yves Rocher Group

Gornitzky represented Sabon Shel Pa’am (“Sabon”) and its Shareholders in the sale by its shareholders of approximately 70% of the shareholding of Sabon to Yves Rocher Group. Sabon is a leading producer and retailer of cosmetic, body care, home style and ambience products sold in concept stores around the world. Yves Rocher is a worldwide cosmetics and beauty brand, based in La Gacilly, France. Yves Rocher is present in 88 countries on five continents

As part of the transaction, the selling shareholders will continue to hold a significant position in the global company and shall take an active role in the management of the company for the next several years, after which they shall have an exit right. In addition to negotiating the sale agreement, we were required to negotiate a shareholders agreement between Yves Rocher and the selling shareholders for the relationship between the parties and the management of the companies.

For further reading in the Marker (Hebrew)

Sabon Shel Pa’am (“Sabon”) and its Shareholders is represented by Chaim Friedland (partner), Yehonatan Raff, Yoav Meer, Sam Berkowitz, Danielle Skald (tax) and Bar Sarafian (labour)

August 17th, 2016

Gornitzky represents the American car manufacturing Ford in in a multi-million dollar acquisition of SAIPS, an Israeli computer vision and machine learning company. 

Gornitzky represented the American car manufacturing Ford in connection with the acquisition of SAIPS, an Israeli computer vision and machine learning company. Ford announced the acquisition as part of its pledge to develop a commercial fully autonomous vehicle fleet by 2021.

 

See full story in Globes

 

Ford was represented by Chaim Friedland (Partner) Daniel Paserman (Partner, Tax), Yehonatan Raff, Aviad Rabinowitz, Danielle Skald (Tax) and Bar Sarafian.

February 9th, 2015

Gornitzky represented 3D Systems Corporation (NYSE: DDD) in its USD 97 million acquisition of all outstanding shares in Cimatron Ltd. (NASDAQ: CIMT), a leading provider of integrated 3D CAD/CAM software products.

Gornitzky represented 3D Systems Corporation (NYSE: DDD) in its USD 97 million acquisition of all outstanding shares in Cimatron Ltd. (NASDAQ: CIMT), a leading provider of integrated 3D CAD/CAM software products.

 

3D Systems Corporation, a market leader in 3D printing, was represented by Chaim Friedland (Partner), Assaf Harel, Yehontan Raff, Danielle Skald (Tax), Bar Sarafian (Labor Law) and Ben Goldman.

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.

September 11th, 2013

Gornitzky represented Rutledge Vine Capital in its equity investment in Tok Media International Ltd., a private company in the social media space. 

Gornitzky represented Rutledge Vine Capital in its equity investment in Tok Media International Ltd., a private company in the social media space. Rutledge's investment in Tok Media is its second investment in the company following an investment earlier this year, where it was also represented by Gornitzky.

Rutledge Vine Capital is a global Super Angel Investor that provides early stage venture funding to startup and seed companies and technovation research projects across the globe.

Rutledge was represented by Ari Fried (Partner) and Yehonathan Raff.

 

June 4th, 2013

Gornitzky & Co. represented Starhome BV in their purchase of MACH, which is being divested by Syniverse Technologies LLC.

Gornitzky & Co. represented Starhome BV in their purchase of MACH’s data clearing and NRTRDE business within the European Economic Area, under a corporate divestiture by Syniverse Technologies LLC, as mandated and instructed by the European Commission (antitrust). The acquisition is contingent upon approval of the transaction by the European Commission and other applicable jurisdictions.

 

Starhome is a leading global provider of international roaming solutions and their products are used by more than 200 mobile operators worldwide, including by 20 of the 30 largest operators in the world. MACH is a leading provider of cloud-based managed communication services worldwide.

 

Starhome BV was represented by Chaim Friedland (Partner, Corporate/M&A), Yoram Arad (Partner, Technology/Commercial), Yisrael Spero (Partner, Corporate/M&A/Regulatory), Yehonatan Raff, Avi Meer and Ariel Davis.

April 24th, 2013

Gornitzky advised Prolor Biotech Inc. in their merger with Opko Health Inc., under which Opko will acquire Prolor in a stock-for-stock merger valued at approximately USD 480 million.

Gornitzky advised Prolor Biotech Inc. (AMEX: PBTH; TASE: PBTH) in connection with their proposed merger with Opko Health Inc. (NYSE: OPK). Under the merger agreement, Opko will acquire Prolor for USD 480 million in shares, one third more than its market cap of approximately USD 370 million. The merger is subject to various conditions, including stockholder approval and regulatory approvals.

 

Prolor Biotech Inc., a biopharmaceutical company focused on developing and commercializing longer-acting proprietary versions of already approved therapeutic proteins, was represented by Chaim Friedland (Partner, Corporate), Gil Grady (Partner, Tax), Dubi Gross (Partner, Corporate), Avner Finkelshtein (Antitrust), Yehonatan Raff and Ariel Davis.

October 19th, 2012

Gornitzky & Co. represented Fortissimo Capital in their USD 80.3 million purchase of Starhome BV, a subsidiary of Comverse Technology Inc. (NASDAQ: CMVT), as well as in the financing of the transaction.

Gornitzky & Co. represented Fortissimo Capital,  in their USD 80.3 million purchase of Starhome BV, a subsidiary of Comverse Technology Inc. (NASDAQ: CMVT), as well as in the financing of the transaction.

 

In addition to legal representation of the private equity fund in the purchase and financing of the transaction, Gornitzky & Co. also negotiated a complex transitional services agreement, which provides Starhome with continued support services from Comverse.

 

Starhome is a leading provider of international roaming solutions and their products are used by more than 200 mobile operators worldwide, including by 20 of the 30 largest operators in the world. Fortissimo Capital is a group of private equity funds managing half a billion dollars.

 

Fortissimo was represented by Chaim Friedland (Partner, Corporate/M&A), Benjamin Waltuch (Partner, Corporate/M&A), Yoram Arad (Partner, Technology/Commercial), Idan Baki (Partner, Banking/Finance), Avner Finkelshtein (Antitrust), Yehonatan Raff  and Ariel Davis.

October 30th, 2017

Gornitzky represents Apax in the acquisition of 3M’s electronic monitoring business

Gornitzky represented Apax Partners in the acquisition of 3M’s (NYSE: MMM) electronic monitoring business.

Apax was represented by Partners Chaim Friedland, Elite Elkon, Yoram Arad and Yoni Raff, and by Assaf Harel, Avi Meer, Oded Uni, Sam Berkowitz and Liron Koren. The DD team also included Dan Fisher, Ori Sheinkman (Employment), Tigist Bayleyei Salomon (Real Estate), Daniel Reshef, Daniella Segal and Sharon Reingwirtz.

For more details on the transaction see the following Apax Press Release.

August 30th, 2016

Gornitzky represents SeaSpine in an agreement to acquire the assets of NTL Spine, an expandable interbody platform technologies company. In the acquisition, most of NTL Spine’s assets will be transferred to SeaSpine

Gornitzky together with DLA Piper represented SeaSpine in an agreement to acquire the assets of NTL Spine, an expandable interbody platform technologies company.

In the acquisition, most of NTL Spine’s assets will be transferred to SeaSpine. NLT Spine will receive an initial payment of USD 1 million and further payments in stock conditional upon meeting milestones, and altogether, stands to receive USD 5 million in milestone payments and up to USD 43 million in royalties. NTL Spine was founded by Dr. Tzony Siegal in 2006. It is a graduate of the Incentive incubator in Ariel, and among its later investors are Accelmed and Peregrine Ventures. NLT president and CEO Didier Toubia said that the company sees SeaSpine as the ideal partner to lead NTL’s innovative solutions in the market.

 

See full story in Globes

 

SeaSpine was represented by Chaim Friedland (partner). Yoni Raff, Avi Meer and Daniel Skald

September 16th, 2015

Gornitzky & Co. represented Fortissimo Capital Fund in its acquisition of Fishman Thermo Technologies LTD. Fishman is a leading manufacturer and supplier of cooling system products for the automotive industry.

Gornitzky & Co. represented Fortissimo Capital Fund in its acquisition of Fishman Thermo Technologies LTD from Tene for Investment F.E., Limited Partnership, Origo 1 Manof Fund, Limited Partnership, Origo 2 Manof Fund, Limited Partnership & Ilanit Cohen. Fishman is a leading manufacturer and supplier of cooling system products for the automotive industry.

Fortissimo Capital Fund was represented by Chaim Friedland (Partner, Corporate/M&A), Avner Finkelshtein (Partner, Antitrust), Yehonatan RafAvi Meer, Nir Knoll and Noa Schweitzer

November 19th, 2014

Gornitzky represented the underwriters, led by Jefferies and Cowen and Company, in the USD 45 million initial public offering of NeuroDerm Ltd. on the NASDAQ Global Market.

Gornitzky represented the underwriters, led by Jefferies and Cowen and Company, in the USD 45 million initial public offering of NeuroDerm Ltd. on the NASDAQ Global Market.


Jefferies and Cowen and Company acted as joint book-running managers for the offering. Oppenheimer & Co. and Roth Capital Partners acted as co-managers for the offering.

 

The underwriters were represented by Chaim Friedland (Partner), Ari Fried (Partner) and Yehonatan Raff.

October 29th, 2013

Gornitzky represented A.D.O. Group Ltd. in its acquisition of a EURO 98 million German residential real estate portfolio from British property fund manager Stenham.

Gornitzky represented A.D.O. Group Ltd. (TASE: ADO) of the Shikun & Binui Group (TASE: SKBN) in its acquisition of a EURO 98 million German residential real estate portfolio from British property fund manager Stenham for cash and shares in A.D.O. Group. The portfolio comprises 48 buildings in Berlin including approximately 1,150 residential units.


A.D.O. Group Ltd. was represented by Yair Shiloni (Partner), Dubi Gross (Partner) and Yehonatan Raff.

August 6th, 2013

Gornitzky represented TRAX Technology Solutions Pte Ltd. in finalizing a USD 6.6 million A-round financing agreement with one of Singapore's largest private equity funds.

Gornitzky represented TRAX Technology Solutions Pte Ltd. in finalizing a USD 6.6 million A-round financing agreement with one of Singapore's largest private equity funds. The terms of the agreement include the immediate cash infusion of USD 6.6 million, with an option for an additional USD 14 million (approximately) available over the next 18 months.

 

TRAX Technology Solutions Pte Ltd. is a leading provider of in-store auditing and shelf monitoring solutions for the fast moving consumer goods industry (FMCG).

 

TRAX was represented by Chaim Friedland (Partner), Yoram Arad (Partner) and Yehonatan Raff.

 

April 28th, 2013

Gornitzky represented Chinese conglomerate, Fosun International Ltd., in their acquisition of Alma Lasers Ltd. for approximately USD 240 million.

Gornitzky represented Chinese conglomerate, Fosun International Ltd. (HK: 656), in all legal aspects of their approximately USD 240 million acquisition of a 95.6% stake in Alma Lasers Ltd., a manufacturer of lasers used in cosmetic surgery. Alma Lasers was purchased by Fosun International's subsidiaries, Shanghai Fosun Pharmaceuticals (Group) Co. Ltd. and Chindex Medical Ltd., and its private equity fund, Pramerica-Fosun China Opportunity Fund.

 

Fosun International is the largest private-owned (non-governmental) conglomerate in Mainland China. This is Fosun International's first acquisition since its public offering on the Hong Kong Stock Exchange and its first ever investment outside of China.

 

Fosun International Ltd. was represented by Chaim Friedland (Partner, Corporate), Gil Grady (Partner, Tax), Dubi Gross (Partner, Corporate), Avner Finkelshtein (Antitrust), Gilad Lubinsky (Litigation), Michael Ayalon (Labor), Mirit Ber-Hoffman, Yehonatan Raff, Joanna Yanowsky and Yoav Meer.

December 10th, 2012

Gornitzky & Co. represented a group of investors in their investment in iMingle Ltd., an online Facebook application.

Gornitzky & Co. represented a group of investors in their investment in iMingle Ltd., an online Facebook application.

 

iMingle is the leading online live party and events application on Facebook, with over 6.5 million registered users.

 

The investors were represented by Chaim Friedland (Partner) and Yehonatan Raff.