News

| Avi Meer
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

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.

April 5th, 2017

Gornitzky represents Mobile operator Golan Telecom, which was acquired by Electra Consumer Products (ECP) for NIS 350 million.

Upon receiving all necessary regulatory approvals, the acquisition of Golan Telecom by ECP for NIS 350 million has been completed. The deal was signed at the start of January 2017, and upon completion of ECP's due diligence and receipt of all regulatory approvals, the deal was consummated with ECP acquiring control of Golan Telecom.


Golan Telecom and its shareholders were represented by Chaim Friedland (Partner, Corporate), Lior Porat (Partner, Telecoms), Avner Finkelshtein (Partner, Antitrust), together with Avi Meer, Asaf Avtuvi and Noa Schweitzer.

 

January 19th, 2017

Gornitzky represented the sole investor in a USD 2 million venture investment in a healthcare startup.

Gornitzky represented the sole investor in a USD 2 million venture investment in a healthcare startup.

 

The investor was represented by Ori Yitzhak (Partner) and Avi Meer.

 

August 22nd, 2016

Gornitzky represents the Delek Group in the NIS 1.95 billion sale of their controlling stake in The Phoenix Holdings Ltd. to Fujian Yango Group Co.

Gornitzky represents the Israeli conglomerate Delek Group (DLEKG:TASE) in the NIS 1.95 billion sale of their controlling stake in The Phoenix Holdings Ltd. (PHOE1:TASE), the holding company of one of Israel's largest insurance companies and one of the country's largest investment houses (Excellence), to Fujian Yango Group Co., Ltd., the largest privately-owned conglomerate in mainland China.
This deal is the first major sale since the Committee on Increasing Competitiveness in the Israeli Economy resolved that control holders cannot hold both large financial and large non-financial companies simultaneously. This will also be the first time that a Chinese company purchases such a highly regulated asset in Israel. The closing of the transaction is subject to obtaining the relevant permits.

 

See full story in Reuters

 

Delek Group is represented by Pinhas Rubin (Firm Chairman), Elite Elkon (Partner), Ori Yitzhak (Partner) and Avi Meer.

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).

November 18th, 2015

Gornitzky represented the underwriters, led by Jefferies and Barclays, in Alcobra Ltd.’s USD 40 million offering of shares on the NASDAQ Global Market. 

Gornitzky represented the underwriters, led by Jefferies and Barclays, in Alcobra Ltd.’s USD 40 million offering of shares on the NASDAQ Global Market. Alcobra is an emerging pharmaceutical company primarily focused on the development and commercialization of a proprietary drug candidate, MDX, to treat cognitive disorders including Attention Deficit Hyperactivity Disorder (ADHD) and Fragile X

Syndrome (FXS).

 

Jefferies and Barclays acted as joint book-running managers for the offering. Oppenheimer, Roth Capital and Cantor Fitzgerald acted as co-managers for the offering

 

The underwriters were represented by Chaim Friedland (Partner), Ari Fried (Partner) and Avi Meer.

June 24th, 2015

Gornitzky is representing Delek Group Ltd. in the sale of their controlling stake in Phoenix Holdings Ltd. to an affiliate of Fosun International Limited, the largest privately-owned conglomerate in Mainland China.

Gornitzky is representing Delek Group Ltd. in the sale of their controlling stake in Phoenix Holdings Ltd., which holds one of Israel's leading insurance companies (The Phoenix) and one of Israel’s largest investment houses (Excellence), to an affiliate of Fosun International Limited, the largest privately-owned conglomerate in Mainland China. This is the first time that a Chinese-owned company is purchasing a highly regulated financial institution in Israel. 

 

Delek Group is represented by Pinhas Rubin (Firm Chairman), Elite Elkon May-Tal (Partner), Ori Yitzhak, Avi Meer and Ady Abrams.

August 31st, 2014

Gornitzky represented 3D Systems Inc. in the USD 120 million cash acquisition of Simbionix.

Gornitzky represented 3D Systems Inc. in the USD 120 million cash acquisition of Simbionix USA Corp., a developer of 3D virtual reality simulation systems for training doctors to conduct complex surgical and treatment procedures.

 

3D Systems Inc. (NYSE: DDD) was represented by Chaim Friedland (Partner), Daniel Paserman (Partner, Tax), Avi Meer and Danielle Skald.

July 1st, 2013

Recently, Gornitzky & Co. welcomed a new partner to its ranks, Mr. Avner Finkelshtein. Also to join the firm, are nine new associates.

Recently, Gornitzky & Co. welcomed a new partner to its ranks, Avner Finkelshtein. Also to join the firm, are nine new associates.

 

Mr. Finkelshtein joined the firm as an associate in 2011, after serving as Deputy Director and legal counsel of the Investigations Department at the Israel Antitrust Authority. He specializes in a wide variety of competition law matters, such as mergers and acquisitions, criminal cartel investigations, joint ventures, abuse of dominance, distribution and pricing practices and other legislations governing foreign investments in Israel.

Gornitzky & Co. has also welcomed nine new associates to its ranks, including Sagit Amit-Evan,  Avi Meer, Danna Parnes, Gilad Rosen (CPA) and Nurit Lifshitz. Also to join the firm - Liron Gilor, Nimrod Saville, Moran Shanni and Eyal Rivner, who have recently completed their legal clerkship.

June 8th, 2013

Gornitzky & Co. represented Profimex Ltd. in its investment in a portfolio of two neighboring core-plus real estate properties in Newton, Massachusetts, valued at USD 49 million.  

Gornitzky & Co. represented Profimex Ltd. in its investment in a portfolio of two neighboring core-plus real estate properties in Newton, Massachusetts, valued at USD 49 million. 

 

Profimex Ltd. is a global real estate and renewable energy investment firm that serves as a premier provider of global real estate investment opportunities for high net worth individuals and institutional investors, and organizes joint investment schemes with foreign investors in each local jurisdiction.

 

Profimex Ltd. is represented by Daniel Paserman (Partner), Yisrael Spero (Partner) and Avi Meer.

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.

September 19th, 2017

Gornitzky represents Delek Group in the sale of the Phoenix shares.

Gornitzky represented Delek Group Ltd. in a transaction for the sale of 4.9% of the share capital of the Phoenix Holdings Ltd., and for the grant of an option to the buyer to acquire the remaining shares held by Delek Group (totaling 52.25%) and thus control of the company. The aggregate consideration payable upon the sale of 4.9% and the exercise of the option equals approximately NIS 2.5 billion. The Phoenix Holdings holds the Phoenix Insurance Company, one of Israel's largest insurance companies, and Excellence, one of Israel's largest investment houses.

 

Delek Group was represented by Pinhas Rubin (Head of the Firm), Elite Elkon (Partner), Ori Yitzhak (Partner), together with Avi Meer and Alon Peled (Associates).

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 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

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 16th, 2016

Gornitzky represented the sole investor in a USD 2 million venture investment in a healthcare startup.

Gornitzky represented the sole investor in a USD 2 million venture investment in a healthcare startup.

The investor was represented by Ori Yitzhak (Partner, Corporate/M&A), Gil Grady (Partner, Tax) and Avi Meer.


The investment was the investor’s second investment in the startup following the startup’s USD 3 million Series A round in August 2013. Gornitzky (Yisrael Spero (Partner, Corporate M&A) and Avi Meer) represented the investor in the Series A round.

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

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.

April 2nd, 2014

Gornitzky represented Altria Group Inc. in its acquisition of Green Smoke Inc., an electronic cigarette business, for USD 110 million and up to USD 20 million in incentive payments.

Gornitzky represented Altria Group Inc. (NYSE: MO) in its acquisition of Green Smoke Inc., an electronic cigarette business, and its affiliates. Altria, which owns the top U.S. cigarette maker, Philip Morris USA, has purchased Green Smoke for USD 110 million and up to USD 20 million in incentive payments.

 

Altria Group Inc. was represented by Chaim Friedland (Partner, Corporate M&A), Yoram Arad (Partner, High-Tech), Ari Fried (Partner, Corporate M&A), Idan Baki (Partner, Finance), Michael Ayalon (Partner, Labor), Dafna Michalevich-Bacharach (High-Tech), Avi Meer (Corporate) and Joanna Yanowsky (Labor).

June 12th, 2013

Gornitzky & Co. represented Profimex Ltd. in its investment in a multifamily community known as Cabot Crossing Apartment in Lowell, Massachusetts, valued at USD 20.3 million.  

Gornitzky & Co. represented Profimex Ltd. in its investment in a multifamily community known as Cabot Crossing Apartment in Lowell, Massachusetts, valued at USD 20.3 million. 

 

Profimex Ltd. is a global real estate and renewable energy investment firm that serves as a premier provider of global real estate investment opportunities for High Net Worth Individuals and institutional investors, and organizes joint investment schemes with foreign investors in each local jurisdiction.

 

Profimex Ltd. is represented by Daniel Paserman (Partner), Yisrael Spero (Partner) and Avi Meer.

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.