News| Samuel Berkowitz
Gornitzky represents Fattal Group in a transaction for the purchase of 36 hotels in England, Scotland and Ireland.
Gornitzky represented Fattal Group in a joint transaction with a Swedish partner that operates 120 hotels in Northern Europe for the acquisition of the management and rental rights of 36 hotels in Jurys Inn in England, Scotland and Ireland for a period of 25 years. The total consideration of the transaction is £ 800 million and Fattal's share is £ 120 million.
This is the largest transaction for the purchase of hotels ever made by an Israeli company in Europe, and includes a complex series of multi-stage agreements, including finance agreements (with international and Israeli financiers), management and rental agreements and a framework agreement with the partner, inter-alia, in order to obtain the desired structure and distribution of the portfolio.
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)
Gornitzky represents Fattal Group in the sale and lease back of a portfolio of 18 hotels in Germany, valued at EUR 400 million
Gornitzky successfully represented Fattal Group in a sale and lease back transaction, of a portfolio of 18 hotels located in 12 cities in Germany, valued at EUR 400 million. The purchaser and lessor is Pandox Hotels, a leading Swedish hotel owner listed on the Stockholm Exchange.
Concurrent to the sale Fattal Group has signed a long term lease agreement with regards to the hotels that were sold.
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.
Gornitzky will be sponsoring and presenting at a luncheon of the Israel-Australia Chamber of Commerce to welcome an Australian trade delegation, Premier of NSW on 7 April 2016.
Gornitzky will be sponsoring and presenting at a luncheon of the Israel-Australia Chamber of Commerce to welcome an Australian trade delegation headed by the Hon. Mr. Mike Baird, Premier of NSW on 7 April 2016. The delegation represents the first ever visit to Israel by the Premier of NSW to Israel, underscoring the growing ties between Israel and Australia. The event will be attended by senior Australian and Israel business, banking and industry representatives. The event will be covered by both Australian and Israeli media outlets.
Gornitzky represented Fattal Hotels Ltd. in the purchase of 63% of the partnership interests in Fattal Hotels Fund L.P.
Gornitzky represented Fattal Hotels Ltd. in the purchase of 63% of the partnership interests in Fattal Hotels Fund L.P. Fattal Hotels Fund currently holds 18 hotels across Europe, including Germany, Belgium and Switzerland. The transaction reflects an aggregate value of €200 million to the portfolio.