News

| Private Equity & Venture Capital
August 13th, 2017

Gornitzky represents Fortissimo Capital Fund in its acquisition of Tuttnauer Co. Ltd. 

Gornitzky represented Fortissimo Capital Fund in its acquisition of Tuttnauer Co. Ltd. Since 1925, Tuttnauer has been and continues to operate as a leading manufacturer and supplier of autoclaves, washers and other sterilization applications and devices.

 

Fortissimo was represented by Chaim Friedland (Partner, Corporate/M&A), Idan Baki (Partner, Finance), Avner Finkelshtein (Partner, Antitrust), together with associates Yoav Meer, Alon Peled, Nir Knoll and Coral Leshez.

June 9th, 2017

Gornitzky represents Noy Fund in its NIS 120 million purchase of Tahal Group's shares.

Gornitzky represents Noy Fund, an Israeli infrastructure and energy investment fund, in the acquisition of Tahal Group's stake in the pumped-storage hydroelectricity project in Kochav Hayarden, for approximately NIS 120 million.

 

Noy Fund was represented by Partners Itay Geffen (Head of Infrastructure), Ronit Rozenstein-Barel and Amit Levy (Associate).

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 4th, 2015

Gornitzky represented Le Peigne in its investment in Taboola, as part of a consortium of investors in Taboola’s USD 117 million financing round. 

Gornitzky represented Le Peigne in its investment in Taboola, as part of a consortium of investors in Taboola’s USD 117 million financing round. Le Peigne is controlled by the Arnault Group, which also controls Christian Dior and LVMH Moet-Hennessy—Louis Vitton.

Taboola is a leading content discovery and marketing platform, serving over 130 billion recommendations to over 350 million unique visitors every month.

Le Peigne was represented by Chaim Friedland (Partner) and Yoav Meer.

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.

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 9th, 2013

Gornitzky represented Rutledge Vine Capital in its second equity investment in Getonic Ltd., a private company which developed a social-shop platform. 

Gornitzky represented Rutledge Vine Capital in its second equity investment in Getonic Ltd., a private company which developed a social-shop platform. Rutledge's investment in Getonic is its second investment in the company following an investment made in mid-2012, 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 world.

 

Rutledge was represented by Ari Fried (Partner).

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.

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.

March 12th, 2013

Gornitzky & Co. represented Profimex Ltd. in the acquisition of the Arlington Highlands shopping center in Texas, valued at USD 204 million. 

Gornitzky & Co. represented Profimex Ltd. in the acquisition of the Arlington Highlands shopping center in Texas, valued at USD 204 million. The tenants list includes over 100 national chains and leading retailers, such as Bed Bath & Beyond (NASDAQ: BBBY), Old Navy (a brand of Gap Inc., NYSE: GPS), Pet Smart (NASDAQ: PETM) and Starbucks (NASDAQ: SBUX).

 

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), Dr. Zvi Gabbay (Partner), Yisrael Spero (Partner) and Guy Avner.

February 14th, 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 marks its fourth investment in Israel represented by Gornitzky.


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


Rutledge was represented by Mr. Ari Fried (Partner) and Mr. Yoav Meer.

December 31st, 2012

Throughout the course of 2012, Gornitzky & Co. represented Profimex Ltd. in a series of 12 syndicated investments in real estate properties across the United States and the UK with a total value of USD 900 million.

Throughout the course of 2012, Gornitzky & Co. represented Profimex Ltd. in a series of 12 syndicated investments in real estate properties across the United States and the UK with a total value of USD 900 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), Dr. Zvi Gabbay (Partner), Yisrael Spero and Guy Avner.

May 2nd, 2012

Gornitzky & Co. represented Profimex Ltd. in its USD 17.5 million investment in the Hawthorne Center, a commercial complex in Cincinnati, Ohio, the majority of which is leased out to Coca-Cola Refreshment USA, Inc.

Gornitzky & Co. represented Profimex Ltd. in its USD 17.5 million investment in the Hawthorne Center, a commercial complex in Cincinnati, Ohio. The property serves, inter alia, as the regional marketing center of Coca Cola Refreshment USA, Inc.

 

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), Dr. Zvi Gabbay (Partner), Yisrael Spero and Guy Avner.

July 30th, 2017

Gornitzky represents Priority in its acquisition of Monitin Information Systems' ERP operations.

Gornitzky represented Priority Software in its acquisition of the entire ERP operations of Monitin Information Systems, a long-standing ERP developer and implementor for numerous Israeli corporations.

 

Priority is a portfolio company of Fortissimo Capital, a prominent Israeli private equity fund and this is its third acquisition in recent months represented by our firm.

 

We congratulate Priority on its continued expansion in Israel and abroad.

 

Priority was represented by Sagit Amit Evan (Senior Associate), Eitan Mor (Associate), Daniel Reshef (Associate) and Ori Sheinkman (Associate).

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.

 

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.

January 15th, 2015

Gornitzky represented Le Peigne in its investment in Moovit, as part of a consortium of investors in Moovit’s USD 50 million financing round. 

Gornitzky represented Le Peigne in its investment in Moovit, as part of a consortium of investors in Moovit’s USD 50 million financing round. Le Peigne is controlled by the Arnault Group, which also controls Christian Dior and LVMH Moet-Hennessy—Louis Vitton. 

 

Moovit is a mobile application that enables users to track information on public transport. 

 

Le Peigne was represented by Chaim Friedland (Partner) and Yoav Meer.

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.

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 9th, 2013

Gornitzky represented Rutledge Vine Capital in its second equity investment in Getonic Ltd., a private company which developed a social-shop platform. 

Gornitzky represented Rutledge Vine Capital in its second equity investment in Getonic Ltd., a private company which developed a social-shop platform. Rutledge's investment in Getonic is its second investment in the company following an investment made in mid-2012, 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 world.

 

Rutledge was represented by Ari Fried (Partner).

May 8th, 2013

Gornitzky represented an international consortium of investors in the acquisition of a controlling stake in Carmel Winery, valued at NIS 130 million.

Gornitzky represented an international consortium of investors in the acquisition of a controlling stake in Carmel Winery. The winery, valued at NIS 130 million, is Israel’s oldest and largest commercial winery, founded in 1882 by Baron Edmond de Rothschild.

 

The purchasing consortium was organized by Kedma Capital, a private equity fund, and is comprised of both Israeli and foreign investors, including the Jesselson family.

The investors were represented by Chaim Friedland (Partner), Yisrael Spero (Partner), Avner Finkelshtein and Yoav Meer.

April 18th, 2013

Gornitzky represented Tene Investment Funds, a private equity firm, in the USD 168 million sale of its holdings in Caesarstone Sdot-Yam Ltd. (Nasdaq: CSTE) in an underwritten follow-on offering. 

Gornitzky represented Tene Investment Funds, a private equity firm, in the USD 168 million sale of its holdings in Caesarstone Sdot-Yam Ltd. (Nasdaq: CSTE) in an underwritten follow-on offering.

 

J.P. Morgan Securities LLC, Barclays Capital Inc. and Credit Suisse Securities (USA) LLC served as the joint bookrunning managers for the offering, and Stifel, Nicolaus & Company, Incorporated and Robert W. Baird & Co. Incorporated served as the co-managers for the offering.

 

The representation of Tene Investment Funds was led by Chaim Friedland (Partner) and Ari Fried (Partner).

 

February 27th, 2013

Gornitzky & Co. represented Fattal Group in their NIS 1.5 billion purchase of 20 hotels in Germany - one of the largest hotels deals in Europe in recent years.

Gornitzky & Co. represented Fattal Group in their NIS 1.5 billion purchase of 20 hotels in Germany - one of the largest hotels deals in Europe in recent years.

 

Fattal Group, together with a consortium of international investors, signed an agreement to acquire from Goldman Sachs the entire share capital of the Queens Moat Houses (Germany) Holding GmbH, which maintains a portfolio of the 20 hotels.

 

Fattal Group was represented by Mr. Jack Smith (Partner), Mr. Dubi Gross (partner), Ms. Shiri Shani (Partner) and Mr. Yisrael Spero (Partner).

January 7th, 2013

Gornitzky & Co. represented Profimex Ltd. in their USD 29 million acquisition of real estate in Columbus, Ohio, wholly leased to DSW (NYSE: DSW) - a leading branded footwear retailer in the United States.

Gornitzky & Co. represented Profimex Ltd. in their USD 29 million acquisition of real estate in Columbus, Ohio, wholly leased to DSW (NYSE: DSW) - a leading branded footwear retailer in the United States. The property has been leased through a long-term contract with built-in rent increases and is subleased to the State of Ohio Department of Taxation.

 

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), Dr. Zvi Gabbay (Partner), Yisrael Spero (Partner) and Guy Avner.

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.

December 21st, 2011

Gornitzky represented Cabaret Security Ltd. and Arba One Inc., two of the main selling shareholders in the $40 million financing of Cyber-Ark Software Ltd.

Gornitzky represented Cabaret Security Ltd. and Arba One Inc., two of the main selling shareholders in the $40 million financing of Cyber-Ark Software Ltd.

 

The transaction involved a USD 40 million joint investment in Cyber-Ark by JVP (one of Israel's prominent VC funds) and Goldman Sachs, in a combination of a primary (issuance) and secondary (purchase from existing shareholders) stock transaction.

 

As of the closing of the financing round, Cyber-Ark's shareholders are JVP, Vertex Venture Capital, Goldman Sachs, JPMorgan Chase Partners, Cabaret Security Ltd. and Arba One Inc., Softbank Ltd. affiliate Seed Capital Partners, and Nochi Dankner-controlled IDB Development Corp. Ltd.

 

The team handling the representation included Chaim Friedland (Partner), Avner Finkelshtein and Yisrael Spero.