Our firm represented Bank Leumi in a major transaction with Apax Partners to provide a loan facility exceeding NIS 1 billion, along with an additional credit facility totaling over NIS 1.2 billion, to finance the acquisition of the company that owns the “Yad2” platform. The transaction entailed complex financial covenants, an extensive collateral package (both domestic and foreign), foreign legal opinions, and a unique closing mechanism under which most of the funding was released to the borrower several days prior to completion of the acquisition against guarantees issued by several foreign funds within the Apax Group.
September 02, 2026
