Media Centre

Herzog represented Essence Partners

4 September 2023

Our team represented Essence Partners, one of Israel’s leading infrastructure investment funds, controlled by the Weil family, and part of the controlling group of Tomer Energy Royalties (2012) LTD (“Tomer”) (also acting on behalf of the other group members), in multiple aspects of a complex transaction for the purpose of taking private Alon Gaz Energy Development Ltd (“Alon”) along side Noy funds and purchase of control over Tomer. for this purpose, Noy and Essence launched and completed a successful tender offer for taking Alon Gaz private, and following on, executed share transaction in which the controlling shareholders of Tomer increased their holdings in Alon and Alon purchased the control over Tomer, all accompanied by our team. In parallel to negotiating and executing the transaction above, our team has also represented Essence in a complex funding transaction with Bank Hamizrahi for the purpose of funding the transactions above. The transaction involved various law aspects, demanding unique knowledge in capital markets, M&A and corporate laws.

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