Mind-Splitting Transaction
28 August 2023
We are pleased to announce that Motive Partners, a fintech private equity firm, has committed US$50 million to Splitit Payments Limited, an Israeli company publicly traded on the ASX.
Mind-splitting for its innovative nature – a two stage major investment, coupled with a going private merger from Israel to the Cayman Islands! This is a great boost and vote of confidence in our client in difficult market conditions for raising capital. Congratulations to the parties and the Splitit team.
The transaction was led by the co-head of our Corporate and Securities Department, Nir Dash, along with the department’s partner Erez Abu, associates Ohad Graub, Nesimyan Adawi, and Dana Qaq and intern Maya Mazaltov, with close support from our tax partners Dr. Ehab Farah and Efrat Kesler Kadmon.