Herzog Fox & Neeman Represents PepsiCo in SodaStream Acquisition

Herzog Fox & Neeman represented American beverage giant, PepsiCo, Inc., in their acquisition of SodaStream International Ltd. for $3.2bn. PepsiCo were represented by Yair Geva, Aviram Hazak, Guy Katz, Maayan Hammer-Tzeelon, Ehab Farah, Eti Portook and Michal Herzfeld. Read more about the transaction here.

Janet Levy Pahima Named in 21 Women Changing the Face of Israeli Hi-Tech

Israeli news outlet, The Marker, has named Janet Levy Pahima, Herzog Fox & Neeman’s Head of Mergers & Acquisitions, in their piece on 21 women changing the face of Israeli hi-tech. Janet, crowned the “Exit Architect” by The Marker, has represented the likes of GE and Microsoft in countless international transactions for over two decades. Click here for […]

Dr. Nimrod Kozlovski on Google’s 20th Anniversary

“All of a sudden, anything you ever wanted to know is there, at the touch of a button“.  So says Dr. Nimrod Kozlovski, Head of Technology and Regulation, in an interview with Kan 11 on twenty years since Google changed our lives forever. Watch the full story here (in Hebrew).

Herzog Fox & Neeman Represents Foamix in Follow-On Offering

Herzog Fox & Neeman acted as company counsel for Foamix Pharmaceuticals Ltd. (NASDAQ: FOMX), an Israeli clinical-stage specialty pharmaceutical company, in a follow-on underwritten public offering yielding gross proceeds totalling USD 70 million. Merrill Lynch, Pierce, Fenner & Smith Incorporated, Cowen and Company, LLC, Barclays Capital Inc. acted as joint book-running managers for the offering, […]

Herzog Fox & Neeman Represents Tapingo in Sale to Grubhub

Herzog Fox & Neeman represented Israeli food-delivery app, Tapingo, in its acquisition by Grubhub, online and mobile food-ordering and delivery marketplace, valued at USD 150 million. Tapingo were represented by Yair Geva, Aviram Hazak, Shachar Porat, Ehab Farah, Oren Kedmi and Helena Malinowski. Read more here.

Herzog Fox & Neeman Represents Forter in Series D Funding Round

Herzog Fox & Neeman’s Yair Geva, Yael Hauser and David Adler represented Forter raising USD 50 million in a series D funding round led by March Capital Partners, bringing its total financing to USD 100 million. In the thriving market of fraud-prevention for e-commerce, Forter, whose client-base includes Fortune 500 companies such as Nordstrom, uses machine-based learning algorithms to prevent […]

Starhome Mach Snapped Up By Vista Equity Partners

Herzog Fox & Neeman represented Vista in acquisition of Fortissimo’s solutions firm, Starhome Mach.  Starhome enables seamless, secure roaming and Internet of Things connectivity and was bought by Vista Equity Partners Management, a U.S. investment firm. The deal was led by Adina Shapiro with Eyal Safrai, Shachar Porat, Ehab Farah, Yuval Navot, Ofer Granot‏,  Adar Bengom (Ortal), Galia Kleinman, Anna Landau and Adina Rabinowicz. Click here for more.

Herzog Fox & Neeman Represents Perforce in $200m Perfecto Acquisition

Herzog Fox & Neeman’s Hi-Tech Department represented Perforce in its USD 200 million acquisition of Perfecto, experts in mobile quality assurance. The deal was led by Hanan Haviv, Gilad Majerowicz, Moria Tam-Harshoshanim, Shachar Porat, Ofer Granot, Zvika Friedman, Lior Lederman and Moshe Saado Zada. Click here for more.

Team8’s Sygnia bought by Singaporean Temasek

In one of the biggest and most successful exits in Israeli tech history, cybersecurity start-up, Sygnia, founded in 2015 by Team8, was bought out by Singaporean investment house, Temasek. Sygnia was advised by Herzog Fox & Neeman’s Yair Geva, Tomer Farkash and Aviram Hazak. Click here to read more.

Herzog Fox & Neeman Advises Linse Capital Through Investment in Valens

Herzog Fox & Neeman advised Linse Capital in a $63 million investment in Hod HaSharon-based Valens. Linse was advised by Hanan Haviv, Rafael Herbst, Boaz Fachler, Dana Zur Neumann, Ehab Farah, Hagit Oren, Jonathan Kahana, Shachar Porat and Yuval Navot. For more, click here.

The Start-Up’s Worst Nightmare: Precedential US Ruling on Exits

In a precedential ruling, a Delaware Court has allowed Fresenius to withdraw from a $4.75 billion acquisition of Acorn Pharmaceuticals in light of a substantial change in the business structure. The ruling may affect the purchase agreements of Israeli start-ups by American companies. Until recently, the counter-clause in M​&A transactions was considered a dead letter […]

Herzog Fox & Neeman Represents CodeMonkey Studio Inc. in Buy-Out

Herzog Fox & Neeman represented CodeMonkey Studio Inc. in their acquisition by TAL Education Group.  CodeMonkey’s specialty is game-like computer programming tutorials for children and is already widely used in Asia, Europe, and South America. CodeMonkey was represented by Herzog Fox & Neeman’s Hi-Tech team, Yair Geva, Yuval Zilber and Miri Wang. Click here for more.

Herzog Fox & Neeman Represents Entera Bio in $270m Amgen Licensing Deal

Herzog Fox & Neeman Partners Yair Geva, Tomer Farkash, Dan Sharot, and Ofer Granot, together with Associate Michal Shirin,  represented Israeli biopharmaceutical company Entera Bio in a $270 million research collaboration and licensing agreement deal with California-based, biopharmaceutical company Amgen Inc. Entera will use its proprietary drug delivery platform to develop oral formulations for one preclinical large molecule program that  Amgen  has […]

Herzog Fox & Neeman Represents AlphaOmega in JV with GIBF

Herzog Fox & Neeman represented Nazareth-based AlphaOmega, creators and manufacturers of brain-stimulation devices for surgery in a $7 million JV with GIBF (Guangzhou Sino-Israel Biotech Investment Fund). AlphaOmega was represented by Adina Shapiro and Dan Sharot. Click here to read more.

Herzog Fox & Neeman Represents ParagonEx in Deal with BNN Technology and MICT Inc.

Herzog, Fox & Neeman acted for ParagonEx Ltd., a BVI company engaged in development and supply of software platforms and services for online trading in contracts-for-difference and foreign currencies, in a three-way business combination with BNN Technology Plc, a private UK company engaged in development and supply of technology, content and services to distributors of […]

Client Update | Change of a Business Model in Multinational Groups

This is an important update for multinational groups with business activities or affiliates in Israel, and is particularly relevant for groups contemplating a change of their business model affecting Israeli subsidiaries or the purchase of an Israeli company. Click here for the full update.

Client Update | Towards a reform in Competition Law

This update concerns two significant and inter-related steps recently taken by the Israeli Antitrust Commissioner intended to reduce the regulatory burden and allow parties to move forward towards a regime based on self-assessment rather than regulatory permits. The first is the amendment of two block exemptions – Restrictive Trade Practices Rules (block exemption for Joint Ventures) […]

Client Update | Importer’s Obligation to Complete an Electronic Affidavit for Each Supplier: Significance and Implications

As of January 2018, the Israeli Tax Authority (hereinafter: “the ITA”) has replaced the Custom Administration’s foreign trade system with a new system called “Global Gate”. From November 1, 2018, importers are now required to complete an electronic affidavit for each supplier with respect to their relationship. It should be emphasised that completion of the […]

Client Update | Collection of Names and Email Addresses Constitutes a “Database”

On November 28, 2018 the Protection of Privacy Authority (the “PPA“) issued a statement of opinion reflecting its position, according to which a list of names and email addresses constitutes a “database” as defined under the Protection of Privacy Law, 1981  (the “Law”).  In its statement, the PPA determines that although the Law excludes a […]

Technology & Regulation Updates November 2018

We are pleased to present the latest edition of our monthly Technology & Regulation Client Update, which includes a variety of notable regulatory and industry compliance developments in the fields of personal data protection, cybersecurity, digital advertising and content regulations, internet platform compliance policies and more. These include the following: The new EU regulatory Guidelines on […]

Client Update | New ITA Circular | Performance-based Vesting of Employee Equity Awards

**IMPORTANT CLARIFICATION** Further to our earlier client update and following recent publications in the Israeli news alleging a wide interpretation of the circular published by the ITA, we would like to clarify that the circular applies to equity awards which vest only upon a IPO or “exit” event or are only exercisable upon a IPO or […]

Client Update | New Notice of the Israel Tax Authority Regarding Stock Based Compensation: Amendment of Tax Returns following the Supreme Court Ruling in the Kontera and Finisar Cases

On December 16, 2018, the Israel Tax Authority (the “ITA”) published a notice that companies remunerated under the Transaction Net Margin Method, on a cost-plus basis, that did not include stock based compensation charges (“SBC”) in their cost-base must file amended tax returns. Click here for the full update.

Technology & Regulation Updates December 2018

2018, which is almost over, can be characterised by the numerous, significant regulatory developments the industry has seen. We are pleased to present the latest edition of our monthly Technology & Regulation Client Update, which includes a variety of key regulatory, legal and industry compliance developments in the fields of personal data protection, cybersecurity; digital […]

Client Update | Major Competition Law Reform in Israel Passed by Fast-Track- Legislation

In a fast-track legislation procedure, taken in light of the coming elections, the Israeli parliament (the Knesset), passed a major reform to Israeli competition law (the “New Legislation”). The reform includes a long-awaited relaxation of merger filing thresholds, a major change in abuse of dominance provisions, enhancement of enforcement, including with regard to company officers, […]