Corporate
Capital Markets & Securities
Our Capital Markets & Securities department is the largest and most prominent department in Israel and has been consistently involved in the most significant, complex and ground-breaking deals in Israel. The department is recognised as a leader in both international and domestic guides.
Our team's in-depth knowledge and experience in this field allows us to provide creative legal advice to address our clients’ specific needs. Moreover, our deep connections with regulators and authorities in Israel as well as familiarity with the U.S., European markets, enable us to find innovative solutions in a highly regulated and complex environment.
Our team is well known across the Israeli market as the team of choice for complex capital markets advice, and has successfully negotiated some of the largest and most complex administrative-enforcement settlements between Israeli companies and the Israeli Securities Authority ("ISA"). We specialise in all aspects of capital and debt funding and have special expertise in securities-related transactions. We are experts in advising on public equity and debt offerings, corporate finance transactions, asset management activity, as well as on ongoing activities, reporting and regulatory requirements, investment banking and more.
Our department principally provides advice in the following areas:
- Publicly-Traded Companies and Public and Private Issuances of Securities – advising on public offerings (equity and debt) and private placements of securities globally, in various Stock Exchanges (e.g. the Tel Aviv Stock Exchange, New York Stock Exchange, NASDAQ, London Stock Exchange, AIM, Singapore Exchange and more).
- Ongoing Advice to Publicly-Traded Companies – advising on ongoing activities, reporting requirements and other regulated matters such as: M&A, finance or bond transactions, partnership and joint-venture ongoing advisory services, shareholder agreements, voting agreements, advising management, board and independent committees, advising on officer service agreements and compensation, compensation policies, option plans and agreements, change of control agreements (including during proxy fights), anti-takeover measures and minority protectionissues
- Alternative Investment Practice – advising in this regard includes "out of the box", unique, and unprecedented public offering structures, discussions with the ISA and preparation of public offering prospectuses.
- Asset Management – assisting entities in their investments, capital market-related activity and in adapting their internal work procedures to comply with the ever-changing regulatory requirements. We advise on issues concerning provident funds, mutual funds, portfolio management, stock-exchange members’ activity, ETFs and underwriting, distribution of traded securities and insurance agencies' activity.
- Regulatory Advice on Corporate and Securities Matters – advising on regulatory requirements, market customs and Fintech products offerings for transactions, general investment matters, ongoing activity of provident fund and mutual fund managers as well as portfolio management issues.
- Private Investment Funds, Foreign Stock Exchanges and Online Financial Platforms – advising international regulators (such as FCA, SEC, etc.) with respect to their entrance into activity in Israel.
- Advising on cross-border investment management, investment banking and securities brokering, as well as the regulatory and licensing implications of cross-border services.
- Social Finance & Crowdfunding
- Anti-takeover measures and strategic investors – including advice on dealing with activist shareholders, hostile takeovers and similar issues. Our department is a pioneer in this field, advising on ground-breaking issues which have not yet been brought to courts in Israel.
- The Israeli Anti-Concentration Law – advising entities and high net worth individuals and families by analysing the applicability of the Anti-Concentration Law on a case-by-case basis, in order to provide a "tailor-made" solution for the client, including with respect to cross-holding issues.
- Trading platforms, stock exchanges and distribution of financial assets – advising international and Israeli trading platforms and stock exchanges in various unique fields related to their activities, with respect to both regulatory issues and business-legal issues. The team also provides regulatory advice to worldwide leading investment houses, investment marketers, portfolio managers, investment advisors, local distributors, numerous private funds, international banks and other financial institutions in various issues related to public offerings and investment advice, including in connection with global funds.
- Prime Services, Equities – advising foreign financial institutions in relation to settlement/payment systems and custodian and clearing arrangements on the TASE and TACH, both in their capacity as market traders and as prospective members of the TASE.
Capital Markets & Securities News & Insights
Congratulations to our long-standing client NeoGames for the completion of their sale to Aristocrat Leisure, for a consideration of approximately
neogames – Congratulations on completing the sale to Aristocrat for $1.2B!
Congratulations to our client, Oddity Tech Ltd., owner of the makeup brand, Il Makiage, and the haircare and skincare brand,
Secondary Public Offering on Nasdaq by ODDITY TECH LTD.
We had great pleasure assisting Nayax Ltd. in its $93 million NASDAQ follow-on offering. At times when few companies float
Nayax closed $93 Million offering
Herzog acted as Israeli counsel to REE Automotive Ltd. (Nasdaq: REE) in its underwritten follow-on offering of their shares on
REE Automotive Nasdaq Offering
Dear Clients, We would like to bring to your attention that in a document published on the Israel Securities
Small and Medium-Sized Corporations Financing Channels for Market Consultation
A secondary offering of the Tel-Aviv Stock Exchang. We were very proud to have assisted Jefferies as the Sole Global
Herzog acted as Israeli counsel to Jefferies as the Global Coordinator in an international secondary offering by the Tel-Aviv Stock Exchange
The first IPO of 2024 (and one of the few IPOs in the past year) was completed! Our corporate and
53 million NIS was raised in the Meitav Trade IPO
It was our pleasure to represent Sun Pharmaceutical Industries Limited (SUN.NS), in its acquisition of the minority interest in Taro
We represented Sun Pharma in the acquisition of the minority interest in Taro
Our team is looking forward to 2024, and we are confident that our new partners, the majority of whom are
We are happy to introduce our new partners
We are delighted to announce that in this year’s BDICode ranking, we are ranked in the top-tier in no less
Herzog is ranked by BDi Code as the top tier in 38 practice areas for 2023
Our team represented Essence Partners, one of Israel’s leading infrastructure investment funds, controlled by the Weil family, and part of
Herzog represented Essence Partners
Nir Dash
Partner
Capital Markets & Securities, Corporate, Mergers & Acquisitions, Privatisation & Restructuring
Ran Hai
Partner
Capital Markets & Securities, Commercial, Corporate, Gaming, Hi Tech, Internet & E-commerce, Mergers & Acquisitions
Adi Yehezkel-Yaffe
Partner
Capital Markets & Securities, Commercial, Corporate, Real Estate, White Collar
Ayelet Regavim Kahanov
Partner
Banking & Finance, Capital Markets & Securities, Corporate, Financial Regulation
Joshua Ravitz
Partner
Capital Markets & Securities, Corporate, Litigation & Disputes, Mergers & Acquisitions
Liat Maidler
Partner
Banking & Finance, Capital Markets & Securities, Corporate, Financial Regulation
Ohad Graub
Partner
Capital Markets & Securities, Commercial, Corporate, Financial Regulation, Mergers & Acquisitions
Ory Nacht
Partner
Capital Markets & Securities, Commercial, Corporate, Hi Tech, Mergers & Acquisitions
Ron Ben-Menachem
Partner
Capital Markets & Securities, Corporate, Corporate Finance, Mergers & Acquisitions, Telecom & Media
Tamar Maoz
Partner
Capital Markets & Securities, Commercial, Corporate, Labour & Employment Law, Mergers & Acquisitions, White Collar
Tom Waltner
Partner
Banking & Finance, Capital Markets & Securities, Corporate, Financial Regulation, Insurance
Aviv Amar
Associate
Banking & Finance, Capital Markets & Securities, Commercial, Corporate, Financial Regulation
Daniel Kaczelnik
Associate
Banking & Finance, Capital Markets & Securities, Corporate, Financial Regulation
Danielle Offer
Associate
Capital Markets & Securities, Corporate, Financial Regulation, Mergers & Acquisitions
David Azimov
Associate
Capital Markets & Securities, Commercial, Corporate, Hi Tech, Investment Funds & Private Equity, Mergers & Acquisitions
Maria Oren Leyfer
Associate
Arbitration & ADR, Capital Markets & Securities, Commercial Litigation, Corporate, Corporate & Securities Litigation, Crisis Management, Litigation, White Collar
Matan Amoyal
Associate
Banking & Finance, Banking Regulation, Capital Markets & Securities, Corporate Finance, Derivatives & Structured Products
Or Hoffer
Associate
Capital Markets & Securities, Corporate, Financial Regulation, Mergers & Acquisitions
Yahya Qaq
Associate
Capital Markets & Securities, Corporate, Investment Funds & Private Equity, Mergers & Acquisitions
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