From the news

Recent transaction and litigation

Publications

October / 2015

Representation of former directors of the National Workers Union’s Pension Fund in a NIS 190 million

Adv. Nadav Weisman, Adv. Or Baron Gil and Adv. Adam Shapira successfully represented former directors of the National Workers Union’s Pension Fund which were sued in a 190 million NIS class action, for the alleged breach of their duty of care and duty of loyalty. In its judgment, Judge Yehuda Farago of the Tel Aviv District Court, dismissed the claim and held that there was no defect in the conduct of the directors. The Judge further held that the fund was actuarially balanced, unlike other funds which suffered massive deficits and needed the assistance of the Ministry of Finance.

August / 2015

Representation of CyberArk in its acquisition of Cybertinel Ltd.

Meitar represented CyberArk in its acquisition of Cybertinel Ltd., Israel-based cyber Security Company.

August / 2015

Shanghai Jiuchuan Investment Group acquires Israeli company SHL Telemedicine Ltd.

Shanghai Jiuchuan, a privately held investment company with diversified holdings, including ownership of more than 3,000 hospitals in China, acquired SHL Telemedicine for approximately $130 Million. SHL develops personal telemedicine systems and medical call center services, with a focus on cardiovascular and related diseases, for end users and the healthcare community.

August / 2015

Representation of Viola Group, Hans Wagner and Sariel Engel in an investment in VATBox

Meitar represented Viola Group, Hans Wagner and Sariel Engel in a $24M investment in VATBox, a SaaS provider of automated VAT recovery and governance solutions.

June / 2015

Representation of Emerson Electric in the acquisition of Spectronix

Meitar represented Emerson, a diversified global manufacturing company listed on the NYSE with a market value of $37 billion, in its acquisition of Spectronix, a public company listed on the TASE which develops advanced flame and gas detectors for the military and civilian industries, for $99 million.

June / 2015

Representation of Lumenis in its acquisition by XIO Group for approximately $510 million

Meitar represented Lumenis, a global leader in the field of minimally-invasive clinical solutions for the surgical, ophthalmology and aesthetic markets, in its acquisition by XIO Group, a Chinese private equity fund, for approximately $510 million.

May / 2015

Representation of Infinidat in its $150 million investment round

Meitar represented Infinidat, a leading company engaged in information storage, in its $150 million investment round led by TPG Capital Fund, at a company value of over $1 billion.