Private Equity

Private Equity

Fund Formation
Meitar’s private equity practice encompasses formation of private equity, venture capital, real-estate and hedge funds, investments in private equity funds, and acquisitions of private equity portfolios and limited partnership interests.
We have acted on the fund formation side for a large number of private equity, venture capital and hybrid funds, using both standard and innovative fund structures. We also regularly advise investors, including sponsors and anchor investors, with respect to the terms of their investments in these funds. In this context we have represented many of Israel’s largest and most active institutional investors – pension funds, provident funds, insurance companies and banks – in their international investments in alternative asset classes. Our team’s expertise and experience in the full spectrum of transactional, securities, tax and regulatory issues that arise in these transactions allow us to serve our clients’ needs under one roof, while cooperating with foreign counsel when necessary. We also regularly provide guidance to foreign private equity and venture capital funds that have considered establishing a presence in the Israeli market.

Private Equity Investments
Meitar advises private equity and institutional clients in their direct investments in and acquisitions of operating companies and assets. Among our PE clients are Viola, KKR, Francisco Partners, Zeigler, Fortissimo Capital, Vector Capital, Vintage Fund, Infinity and more. We also assist our clients in structuring these transactions to facilitate obtaining adequate leverage for the success of the transaction.

Representative experience

Some of our recent fund formation experience:

• Formation of Team8, a unique Israeli investment fund focusing on investments in cyber security technologies.
• Formation of Magma Communications Fund I and II, a venture capital fund focusing on communications.
• Pitango, Israel’s largest VC group, in the formation of Pitango VI and Pitango Growth.
• Viola Private Equity, in the formation of Viola II.
• Formation of Disruptive Technologies LP fund, focusing on investments in young technology companies.
• Formation of 83 North fund, a fund working mainly with European and Israeli entrepreneurs.
• Formation of Lool Opportunity Ventures fund, a fund supporting entrepreneurial growth companies.
• Formation of MAC Fund, a Korean-Israeli venture capital fund.
• Formation of Harbor Opportunity Fund, an opportunity fund focusing on the purchase of debt instruments in the US real estate market.
• Formation of Israel Infrastructure Fund, a private equity fund focusing on Israeli infrastructure and fixed-income investments.
• Formation of Foriland Fund, a private equity fund operating in the real estate market in the US.
• Formation of Sinai Fund, a private equity fund operating in the real estate market in Denmark.

Some of our recent private equity investments experience:

• Representation of Francisco Partners in its acquisition of ClickSoftware Ltd.
• Representation of KKR and ClickTale in a financing transaction in ClickTale valued at $79 million.
• Representation of Viola Partners and Global Data Center, Inc, in connection with a financing of Global Data Center, Inc.
• Representation of Allflex Holding France SAS, and BC Partners, in the acquisition of SCR Engineers, and the implications of the acquisition of SCR.
• Representation of Rhone Capital in its acquisition of the operations of Eden Springs for approximately $90 million.
• Representation of Francisco Partners in its acquisition of NSO group.
• Representation of software group Paradigm in its acquisition by private equity firm Apax Partners and technology investment firm JMI Equity.
• Representation of Ex-Libris in its acquisition by Golden Gate Capital.
• Representation of Fundtech in its acquisition by GTCR for approximately $390 million.
• Representation of Answer Corporation in its acquisition by AFCV Holdings for approximately $127 million.
• Acquisition of Netafim by Permira Fund, a European private equity firm.
• Investments of Viola fund in MobileXcess, Orad Hi-tech, Zend Technologies and many more.
• Acquisition of Paradigm Geophysical by Fox Paine, a US private equity fund.
• Acquisition of ExLibris, a library-software company, by Francisco Partners, a US private equity fund.
• Representation of Attenti Holdings SA in its acquisition by 3M Co. for $230 million.
• Representation of Altice Group in its acquisition of Israeli cellular operator Mirs from Motorola Inc.
• Representation of Cool Holding in the acquisition of Hot Communication shares from Yedioth Communications.