September Edition 2020

15 Active in the Israeli market for more than 20 years, Allen & Overy (“A&O”) has one of the most formidable Israeli practices. Under the leadership of Lee Noyek and Etay Katz , A&O’s global team is hugely prominent in M&A transactions involving Israeli clients, especially in the high-tech sector where it enjoys a strong presence, especially among fin-tech and e-gaming companies. With a dominant position in M&A, the team commands respect for its roles in some of the highest profile deals in the market. A&O’s Peter Banks and Lee Noyek advised Israel’s Froneri, the 50:50 joint venture between PAI owned R&R and Nestlé, on the acquisition of the Noga Ice Creams Limited Partnership, part of the Nestlé-owned business Osem Group. This deal marks Froneri’s entrance into the Israeli market and brings all of the Nestlé Europe, Middle East and North Africa ice cream businesses into the Froneri Group. The team also advised private equity firm XIO on its USD 1.2 billion sale of Lumenis to CVC. In high-tech, Karan Dinamani advised Bridgepoint’s €5.8bn buyout fund on its acquisition of Qualitest, an Israeli based AI-powered provider of quality engineering and testing solutions, from Marlin Equity Partners. The team works continues to work closely and regularly with local counsel and has also been advising on financing, litigation and real estate matters. UK-headquartered law firm Asserson continues to enjoy a strong presence in the Israeli market, with its largest office in Tel Aviv and a team comprising UK, U.S. and Israel qualified lawyers. Under the leadership of the well-known shining light, Trevor Asserson , the team thrives in its provision of UK legal services to Israeli clients, particularly in the realms of hi-tech, litigation, employment and real estate, flying high in these categories. Oliver Harris, Hadie Cohen and Rachel Shaw star at Asserson, which is frequently instructed by clients on a range of strategic employment advice, includingemployment contracts,shareschemesandUKemployment issues, including maternity and redundancy issues. The firm is also immersed in the real estate sector, acting for Israeli private clients in the acquisition and disposal of residential and commercial property for investment, recently acting for unit purchasers of Canada Israel’s residential development of Allen & Overy Asserson Editorial