Our Firm represented Funds from the LBH Value Group (managed by Value Base M&A Ltd., Shimon Ben Hemo, and Opher linchevski) in a transaction for the purchase of approximately 38% of Gadot Chemical Terminals (1985) Ltd’s shares, which operates in the trade and distribution of chemicals, from Tene Investment In Gadot L.P. The consideration in the transaction amounts to approximately USD 110 Million. As part of the transaction, LBH Value funds received several options to increase their holding in Gadot, including the option that upon the IPO of Gadot (which is expected in the coming year) LBH Value funds will have the option to acquire additional shares and become the controlling shareholder in Gadot.
The funds were represented by partners Kfir Yadgar and Uri Heller, together with associate Sharon Strauss and Senior Associate Nir Knoll.
Partner Avner Finkelshtein assisted with antitrust matters.
