Leader sells its underwriting and brokerage operations | 30-31/8/2016

Partners Aya Yoffe and Yuval Eden represented Leader Capital Markets Ltd. in the sale of its holdings in its underwriting and brokerage subsidiaries to a group of investors, headed by Amit Vardi (Hebrew):

Read on TheMarker Online 30/8/2016

Read on TheMarker Print Edition 31/8/2016

TheMarker31.8.2016

Read on BizPortal 30/8/2016

Read on Calcalist online 30/8/2016

Deal finalized – 26 October, 2016:

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Read on Sponser website

Read on Talniri websire

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Attorneys Yaniv Erlich and Elad Brauner on effectiveness of tax arrangements for multinationals operating in Israel | TheMarker 21/8/2016

Will tax benefits and attractive tax arrangements help attract multinational companies to establish and strengthen operations in Israel? Attorneys Yaniv Erlich and Elad Brauner examine this issue, provide examples and assessment (Hebrew):

Read on TheMarker online 21/8/2016

Read print edition, TheMarker 22/8/2016:

TheMarker22.8.2016

 

Xura Announces Completion of Acquisition by Affiliates of Siris Capital Group, LLC

• Xura shareholders to receive $25.00 per share in cash

• Acquisition supports Xura’s transformation growth strategy to be the leader in digital communications solutions for Communication Service Providers (“CSPs”)

• Enables further investment, expansion and development of digital communication and monetization services

WAKEFIELD, Mass., Aug. 19, 2016 (GLOBE NEWSWIRE) —  Xura, Inc. (NASDAQ:MESG), a leading provider of digital communications services, today announced the completion of its acquisition by affiliates of Siris Capital Group, LLC (“Siris” or “Siris Capital”) in a transaction reflecting an equity value of approximately $643 million.

The transaction, which was initially announced on May 23, 2016, was approved by a majority of Xura’s shareholders on August 16, 2016. In connection with the closing of the transaction, the company, which will continue to operate as Xura Inc., will be wholly owned by affiliates of Siris Capital.

Siris’ investment underpins Xura’s mission to revolutionize the way the world communicates, accelerating its development of leading digital communications solutions for CSPs that will transform future engagement experiences across all networks, channels and devices. At the heart of this acquisition is a commitment to continue building a company positioned for longevity and growth, which is focused on customers, product development and fostering technology innovation across messaging, data, network security and virtualization services.

Commenting on the transaction closure, Hubert de Pesquidoux, Siris Capital executive partner and Xura’s new executive chairman, said: “With its broad product portfolio and industry-renowned technology, which has underpinned mobile messaging for many years, Xura is well-positioned to continue to bring value to the 300+ customers it supports and the broader digital ecosystem. We look forward to working with the management team and employees to further advance the company’s value proposition, investing and innovating to help its customers succeed. I am honored to be part of Xura’s next chapter.”

“This is a momentous day for Xura,” said Philippe Tartavull, CEO at Xura.  “By partnering with Siris Capital and its experienced leadership team, we will now be able to accelerate our strategy to bring best-in-class messaging, voicemail, security, and monetization solutions to our customers. This investment not only offers Xura increased financial stability, but is a fantastic opportunity to expand our reach and bolster our position as an industry-leading company with digital innovation and customers at its core.”