Israel-related M&A keeps rolling in for Greenberg Traurig
GT represents Israeli holding company, ARKO Holdings (“ARKO”) in USD 1.4 billion merger with Haymaker Acquisition Corp. II, a publicly traded special purposes acquisition company (“SPAC”), as it expands its convenience stores across the United States.
ARKO operates in the GPM Retail and Wholesale, Finance, Real Estate for Investment and Ligad business segments. GPM, in which the company has a controlling stake, is the seventh-largest convenience store chain in the U.S. with nearly 1,400 stores across the country.
The transaction is expected to close in the fourth quarter of 2020 and the combined company will have an equity market capitalization of approximately USD 1.4 billion.
GT also advised on the acquisition of its client, Israeli firm Portshift, by IT giant Cisco. The transaction is expected to close in H1 of fiscal year 2021, followed by Portshift’s team joining Cisco’s ET&I group.
Portshift – an Israeli start-up founded by the former head of the security infrastructure division for Check Point Software Technologies in 2018– provides Kubernetes-native security solutions for organizations worldwide.
