The Capri Family Foundation has successfully completed its going-private tender offer to acquire Herzliya-headquartered Optibase Ltd.

As a consequence of the completion of the offer, under the Israeli Companies Law, Capri automatically thereby also acquired all of the Optibase shares, not already held by the members of its bidder group, at the same price.

Capri and the members of its bidder group are now the sole owners of Optibase, a real estate company that owns and operates properties in Switzerland and the United States.

Carter Ledyard advised Capri, with Andris Vizbaras and Guy Ben-Ami representing Capri in U.S. federal securities laws in connection with the tender offer and Carter Ledyard alum Sharon Rosen and her colleagues at FISCHER (FBC & Co.), in Tel Aviv, counseling Capri on Israeli laws.