29 04 2016

Fosun acquires Ahava Dead Sea Laboratories Ltd. for $77.2 Million

HFN, Gornitzky and Barnea & Co. have advised on the deal


Fosun International Limited engages in pharmaceutical and healthcare, property development, iron and steel products, mining, asset management, and insurance businesses primarily in Mainland China and Hong Kong. The company, led by Xinjun Liang, Qunbin Wang, Guangchang Guo, Guoqi Ding and Xuetang Qin.
AHAVA Dead Sea Laboratories Ltd. develops and manufactures beauty products for consumers worldwide. The company, led by Ron Michael, is based in Lod (Israel). HFN represented Fosun in the acquisition with a team including Ran Hai (Picture) and Yair Geva. Gornitzky represented the shareholders of AHAVA (Gaon Holdings, the Livnat family, Shamrock Israel Growth Fund, Kibbutz Mitzpeh Shalem and Kibbutz Kalia) with a team including Chaim Friedland (Partner, Corporate/M&A), Yoav Meer  (Corporate), Nir Knoll (Corporate), Daniel Skald (Tax), Bar Sarafian (Employment). Micky Barnea, Ariella Dreyfuss and Itay Gura from Barnea & Co, Law Offices represented Kibbutz Mitzpe Shalem, one of the selling shareholders.   Involved fees earner: Michael Barnea - Barnea & Co.; Ariella Dreyfuss - Barnea & Co.; Itay Gura - Barnea & Co.; Ran Hai - Herzog Fox & Neeman; Yair Geva - Herzog Fox & Neeman; Chaim Friedland - Gornitzky & Co.; Yoav Meer - Gornitzky & Co.; Nir Knoll - Gornitzky & Co.; Daniel Skald - Gornitzky & Co.; Bar Sarafian - Gornitzky & Co.;

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