Noy Fund’s €30.34 Million Acquisition of Tahal Group’s stake in the pumped-storage hydroelectricity project in Kochav Hayarden


Gornitzky represents Noy Fund, an Israeli infrastructure and energy investment fund, in the acquisition of Tahal Group’s stake in the pumped-storage hydroelectricity project in Kochav Hayarden, for approximately NIS 120 million.

The Noy Fund was established in May 2011 through the initiative of its anchor investors, Poalim Capital Markets (a member of the Poalim group) and the Clal Group, two of Israel’s leading investment groups. The Fund’s managers enjoy the strong support of the local capital markets, raising over US$1100 million from many of Israel’s largest institutional investors, to the fund and to co-investment vehicle.

Noy Fund was represented by Partners Itay Geffen (Picture), Ronit Rozenstein-Barel and Amit Levy.

Involved fees earner: Itay Geffen – Gornitzky & Co.; Amit Levy – Gornitzky & Co.; Ronit Rozenstein-Barel – Gornitzky & Co.;

Law Firms: Gornitzky & Co.;

Clients: Noy Fund;