Retailors’ $164 Million Initial Public Offering

White & Case LLP has advised UBS on the international component of the initial public offering (IPO) of Retailors Ltd, Herzog Fox & Neeman advised Retailors.

The IPO consisted of a public offering in Israel and listing on the Tel Aviv Stock Exchange, together with a global offering that included a Rule 144A component marketed in the United States. The IPO raised net proceeds of approximately US$164 million.

Retailors is a leading high-growth retailer in Israel, specializing in the sale of sports and leisure footwear, apparel and accessories, through a chain of stores in Israel, Canada and Europe under the brands Nike, Foot Locker and Dream Sport.

The IPO was only the fourth Israeli public offering listed in Tel Aviv and internationally marketed pursuant to Rule 144A.

The White & Case team which advised on the transaction was led by partner Monica Holden (Picture), counsel Doron Loewinger and associate Anna Soroka (all London), and included partner Chad McCormick (Houston), counsel Heidi Schmid (New York), associate Kyle Ezzadine (New York) and international attorney Yasmin Mansour (Düsseldorf).

The Herzog Fox & Neeman team was led by partners Nir Dash, Ron Ben-Menachem and Yehuda Aharoni (Hommfor), associates Mohammad Mawasi Ori Oren and Oren Halfon, May Dahan Estrin and interns Noa Rassabi and Roni Fried.

Involved fees earner: Yehuda Aharoni – Herzog Fox & Neeman; Ron Ben-Menachem – Herzog Fox & Neeman; May Dahan Estrin – Herzog Fox & Neeman; Nir Dash – Herzog Fox & Neeman; Roni Fried – Herzog Fox & Neeman; Oren Halfon – Herzog Fox & Neeman; Mohammad Mawasi – Herzog Fox & Neeman; Ori Oren – Herzog Fox & Neeman; Noa Rassabi – Herzog Fox & Neeman; Kyle Ezzedine – White & Case; Monica Holden – White & Case; Doron Loewinger – White & Case; Yasmin Mansour – White & Case; Chad McCormick – White & Case; Heidi Schmid – White & Case; Anna Soroka – White & Case;

Law Firms: Herzog Fox & Neeman; White & Case;

Clients: Retailors; UBS;

Author: Federica Tiefenthaler