Clal Insurance Company’s Investment in Cinema City

Gornitzky & Co. advised Clal Insurance Company on the deal.

Clal Insurance Company completed an investment in Cinema City, one of Israel’s leading cinema chains, wherein Clal invested NIS100 million at a pre-money valuation of circa NIS500 million against issuance of a 17% ownership stake in the company, in a deal that highlights the market’s renewed confidence in the cinema and leisure center space.

The Gornitzky & Co. team was led by partners Elite Elkon (Picture) and Alon Peled, together with associate David Chester. Labor Law aspects: Senior Associate Sagi Padureanu. Assisted in the due diligence: Associates Yarin Yom Tov, Lior Symon, Yomi Itsik and interns Suzanna Flaster and Chasya Citron.

Involved fees earner: David Chester – Gornitzky & Co.; Elite Elkon – Gornitzky & Co.; Yomi Itsik – Gornitzky & Co.; Sagi Padureanu – Gornitzky & Co.; Alon Peled – Gornitzky & Co.; Lior Symon – Gornitzky & Co.; Yarin Yom Tov – Gornitzky & Co.;

Law Firms: Gornitzky & Co.;

Clients: Clal Insurance Company ;