The Capri Family Foundation completed the acquisition of remaining 18.1% stake in Optibase Ltd. for $11.9 million.
Boaz Noiman and Sharon Rosen of Fischer Behar Chen Well Orion & Co acted as legal advisors, MNS Consulting acted as financial advisor for a fee of $14,700 and D.F. King & Co., Inc. acted as information agent to Capri Family Foundation for a fee of $30,000. Andris Vizbaras of Carter Ledyard & Milburn, LLP acted as legal advisor to Optibase. American Stock Transfer & Trust Company is the U.S Depositary for the offer and Israel Brokerage & Investments - I.B.I. - Ltd. Jon Venick, Sanjay M. Shirodkar and Jeremy Lustman of DLA Piper LLP (US) and Tuvia J. Geffen of Naschitz, Brandes, Amir & Co. acted as legal advisor to special committee. MNS Consulting also acted as fairness opinion provider to Capri Family Foundation. Adva Bitan of Gross, Kleinhendler, Hodak, Halevy, Greenberg & Co. acted as legal advisor to Optibase Ltd.
The Capri Family Foundation completed the acquisition of remaining 18.1% stake in Optibase Ltd. (NasdaqGM:OBAS) for $11.9 million on March 22, 2022. As per the transaction, The Capri Family Foundation acquired 768,905 Optibase shares and will acquire the remaining shares through compulsory acquisition as a result Optibase Ltd. will be delisted and will cease to trade on Nasdaq and the Tel Aviv Stock Exchange.