Apax Middle-market Israel managed by Apax Partners LLP acquired 83% stake in Ten Petroleum Company Ltd. from Bank Hapoalim B.M. (TASE:POLI) for approximately ILS 140 million on January 10, 2017. In this transaction, Apax acquired 0.41 million ordinary shares of Ten Petroleum Company. Advocates Pinhas Rubin and Yaron Elhawi from Gornitzky & Co. acted as legal advisor to Bank Hapoalim B.M. in the transaction. Apax Middle-market Israel managed by Apax Partners LLP completed the acquisition of 83% stake in Ten Petroleum Company Ltd. from Bank Hapoalim B.M. (TASE:POLI) on January 10, 2017.