Firm News

Mishcon de Reya's Israel Group act for Strategic Global Investments Plc on its first pre-IPO financing deal with Israeli company Tadsec Advanced Homeland Security Technologies Ltd

Release Date:

21 July 2006

Deal Completion Date:  11 July 2006

Mishcon de Reya's Israel Group acted for AIM listed client, Strategic Global Investments Plc ("SGI") on its first pre-IPO financing deal, with Israeli company Tadsec Advanced Homeland Security Technologies Ltd ("Tadsec").  The Firm also advised SGI on the Facility Agreement and Warrant Instruments granted to them by Tadsec.

SGI provided a loan facility to Tadsec, which is a spin off company of the well-known Israeli defense company Tadiran. 

Tadsec raised the finance from SGI to expand their operations with a view to an AIM listing within 18 months.

Head of Corporate Department, Richard Tyler led the team assisted by Banking Partner Matthew Lindsay and Corporate Assistant Mark Hirschfield.

Other parties in the transaction were: Justin Randall of Jeffreys Henry LLP who acted as accountants to SGI, Yonatan Altman (Corporate Partner) and Iris Magen (Corporate Assistant) of Amit Pollak, Matalon & Co. who acted as the lawyers to Tadsec and Martin Jaskel of European American Capital Limited in addition to Stewart Milman and Joey Sabet of Avalon Capital Ltd who acted as Tadsec's corporate finance advisers.

Speaking about the deal, Richard Tyler of Mishcon de Reya stated:

"We were delighted to have acted for SGI on their first pre-IPO financing deal with an Israeli company.  The deal has provided SGI with significant warrants in Tadsec.  It has also provided Tadsec with the necessary funds to achieve their commercial objectives of expanding their operations internationally."

Speaking about the deal, Malcolm Coleman, Chief Executive of SGI stated:

" We are very pleased to have invested in a Company that has excellent potential in a sector where there is growing demand worldwide."