Congratulations to our clients, Malam Payroll Ltd (of the Malam Team Group) on the acquisition transaction for control of Synerion Systems Ltd (formerly Lavie Timetech), which deals in the provision of advanced technological solutions and services in the fields of attendance and payrolls min Israel and in North America.
As part of the transaction Malam will provide Synerion with an owner’s loan of 48 million NIS and will receive an allocation of 50.1% of the Synerion shares. In addition, Put and Call options have been awarded for the purchase of the remaining shares (49.9%) in return for an addition 12 million NIS, dependent on the company’s performance in Canada.
Malam Payroll was represented in the transaction by Adv. Yoav Caspi, one of the founding partners and head of our firm’s Corporate Law Department, and by Adv. Sariel Cohen, a partner in our firm’s Corporate Law Department.

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