Finance Monthly October 2019 Edition

56 www.finance-monthly.com TRANSACTION REPORTS Neng Yang Acquires ADT Legal Advisor to Neng Yang: Chinese Fund Neng Yang Acquires Israeli Dicing Equipment Company ADT Chinese fund Neng Yang has acquired Israel-based electronics dicing equipment company Advanced Dicing Technologies Ltd. (ADT) for an estimated sum of $35 million. Based in northern Israeli town Yokneam, ADT develops and produces blades and machinery for the dicing of silicon-based integrated circuits, package singulation, and hard material microelectronic components. The company, which employs around 100 people worldwide, was founded in 2003 by a group of private investors who bought the dicing equipment and blade divisions of Singapore-based semiconductor company Kulicke and Soffa Industries Inc. Tel Aviv-based law firm Barnea Jaffa Lande & Co. represented Neng Yang in the deal. ADT was represented by Be’er Sheva- based law firm Tulchinsky Stern Marciano Cohen Levitski & Co. EUR 36 Million Debt Refinancing of Don Don Group Financial Advisor to AIK Banka and Societe Generale: Legal Advisor to Don Don Group and KJK Fund II: ODI and Šelih & partnerji Advise on Don Don Debt Refinancing The Don Don Group, a lead regional industrial bakery with eleven production plants in Slovenia, Croatia and Serbia, and selling also to the markets of Bosnia and Herzegovina, Montenegro, Bulgaria and Albania, has undergone a €36 million cross-border syndicated debt refinancing. The multi-jurisdictional transaction in Slovenia, Croatia and Serbia was divided into two main stages and structured as refinancing of an existing syndicated debt by three separate syndicated facilities agreements based on Loan Market Association standards. Šelih & partnerji assisted Don Don as the borrower as well as one of its shareholders - KJK Fund II. ODI represented AIK Banka and Societe Generale’s Slovenian entities on the lending side. Mia Kalaš, Partner and Head of the firm’s Banking & Finance practice, led the transaction within Šelih & partnerji Law Firm, with the assistance of Senior Associate Nika Bosnič. The ODI team included Partner Suzana Boncina Jamsek and Senior Associate Masa Drkusic in Slovenia, Partner Branko Ilic in Croatia and Partners Tamara Curovic and Milos Curovic in Serbia.