In November 2019, Isramco, Inc. (NASDAQ: ISRL) ("Isramco" or the "Company") announced that it was acquired by Naphtha Israel Petroleum Corporation Ltd. (XTAE: NFTA) (“Naphtha”) in a going private transaction.
Duff & Phelps served as a financial advisor and provided a fairness opinion to the special committee of the board of directors of Isramco, Inc. in connection with the transaction. Duff & Phelps consulted with Giza Singer Even of Tel Aviv on Israeli valuation matters and Morgan Lewis as its legal advisor on this transaction.
Isramco, Inc. is an independent oil and natural gas company engaged in the exploration, development and production of oil and natural gas properties located onshore in the United States and ownership of various royalty interests in oil and gas concessions located offshore Israel. The Company also operates a well service company that provides well maintenance, workover services, well completion and recompletion services and production services company that provides a full range of onshore production services U.S. oil and gas producers and a transportation company providing transport of liquefied petroleum products. Norton Rose Fulbright US LLP served as U.S. legal counsel to the special committee.
About Naphtha Israel Petroleum Corporation Ltd.
Naphtha is an Israeli public company, whose shares are listed for trading on the Tel-Aviv Stock Exchange (TLV:NFTA). Naphtha engages primarily, through its subsidiaries, in exploration, development and production of oil & gas: offshore Israel and onshore U.S. Naphtha also is engaged in the field of commercial real-estate and hotel management, in Israel and in Europe. Baker Botts L.L.P. served as U.S. legal counsel to Naphtha Group.
Comprehensive support throughout mergers and acquisitions and other corporate transactions.Corporate Finance
Fairness and Solvency Opinions
Independent opinions for boards of directors and special committees.Fairness and Solvency Opinions
Middle-market M&A advisory differentiated by industry expertise and superior deal execution.M&A Advisory
Transaction Advisory Services
Seamless analytical advisory through the deal continuum, from transaction origination to closing.Transaction Advisory Services
Financial Sponsors Group
Dedicated coverage and access to M&A deal-flow for financial sponsors.Financial Sponsors Group
Private Capital Markets
Senior, subordinated and mezzanine debt and venture/private equity for a wide range of transactions.Private Capital Markets
Valuation and consulting for financial reporting, federal, state and local tax, investment and risk management purposes.Valuation Advisory
Property tax, site selection, transfer pricing, sales and use tax and unclaimed property advisory.Tax Services
has completed a recapitalization and financial restructuring transaction
has been acquired by
a portfolio company of
has signed a binding offer to acquire five data centers from
Macy’s, Inc. (NYSE:M), has completed a refinancing transaction, raising approximately $4.5 billion of new financing, including an asset-based credit line and the issuance of senior secured notes
has sold its passive infrastructure to
has been acquired by a consortium of
has been acquired by
with financing provided by
Estate Freezes – The Opportunity For Your Business
The Impact of COVID-19 on Goodwill Impairment – An Asian Perspective Survey Report
Staffing Industry Insights – Summer 2020
Duff & Phelps U.S. Normalized Risk-Free Rate Lowered from 3.0% to 2.5%, Effective June 30, 2020
Brett Lord Featured in Australian Financial Review
David Larsen Shares Views on the Valuation Challenges for Fund Managers
Ross Hostetter Discusses Valuation Challenges for Private Companies
Carla Nunes Participated in International Institute of Business Valuers Webinar
July 21-23, 2020 Webcast