NextVision Stabilized Systems Ltd., a growth technology company that develops, manufactures, and markets stabilized day-and-night imaging solutions for ground and aerial platforms such as micro and mini UAVs and drones, has announced that a group of current shareholders of NextVision, including founders and members of the management team, announced their intention to sell approximately a total of US$200 million in existing shares in NextVision, representing approximately 2% of the company’s outstanding shares, to global and Israeli institutional investors through a bookbuilding process.
Jefferies is sole global coordinator and joint bookrunner in the placing. UBS and Needham are joint bookrunners, and Leader Capital Markets is sole local manager.
Latham & Watkins advised Jefferies, UBS, Needham, and Leader Capital Markets, with a team led by London partner Josh Kiernan and Tel Aviv partner Gilad Zohari, with Tel Aviv associate Jamie Savren.
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