We advised NextVision on its global offering

Davis Polk advised Next Vision Stabilized Systems Ltd. (NextVision) on its global offering of 9,500,000 ordinary shares, pursuant to Rule 144A and Regulation S. The total value of the offering amounted to approximately NIS 1.4 billion (approximately $413.7 million). The ordinary shares are listed on the Tel Aviv Stock Exchange Ltd. under the symbol “NXSN”.

NextVision is a technology company engaged in the development, manufacturing and marketing of stabilized day and night imaging solutions for ground and aerial platforms, such as micro and mini unmanned aerial vehicles and drones. NextVision sells its products to systems providers, which ultimately sell their products to end-users across the defense, civil and commercial markets.

The Davis Polk capital markets team included partners Michael Kaplan and Connie I. Milonakis and associates Despoina Arslanidi and Shelby Young. Counsel Alon Gurfinkel and associate Kelli A. Rivers provided tax advice. Partner Gregory S. Rowland, counsel Leon E. Salkin and Sarah E. Kim and associate Alex Brod provided 1940 Act advice. Members of the Davis Polk team are based in the New York and London offices.

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