DS Apex Holdings, Ltd. (TASE:DSAP) agreed to acquire Meitav Investment House Ltd. from B. Gaon Holdings Ltd. (TASE:GAON), Direct Insurance - Financial Investments Ltd. (TASE:DIFI), Stepak family and Shlomo Simanovsky in stock on March 20, 2012. The merger included the replacement of 100% of Meitav's shares for DS Apex's shares constituting 45% of the voting rights in DS Apex. DS Apex Holdings, Ltd. signed an agreement to acquire Meitav Investment House Ltd. from B. Gaon Holdings Ltd, Direct Insurance - Financial Investments Ltd. (TASE:DIFI), Stepak family and Shlomo Simanovsky in the week ending June 1, 2012. As a part of the transaction, Stepak family will acquire 2.8 million shares in Meitav at ILS 22.25 per share from BRM Capital. Pursuant to the transaction, the Stepak family and BRM Capital will each own 26.64% of the combined entity. Ehud Sol, Ilanit Landesman Yogev, Ory Nacht, and Nir Dash of Herzog Fox Neeman acted as legal advisor to DS Apex Holdings Ltd. Amit Pollak Matalon acted as legal advisor to Meitav Investment House Ltd.

DS Apex Holdings, Ltd. (TASE:DSAP) completed the acquisition of Meitav Investment House Ltd. from B. Gaon Holdings Ltd. (TASE:GAON), Direct Insurance - Financial Investments Ltd. (TASE:DIFI), Stepak family and Shlomo Simanovsky on April 14, 2013.