Our firm accompanied Gabay Properties and Development Ltd in its issuance of a new series of bonds, guaranteed by pledges over 2 entrepreneurial projects in Tel Aviv and Ashkelon, in which NIS 80 million was raised at an interest rate of 4.59%.
Congratulations to our long-time client The Zarasai Group Ltd. for completing their issuance of a new series of bonds, raising approximately 217 million NIS with an interest of 5.45%. The series was secured, inter alia, by a mortgage over 4 rental buildings in New York.
Congratulation to Doral! Our firm represented Doral, the green energy company, in another successful round of funding, in which it issued approximately 14.8 million shares, constituting approximately 10% of the company's capital, in exchange for NIS 191 million (!)
The IFLR1000 ranking guide has ranked Adv. Israel Shimonov - the firm's founder, and Adv. Dudi Berland - a senior partner at the firm, as highly regarded lawyers, as well as Adv. Ido Lachman who has been noted as a rising star, in the capital markets area.
Our firm represented Sapir Corp in its completion of an expeditious arrangement with their bondholders. Adv. Amir Bartov, Adv. Nir Cohen Sasson and Adv. Shimrit Melman lead the company through the arrangement, part of which Sapir Corp proposed to make a partial early redemption of debentures in the amount of...
28 million NIS (par value), to update the repayment schedule of the debentures and to add interest to the par value of the debentures. The court approved the settlement.
Our firm accompanied Copperline Americas Limited, in its completion of an IPO of a new Series of C bonds (which was carried out partially by an exchange offering of existing Series A bonds), in which the Company raised approximately 91 million NIS. The series was secured, inter alia, by a...
mortgage over one of the Company's real estate properties in New York.
We are proud to announce that as previous years, the Israeli ranking guide BDI has ranked our firm as a leader in the Debt Settlement and Liquidations & Receiverships fields in this year's ranking.
Our firm with the lead of Adv. Israel Shimonov & Adv. Ayana Wechsler represented Israel Canada group in its acquisition of Minrav Projects Ltd.
Our law firm represented The Leser Group, a real estate group that handles income-producing real estate in New York, in a round of raising a new series of bonds secured by a mortgage on three real estate properties in New York, amounting at NIS 168 million (with a total monetary...
value of 164 NIS million) at an interest rate of 5%.
Our firm is proud to represent Doral-Energy Group, a group expanding rapidly in the energy market in Israel and the US, in its IPO that took place this week. The IPO was made at a company value of NIS 575 million before raising capital. Dorel was represented by Adv. Israel Shimonov and Adv. Ayana Wechsler. The IPO was the first of its kind to take place since he Covid-19 crisis outbreak, and we are proud to say that even during these challenging times, our firm continues to be in the centre of business world in Israel.
Adv. Amir Bartov, senior partner at our firm represented Cal Auto Group during the last year in a complex recovery and settlement proceeding, as well as the sale transaction of the company that was acquired by Carasso Motors Ltd, another longtime client of the firm. Completion of the complex merger transaction entailed the execution and completion of a large-scale voluntary creditors' agreement which involved many funding institutions outside the court's discretion, in full cooperation with the company's financial creditors. Our firm wishes both clients good luck in their future endeavors in the automotive business.
Proud to be ranked as one of Israel’s leading firms (tier1) in both the Capital Markets and Insolvency practice areas by the Israeli ranking guide Duns'100 for 2020.