Congratulations to B.S.R. Engineering & Development on completing its first public bond issuance and securing an equity investment from Poalim Equity.
The company successfully issued approximately NIS 181 million in unsecured bonds at an interest rate of 6.25%. In parallel, it entered into an investment agreement with Poalim Equity, the investment arm of Bank Hapoalim, under which Poalim invested approximately NIS 100 million for roughly 10% of the company’s shares, reflecting a post-money valuation of approximately NIS 1 billion, with an option to increase its stake in the future.
B.S.R. was advised in this transaction by our team: Adv. Israel Shimonov, Adv. Oren Elkabetz, Adv. Liron Azriel, Adv. Niv Fogel, and Adv. Perry Zinger Nachum.
Congratulations to Gad Dairy on its first public offering!
Early this month, the company successfully raised approximately NIS 280 million, reflecting a pre-money valuation of about NIS 725 million (approx. NIS 935 million post-money). Roughly 75% of the proceeds were allocated directly to the company, with the remainder through a secondary offering by its shareholders, the Green Lantern Group (with participation of Discount Capital and Migdal Insurance).
As Israel’s largest specialty dairy and the fourth-largest dairy producer in the country, Gad plans to use the IPO proceeds to advance its strategic relocation to a new, state-of-the-art facility in the Timorim Industrial Zone.
This transaction was successfully led by Adv. Israel Shimonov, Adv. Corinne Bitton, and Adv. Shimrit Melman of our firm
Congratulations to Lanterra Canada Enterprises Limited Partnership on successfully completing its first bond offering (IPO) in Israel!
Lanterra raised approximately NIS 260 million on the Tel Aviv Stock Exchange through a series of bonds.
Lanterra, founded and led by Mark Mandelbaum and Barry Fenton, is one of the most prominent and active real estate developers in Toronto.
This landmark offering, which is also the first ever foreign limited partnership bond offering on TASE was led by our the legal team Dudi Berland, Benjamin Ben Zimra, Ido Lachman, Uria Mansur, and Itai Yanay.
An important milestone for Lanterra, and another step in strengthening the bridge between Canadian real estate and Israeli capital markets.
Our firm represented Canada Global, controlled by Assi Tuchmayer and Barak Rosen, in its entry into a strategic partnership with Adam Neumann’s Flow Property Investors and the Yellowstone Trust, led by Yakir Gabay.
As part of the transaction, 60% of the rights in a mixed-use real estate project in Miami were acquired, for a consideration of 106 million USD, based on a total project valuation of 525 million USD. The project includes a residential tower with hundreds of apartments, retail space, parking facilities, and a marina.
The transaction was led by the firm’s founding partner, Adv. Israel Shimonov, together with Adv. Nimrod Nir.
Congratulations to Carasso Real Estate on successfully completing a capital raising of approximately NIS 130 million from classified investors, alongside the allocation of options valued at around NIS 30 million.
Carasso Real Estate is recognized as one of Israel’s leading companies in the field of private land development.
The offering was advised by Attorneys Nir Cohen-Sasson and Niv Fogel.
Congratulations to Gabai Group, owned by Mr. Eli Gabai, has successfully completed its initial public offering of Series A bonds, raising NIS 150 million.
The offering was led by attorneys Nir Cohen Sasson and Daniel Tenzer.
Real estate company Almog C.D.A.i ltd, owned by Mr. Izhak and Liora Amsalem, has successfully completed its initial public offering of Series A bonds, raising NIS 90 million.
The offering was led by attorneys Liron Azrial, Niv Fogel and Roy Tendler
Congratulations to the Acro Group on the successful issuance of a new series of Bonds in the amount of NIS 250 million!
This new series of Bonds will carry an annual interest rate of 5.38% (fixed) with an average duration of 5 years.
The issuance was led by Adv. Oren Elkabetz, Niv Fogel and Perry Zinger Nachum.
New Secured Bond Series Issued by Copperline
Congratulations to Copperline America Limited, on the successful completion of a new bond issuance on the Tel Aviv Stock Exchange, raising approximately NIS 165 million at a fixed interest rate of 5.8%. The bonds are secured by a first mortgage over four real estate assets located in New York.
The issuance was accompanied by our firm’s attorneys: David Berland, Benjamin Ben Zimra, Ido Lachman, and Itay Yanay.
Agellan Commercial first bond offering on the Tel Aviv Stock Exchange
Congratulations to Agellan Commercial, the Canadian company specializing in business and logistics parks across the United States, on the successful completion of its first bond issuance on the Tel Aviv Stock Exchange, raising approximately NIS 570 million at a fixed interest rate of 5.92%. The bonds are secured, among other things, by first mortgages over 18 commercial properties across the United States.
The institutional tender attracted exceptional demand, with total bids exceeding NIS 1.2 billion.
The offering was accompanied by our firm’s attorneys: David Berland, Benjamin Ben Zimra, Ido Lachman, and Itay Yanay.
Congratulations to RP Optical Lab on Its Initial Public Offering!
In late May 2025, RP Optical Lab Ltd. successfully completed its initial public offering (IPO) on the Tel Aviv Stock Exchange, raising approximately NIS 150 million at a pre-money valuation of approximately NIS 575 million. Approximately 85% of the proceeds were raised through the issuance of new shares, with the remaining portion raised through a secondary offering by the company’s founders.
Founded by alumni of the IDF Intelligence Corps, RP Optical Lab develops, manufactures, and markets advanced optical and electro-optical systems, radar systems, and mission-specific solutions for the defense sector in Israel and globally.
The IPO was led by Adv. Israel Shimonov and Adv. Igor Katz.
Destiny Real Estate Completes Successful Debut Bond Issuance – Raising NIS 196M at 5.19%
Avi Reichman brings his income-producing real estate company, Destiny Real Estate, to the Tel Aviv Stock Exchange for the first time.
The company has completed its first bond issuance, raising approximately NIS 196 million at a fixed annual interest rate of 5.19%, supporting its ongoing operations.
Reisdor joins the TASE with a successful NIS 194M first bond issuance.
Our firm successfully represented Reisdor, owned by Mr. Yaki Reisner, in its first public offering of Series A bonds on the Tel Aviv Stock Exchange, raising approximately NIS 194 million at a fixed annual interest rate of 6.35%, unsecured.
Established in 2005, Reisdor currently develops 22 residential real estates projects, in the field of urban renewal and income-producing properties across Israel.
The offering was led by Adv. Israel Shimonov, Adv. Liron Azriel, and Adv. Daniel Buskila.
Lightstone Enterprise completed an offering of a new series of bonds, secured by the Moxy Times Square hotel in Manhattan, in the amount of approximately NIS 1 billion, which will bear annual interest rate of 5.53%. The tender for classified investors recorded impressive demands of approximately NIS 2.7 billion.
Hagag Group completed the issuance of a new series of Bonds in the amount of NIS 404 million!
This new series of Bonds will carry an annual interest rate of 4.5% with an average duration of 3.9 years.
As part of the issuance, option warrants were also granted for the purchase of Company’s shares at a valuation of NIS 2 billion, which, if exercised, could raise an additional NIS 200 million.
ISPRO Ltd., controlled by businessmen Kidan Dahari and Yaron Adib, on the acquisition of 100% of the shares of the well-established real estate company, Tnuport (1990) Ltd., at a value of 500 million NIS! Following the acquisition, ISPRO has become a company with a consolidated asset base of approximately 3.1 billion NIS! The acquisition was partially financed through the issuance of a series of bonds secured by Tnuport shares, amounting to NIS 165 million.
Carasso Real Estate LTD completed the raising of bonds (series B), in the amount of 400 million NIS, bearing an annual interest rate of 5.74%, with demands in the tender for classified investors exceeding NIS 1 billion.
Copperline America Limited completed an expansion of the company’s Series D bonds in the amount of approximately NIS 147 million. During the institutional tender for the aforementioned bond series expansion, the Company recorded an oversubscription of over 200%. The bonds were issued at a premium, reflecting an effective interest rate of approximately 6.7%.
