Congratulations to Yellowstone Real Estate Capital Ltd on completing its first bond offering on the Tel Aviv Stock Exchange!
Yellowstone, which specializes primarily in diversified Value Add real estate investments in North America, raised NIS 600 million in bonds on the Tel Aviv Stock Exchange, bearing an interest rate of 7.5%.
The offering was accompanied by our firm’s attorneys – Dudi Berland, Benjamin Ben Zimra, Itay Yanai and Adi Even.
Congratulations to Aviv Group on the Successful Completion of Its First Bond Issuance!
We are proud to have advised Aviv Group on its first bond issuance (Series A), successfully raising ILS 250 million following strong investor demand, with subscriptions totaling approximately ILS 471 million.
The bonds were issued at a fixed annual interest rate of 5.45%, marking another significant milestone in the company’s continued growth. The offering follows Aviv Group’s recent success in Israel Land Authority tenders for the development of 973 residential units in Herzliya and Petah Tikva.
The offering was led by Adv. Israel Shimonov and Adv. Shimrit Melman.
Congratulations to Almadev Real Estate Inc. (formerly Elad Canada) and its CEO, Rafi Lazer, on the company’s return to the Tel Aviv Stock Exchange through an initial public offering of its shares in Israel, raising approximately NIS 325 million.
Almadev, a leading real estate developer primarily focused on the Greater Toronto Area, Canada, with a significant portfolio of income-producing properties, including through its subsidiary Agellan (with bonds traded on TASE), is among the leading real estate companies in the Toronto market.
The transaction was led on behalf of our firm by attorneys Dudi Berland, Benjamin Ben Zimra, Ido Lachman, and Adi Even.
Congratulations to our clients, the founders of The City People, on exercising their right of first refusal and signing an agreement that will give them full control of the company.
We are proud to have advised the founders of The City People on this significant transaction, under which they will acquire Rothstein’s entire 41.32% stake in the company for approximately NIS 100 million, subject to the completion of the required conditions. The transaction reflects a company valuation of approximately NIS 240 million.
The transaction was advised by Adv. Israel Shimonov, Adv. Niv Fogel, and Adv. Lior Kononowicz from our firm.
Our firm represented BST Group Ltd., controlled by the Tanus family, in its Initial Public Offering (IPO) on the Tel Aviv Stock Exchange (TASE), at a post-money valuation of approximately NIS 3 Billion.
This IPO marks another significant milestone for the Group. It follows our firm’s representation of BST Group in its 2022 investment deal with The Phoenix Group, which was executed at a post-money valuation of approximately NIS 1.2 Billion, as well as our representation of BST Canada in its 2025 investment transaction of approximately CAD 160 Million from entities within The Phoenix Group and the Menora Group.
The transaction was led by Advs. Israel Shimonov, Liron Azriel, and Nimrod Nir.
Congratulations to our clients, Reches Real Estate and its shareholders, on the successful completion of a significant investment by Poalim Equity Ltd.!
We are proud to have represented Reches Real Estate, a leader in income-producing logistics and industrial properties in Israel, in a transaction where Poalim Equity invested approximately ILS 40 million in exchange for a 20% stake in the company.
In addition, our firm represented Reches and its existing shareholders- founder Mr. Tomer Katz and Arkin Capital, led by Mr. Nir Arkin- in the formulation of the new shareholders’ agreement with Poalim Equity.
The transaction was led by Adv. Israel Shimonov and Oren Elkabetz .
Congratulations to Barak Rosen and Assi Tuchmeir!
We are proud to have advised Barak Rosen and Assi Tuchmeir, controlling shareholders of Israel Canada Group, on a strategic transaction in which they were granted an option to join a new control group in Aerodrome, alongside businessman Ronen Elad and former Mossad Director Yossi Cohen.
The transaction was led by our legal team: Israel Shimonov, Liron Azriel, and Niv Fogel.
Congratulations to InPlay Oil Corp. on the successful completion of its first public bond offering in Israel, alongside with the dual listing of its shares on the Tel Aviv Stock Exchange and the Toronto Stock Exchange.
InPlay, a Canadian company specialized in oil and gas drilling, is the first Canadian issuer to lead a dual-listing initiative in Israel – a milestone that reflects the growing alignment and mutual confidence between the Canadian and Israeli capital markets, as well as the continued opening of the Israeli market to high-quality international groups.
As part of the offering, InPlay raised approximately NIS 550 million at an annual interest rate of approximately 6.23%.
The transaction was led by Adv. Dudi Berland, Benjamin Ben Zimra, Ido Lachman, and Adi Even.
Congratulations to Gabay Group on the successful completion of its Initial Public Offering (IPO) of shares on the Tel Aviv Stock Exchange!
Gabay Group has successfully completed its IPO on the Tel Aviv Stock Exchange, raising approximately ILS 174 million at a post-money valuation of approximately ILS 875 million.
As part of the offering, approximately 20% of the Company’s shares were allocated to institutional investors. The IPO follows the Group’s two existing series of Bonds, totaling approximately ILS 545 million.
The transaction was led by Adv. Israel Shimonov, Nir Cohen Sasson, and Daniel Tentzer from our firm.
Congratulations to Israel Canada and Acro Real Estate on a merger transaction valued at approximately NIS 10 billion.
We are proud to have advised on one of the most significant and strategic transactions seen in Israel’s capital markets and real estate sector in recent years.
According to this transaction, Israel Canada will acquire control of Acro Real Estate through a combined cash and shares consideration, forming one of the largest and strongest real estate groups in the Israeli market.
The transaction will be executed through a structure of approximately 40% cash and approximately 60% shares, subject to the required approvals.
The transaction was led by Adv. Israel Shimonov, Adv. Liron Azriel and Adv. Oren Elkabetz.
Congratulations to Carasso Real Estate on the successful completion of its Series B debenture offering.
As part of the transaction, the company expanded the series by approximately 327 thousand debentures, for a total consideration of approximately NIS 347 million. Following the expansion, the total outstanding principal of the series now stands at approximately NIS 723 million.
Carasso Real Estate was advised by Advs. Nir Cohen Sasson, Niv Fogel and Perry Zinger Nachum.
Carasso Motors completes a successful capital market Bond offering.
Our firm advised the company on the issuance of a new Bond series in the amount of NIS 500 million. The issuance, which closed at a CPI-linked interest rate of 2.41%, was met with strong demand.
The transaction was led on behalf of our firm by Adv. Nir Cohen Sasson, together with Roy Aharon.
The transaction was led by Adv. Nir Cohen Sasson, together with Roy Aharon.
Congratulations to Fattal Properties (Europe) Ltd. on the successful expansion of its Series F bonds.
As part of the transaction, the company expanded the series by approximately 269 million bonds, for an aggregate consideration of approximately ILS 290 million. Following the expansion, the total outstanding principal of the series now stands at approximately ILS 699 million.
We are proud to accompany Fattal Europe in its extensive capital market activities and its strategic growth.
Fattal was advised on the transaction by Adv. Jonathan Robinson from our firm.
American Equity Partners (AEP) has completed the issuance of a new bond series of approximately NIS 450 million, secured by nine real estate assets in New Jersey and Ohio, at an interest rate of 6.3%.
The issuance was advised by attorneys Dudi Berland, Benjamin Ben Zimra, Itay Yanay, and Adi Even.
Congratulations to Namco Realty LTD on completing the refinancing of Series C through a New Bond issuance of approximately NIS 550 million.
The offering attracted strong demand of over NIS 1 billion from institutional investors.
The transaction was led by attorneys Dudi Berland, Benjamin Ben Zimra, and Uria Mansur.
