Our firm accompanied Carasso Motors Ltd. in an expansion of both Series A and C Bonds for a total amount of approx. NIS 520 million.
Our firm accompanied Akro Group Ltd. in a private offering of Bonds by way of expanding Series A for a total amount of approx. NIS 200 Million
Our firm is proud to have advised Tnuport (1990) Ltd. in issuing 640 million NIS in a new series of bonds, backed by Tnuport’s real-estate assets and 50% of Zemach-Tnuport shares. Among others, this fundraising will be used for full early redemption of the Series A bonds, for an estimated amount of 386 million NIS.
Our firm accompanied Carasso Real Estate Ltd. On it’s NIS 250 million bonds issuance, rated ‘il.A-‘.
Our new offices are ‘front-and-center’, featured in an online article, which showcases the special design process of the architect Raz Melamed.
Our firm accompanied Akro Group Ltd. in a public offering a new series of Bonds for a total amount of approx. NIS 500 million.
Our firm represented Sapir Corp Lrd, controlled by businessman Alex Sapir, in issuing 290 million NIS in a new series of bonds traded on the TASE, by way of uneven offer, secured by a first mortgage on ‘Nomo Soho’ Hotel in New York. Among others, this fundraising was used for the refinance of the senior debt on the hotel.
Our firm accompanied Carraso Ltd. in its first public offering of shares at a pre-money valuation of 1.8 billion NIS, raising 332 million NIS. A total of 164 million NIS worth of Carraso Real Estate shares were sold in the offering.
Our firm has been ranked “Top Tier” by the prestigious BdiCode ranking guide for 2022 in the Capital Markets practice field.
Proud to be ranked as one of Israel’s leading firms (tier1) in the Capital Markets practice areas by the Israeli ranking guide Duns’100.
Our firm represented MRR Thirteen Limited, controlled by industrialist Anand Mahindra and New York real estate owner and developer Rotem Rosen in issuing 360 million NIS in a new series of bonds traded on the TASE, by way of uneven offer, secured by a first mortgage on Hotel Indigo Lower East Side New York and on the membership interest of MRR in an LLC which acquired a land parcel in Miami. Among others, this fundraising was used for full early redemption of the Series A bonds and the acquisition of the Miami land parcel.
Our firm represented A.R. REM Projects controlled by the Nakash brothers, Raz Oded and Avi Hormaro in a transaction in which Leumi Partners acquired 7.5% of the holdings in ICR Israel Canada REM Holdings Ltd. for NIS 60 million, at a value of NIS 850 million.
Our Firm represented ETGA, one of the leading companies in Israel in the field of logistics, maritime, and air shipping, with extensive activity in the field of non-banking financing – on its first public offering (IPO), raising NIS 130 million for a total value of NIS 400 million (pre-money).
Attorneys Dudi Berland , Benjamin Ben Zimra and Ido Lachman of our firm were in charge for this IPO
Primotec Group Ltd., company which operates mainly in manufacturing, importing and marketing wide range of disposable and expendable products and complementary and ancillary equipment for institutional and retail market in Israel, has successfully completed its share’s IPO in the amount of approx. NIS 75 million, at a company value of approx. NIS 285 million pre money, and listed its shares on the Tel Aviv Stock Exchange.
Our firm represented the real estate company Extell Limited, controlled by Mr. Gary Barnett, in a Series C first public offering and expansion by private placement in the total amount of approximately NIS 240 million
Our firm represented Gabay Properties And Development Ltd. in the issuance of a new unsecured bond series, in which it raised NIS 80 million par value of bonds at an interest rate of 4.19%
Our firm represented Namco Realty Ltd. in the expansion of their Series A bond issuance in the amount of NIS 85 million.
Our firm and its founder, Adv. Israel Shimonov, have been ranked “Top Tier” by the Chambers and Partners legal ranking guide for 2021 in the Capital Markets practice field. In addition, our firm’s Senior Partner, Adv. Amir Bar Tov has once again been ranked as a Top Tier lawyer in the field of Insolvency by the Chambers and Partners legal ranking guide for 2021.
Our firm represented Carasso Motors Ltd. in a 460 million bond funding, in two series. The funding included the issuance of a new series of bonds, subordinated to Carasso’s senior debt and secured by pledges on its leasing company’s vehicles, as well as expansion of a senior series.
Our firm represented PACIFIC OAK SOR (BVI) HOLDINGS, LTD (part of the PACIFIC OAK Group from California) in expansion of its series A bonds by a private placement to classified investors in the amount of NIS 245 million.
Our firm represented ETGA, one of the leading companies in Israel in the field of logistics, maritime, and air shipping, with extensive activity in the field of non-banking financing – in its first public offering (IPO), raising NIS 130 million for a total value of NIS 400 million (pre-money).
Our firm represented Solear on its prospectus for its initial public offering and offering of its shares on the Tel Aviv Stock Exchange Ltd., amounting to NIS 132 million, at a company value of approximately NIS 600 million.
Our firm accompanied Spencer Equity Group Limited in its private issuance of bonds (series B) to classified investors in the amount of NIS 250 million, by way of expanding the outstanding series.
Shimonov & Co. is representing Nofar Energy Ltd. in the largest equity offering on TASE so far for 2020 (NIS 600 Million).
Nofar Energy is represented by the firm’s partners Adv. Israel Shimonov and Adv. Ayana Wechsler, Adv. Igor Katz (head of Professional Dept) and associates- Adv. Tal Naar and Adv. Nofar Haber.
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%.
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 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.
As in previous years, our firm has been ranked by the international ranking guide, The Legal 500, among the top Israeli law firms in the Capital Market practice area – with Adv. Israel Shimonov ranked as one of the foremost experts in the field. The guide also acknowledged our firm as a leader in the Insolvency practice area which is lead by Adv. Amir Bartov.
Additional COVID19 crisis concessions for the capital markets:
The Israeli Securities Authority announced yesterday additional concessions for regulated entities, primarily granting a 30-days extension for filing the quarterly reports for the first quarter (until June 30, 2020), as well as a postponement of the expiration of shelf prospectus by 60 days for prospectuses that expire during this period.
The Israeli Securities Authority (ISA) announced a few reliefs following implications of the Coronavirus outbreak on the business operations of reporting corporations. The ISA announced a 30 days extension for Israeli corporations to publish their periodic reports for the year of 2019 (till 30.4.2020).
Shimonov & Co. law firm is proud to be ranked as a leading firm in the Capital Markets practice area by the Chambers and Partners International Ranking Guide for 2020, as well as the ranking of Adv. Israel Shimonov and Adv. Amir Bartov as Israel’s leading lawyers in their fields.
