News

| Sharon Werker-Sagy
August 15th, 2017

Gornitzky represents SHIR Shlomo Real Estate Ltd. in an exchange tender offer.

Gornitzky represented SHIR Shlomo Real Estate Ltd., of the Shlomo Group, in an exchange tender offer swapping short-term debt with long-term debt, totalling approximately NIS 128 million.

 

The process involved a tender offer over the exchange ratio, allowing the company to choose the exchange ratio between the bond series being swapped, as well as the number of bonds the company wishes to replace.

 

SHIR Shlomo Real Estate was represented by Sharon Werker-Sagy (Partner) and Sharon Strauss (Associate).

July 3rd, 2017

Gornitzky represents Strauss Group in a private placing for institutional bodies.

Strauss Group, the largest food and beverage company in Israel, issues approximately 2.7 million shares in a private placing for institutional bodies, for an aggregate sum of NIS 180 million.

 

Strauss Group Ltd. was represented by Sharon Werker Sagy (Partner) and Shai Chen (Associate).

May 8th, 2017

Gornitzky represents Strauss in a large scale public offering of an aggregate sum of NIS 115.9 million.

Strauss Group, the largest food and beverage company in Israel, issues approximately 1.7 million shares in a public offering for an aggregate sum of NIS 115.9 million.

 

The public offering was conducted following a private placing for institutional bodies, worth approximately NIS 144 million.
 

Strauss Group Ltd. was represented by Sharon Werker Sagy (Partner) and Shai Chen (Associate).

January 19th, 2017

Gornitzky represented Shikun & Binui Ltd. in its issuance of public bonds, in which Shikun & Binui Ltd. raised NIS 348.5 million, by way of expanding an exist series of bonds


Gornitzky represented Shikun & Binui Ltd. in its issuance of public bonds, in which Shikun & Binui Ltd. raised NIS 348.5 million, by way of expanding an exist series of bonds.

Shikun & Binui Ltd. was represented by Sharon Werker-Sagy (Partner)

November 30th, 2016

Gornitzky represented Menora Mivtachim Insurance in connection with two institutional bodies in a deferred liabilities deed, in the amount of NIS 100 million

Gornitzky represented Menora Mivtachim Insurance Ltd. in connection with two institutional bodies – third parties that are not connected to the Menora group - in a deferred liabilities deed, according to which Menora will be granted an amount of NIS 100 million, in return for recognition as complex secondary capital of Menora Insurance, in accordance with the confirmation of the Director of Capital Market, Insurance and Savings Department.


Menora Mivtachim Insurance Ltd. was represented by Sharon Werker Sagy (Partner).

October 5th, 2016

Gornitzky represented Menora Mivtachim Holdings Ltd., one of Israel's five largest insurance & finance groups, in its issuance of a new series of public bonds.

Gornitzky represented Menora Mivtachim Holdings Ltd., one of Israel's five largest insurance & finance groups, in its issuance of a new series of public bonds, in which Menora raised NIS 230 million.

Menora Mivtachim Holdings Ltd. was represented by Sharon Werker Sagy (Partner) and Uri Heller.

May 23rd, 2016

Gornitzky represented Strauss Group Ltd. in preparing a Shelf Prospectus

Gornitzky represented Strauss Group Ltd. in preparing a Shelf Prospectus and receiving approval of TASE for the registration of the Securities for trade on TASE.

Strauss Group Ltd. was represented by Sharon Werker-Sagy (partner) and Maya Dvir

May 1st, 2016

Gornitzky represented Melisron Ltd., the leading real estate company in the field of shopping malls and commercial centers, in a NIS 1.2 billion issuance of public bonds. 

Gornitzky represented Melisron Ltd., the leading real estate company in the field of shopping malls and commercial centers, in a NIS 1.2 billion issuance of public bonds. Melisron issued two new series of bonds, one of them is secured by a real-estate asset, and one existing series was expanded.

 

Melisron Ltd was represented by Sharon Werker-Sagy (Partner), Inbal Zackay-Horev, Uri Heller, Maya Dvir, Michael Goffer (Capital Markets) and Itay Itzkovich (Partner) and Lior Grinblat (Real Estate).

June 29th, 2015

Gornitzky represents a subsidiary of Menora Mivtachim Insurance Ltd in the drafting and publishing of a shelf prospectus and a following public offering of Subordinated Notes

 

 

Gornitzky represented a subsidiary of Menora Mivtachim Insurance Ltd, a leading Israeli insurance company, in the drafting and publishing of a Shelf Prospectus on the Tel - Aviv Stock Exchange, followed by a public offering of subordinated notes in an amount of approximately NIS 250 million.

 

Menora Mivtachim was represented by Sharon Werker-Sagy (partner) and Yoav More

 

 

 

March 30th, 2015

Gornitzky represented Melisron Ltd (TASE: MLSR), controlled by the Ofer Brothers Group, in several public Bond Offerings in an aggregate amount of approximately NIS 930 million.

Gornitzky represented Melisron Ltd (TASE: MLSR), controlled by the Ofer Brothers Group, in several public Bond Offerings in an aggregate amount of approximately NIS 930 million, by way of issuing two new Series of Bonds (one secured) and expanding two existing Series of (secured) Bonds.

 

Melisron Ltd was represented by Sharon Werker-Sagy (partner), Inbal Zakai-Horev and Yoav More

 

 

 

 

November 9th, 2012

Gornitzky is representing a private Canadian company, controlled by Elad Canada's controlling shareholder, in the issuance of an ordinary tender offer for the purchase of traded Series 1 options of Elad Canada.

Gornitzky is representing a private Canadian company, controlled by Elad Canada's controlling shareholder, in the issuance of an ordinary tender offer for the purchase of traded Series 1 options of Elad Canada.  The options are exercisable for ordinary shares, at a total amount of up to approximately NIS 61 million.

 

Sharon Werker-Sagy (Partner) and Etai Mashiah are leading the representation.

July 11th, 2017

Gornitzky represents Strauss Group in a large-scale issuance of a new public bonds series.

Strauss Group Ltd., the largest food and beverage company in Israel, issues a new public bond series in an aggregate amount of NIS 470 million.


Strauss Group Ltd. was represented by Sharon Werker Sagy (Partner) and Shai Chen (Associate).

June 11th, 2017

Gornitzky represents Melisron Ltd. in a NIS 900 million public offering.

Gornitzky represented Melisron Ltd. in a NIS 900 million public offering, by expanding two existing series, traded on TASE, through a shelf prospectus.

Melisron was represented by Sharon Werker-Sagy (Partner), Inbal Zackai-Horev (Senior Associate) and Shai Chen (Associate).

February 22nd, 2017

Gornitzky represents Melisron LTD in an innovative exchange tender offer for the swapping of a  bond series via a tender for the swapping ratio, totaling approximately NIS 540 million

Gornitzky represented Melisron LTD in an innovative exchange tender offer for the swapping of a bond series through a tender for the swapping ratio. As part of the process, short-term bonds were exchanged with long-term bonds (issued by way of expanding a tradable series), totaling approximately NIS 540 million. The exchange tender offer is the first of its kind, allowing the company to determine the swapping ratio between the exchanged bonds, as well as the amount of bonds which the company decides to exchange according to the offers made by holders.

 

Melisron was represented by Sharon Werker-Sagy (partner), Inbal Zackai-Horev (senior associate), Uri Heller and Shai Chen

January 16th, 2017

Gornitzky represented Melisron Ltd., the leading real estate company in the field of shopping malls and commercial centers, in a NIS 940 million issuance of public bonds

Gornitzky represented Melisron Ltd., the leading real estate company in the field of shopping malls and commercial centers, in a NIS 940 million issuance of public bonds. Melisron issued one new series of bonds, which is secured by a real-estate asset, and two existing series was expanded.

 

Melisron Ltd was represented by Sharon Werker-Sagy (Partner), Itay Itzkovich (Partner) Uri Heller, Inbal Zackay-Horev, Shahar Oshri and Shai Chen.

 

October 5th, 2016

Gornitzky represented Melisron Ltd., the Israel’s leading real estate company in the field of shopping malls and commercial centers, in a NIS 152 million issuance of public commercial securities.

Gornitzky represented Melisron Ltd., the Israel’s leading real estate company in the field of shopping malls and commercial centers, in a NIS 152 million issuance of public commercial securities.

 

Melisron Ltd. was represented by Sharon Werker Sagy (Partner), Uri Heller and Shai Chen.

September 22nd, 2016

Gornitzky successfully represented Shikun & Binui Ltd. in an exchange tender offer swapping a short-term debt with a long-term debt totalling approximately NIS 880 million. 

Gornitzky successfully represented Shikun & Binui Ltd. in an exchange tender offer swapping short-term debt with a long-term debt totalling approximately NIS 880 million. The exchange offer involved replacing series of bonds traded at the stock exchange with another series of bonds traded at the Exchange as per the shelf prospectus report.

 

Shikun & Binui Ltd. was represented by Sharon Werker Sagy (Partner) and Shai Chen

May 23rd, 2016

Gornitzky represented Melisron Ltd in a substitution proceedings of public bonds of its subsidiary, British Israel, with new public bonds of Melisron in a value of NIS 1.85 Billion. 

Gornitzky represented Melisron Ltd., the leading real estate company in the field of shopping malls and commercial centers, in a substitution proceedings of two publicly traded series of bonds issued by Melisron's subsidiary, British Israel, with two new series of publicly traded of Melisron’s in a value of NIS 1.85 Billion. The substitution of the bonds is executed by way of a motion to the Tel Aviv District Court in accorfance with section 350 of the Companies Law, pursuant to which British Israel shall cease to be a "Reporting Entity" in accordace with the Securities Law.


Melisron Ltd was represented by Sharon Werker-Sagy (Partner), Inbal Zackay-Horev, Uri HellerMichael Goffer (Capital Markets) and Noam Ronen (Partner, Litigation).

 

February 8th, 2016

Gornitzky represents SH.I.R. SHLOMO REAL ESTATE LTD in its issuance of public bonds

Gornitzky represented SH.I.R. SHLOMO REAL ESTATE LTD of the Shmeltzer Group in its issuance of public bonds, in which SH.I.R. SHLOMO REAL ESTATE LTD raised NIS 100 million, by way of issuing a new series of bonds.

 

SH.I.R. SHLOMO REAL ESTATE LTD was represented by Sharon Werker-Sagy (partner) and Maya Dvir

June 22nd, 2015

Gornitzky representsShikun & Binui Ltd in the drafting and publishing of a shelf prospectus, and a following debt offering

 

 

Gornitzky represented Shikun & Binui Ltd, one of Israel’s leading real - estate and infrastructure companies, in the drafting and publishing of a shelf prospectus on the Tel - Aviv stock Exchange, followed by a debt offering to the public in an aggregate amount of approximately NIS 350 million.

 

Shikun & Binui Ltd was represented by Sharon Werker-Sagy (partner), Yoav More, Ben Goldman and Michael Goffer.

June 10th, 2013

Gornitzky represented Kadimastem Ltd. in its USD 5.5 million initial public offering on the Tel Aviv Stock Exchange.

Gornitzky represented Kadimastem Ltd. (TASE: KDST) in its initial public offering of 3.1 million shares on the Tel Aviv Stock Exchange, for approximately USD 5.5 million. The underwriter of the offering was Rosario Capital Ltd.


Kadimastem is an Israeli biotechnology company focused on the industrial development and commercialization of human pluripotent stem cell-based products for the pharmaceutical and/or medical treatment of diabetes, neurodegenerative diseases and other indications.


Kadimastem Ltd. was represented by Sharon Werker-Sagy (Partner) and Etai Mashiah.