News

| Lior Baran
August 28th, 2016

Gornitzky represented the Australian Liberman family, one of the controlling shareholders of the First International Bank of Israel Ltd. in a deal to sell some of their shares

Gornitzky represented the Australian Liberman family, which is one of the controlling shareholders of the First International Bank of Israel Ltd. (through their holdings in F.I.B.I. Holdings Ltd.), in a deal to sell some of their shares in F.I.B.I Holdings Ltd. to a well-known Israeli financial entity. The shares were sold for NIS 80 million.
See full story in TheMarker (Hebrew)

 

The Liberman family was represented by Eli Elya (partner), Lior Baran and Noy Or.

December 23rd, 2014

Gornitzky represented Bank Hapoalim in three simultaneous real-estate financing transactions with Neptune Hotel Ltd., Sella Capital Real Estate Ltd. and Issta Israel Ltd. 

Gornitzky represented Bank Hapoalim (TASE: POLI) in three separate and simultaneous real-estate financing transactions with Neptune Hotel Ltd. (of the ILDC Group), Sella Capital Real Estate Ltd. (TASE: SLARL) and Issta Israel Ltd.

 

Bank Hapoalim was represented by Eli Elya (Partner, Banking and Finance), Lior Relevy (Real Estate), Inbal Ravid-Badner, Nir Keidar and Lior Baran.

June 21st, 2015

Gornitzky represented Bank Hapoalim and Mizrahi-Tefahot Bank in the signing of a NIS 1 billion credit agreement to finance the construction of the TLV Fashion Mall in Tel Aviv

Gornitzky represented Bank Hapoalim and Mizrahi-Tefahot Bank in the signing of a NIS 1 billion credit agreement to finance the construction of the TLV Fashion Mall in Tel Aviv. This is part of the first real-estate project ever in Israel to be financed by a syndication of banks.

 

The banks are represented by Eli Elya (Partner), Tamar Cohen (Partner), Lior Baran, Aviad Rabinowitz and Moran Ben-Moshe Sabato.

May 22nd, 2012

Gornitzky & Co. represented Bank Hapoalim in the complex refinancing arrangement of Bronicki Investments Ltd.'s NIS 500 million debt to the bank, in which the Bronicki family sold 12% of Ormat Industries Ltd. to FIMI Opportunity Fund. 

Gornitzky & Co. represented Bank Hapoalim in the complex refinancing arrangement of Bronicki Investments Ltd.'s NIS 500 million debt to the bank, in which the Bronicki family sold 12% of Ormat Industries Ltd. to FIMI Opportunity Fund.


Within the framework of the negotiations between the parties, Gornitzky & Co. represented Bank Hapoalim in two concurrent financing transactions. The first, between Bank Hapoalim and Bronicki, in which Poalim reinstated the remainder of their loan to Bronicki, with FIMI and Bronicki pledging their holdings in Ormat to secure the loan. The second transaction involved a right granted by FIMI to Bronicki Investments, whereby, under certain conditions, Bronicki can reassign to FIMI the balance of their debt to Bank Hapoalim. In this regard, Gornitzky handled the finance agreement and lien agreements with FIMI, which will come into effect only with the assignment of the loan.


Bank Hapoalim was represented by Eli Elya (Partner), Tamar Cohen and Lior Baran.