News

| Uri Heller
March 30th, 2017

Gornitzky represented Ofer Investment Ltd., in two financing agreements in a total sum of NIS 240 Million.

Gornitzky represents Ofer Investment, the major holdings company of the Ofer Family, in NIS 240 Million financing agreements

Gornitzky successfully represented Ofer Investment Ltd., the major holdings company controlled by the Ofer Family, in two substantial Financing Agreements with Discount Bank the Phoenix group in a total sum of NIS 240 Million.

 

Ofer Investment was represented by Kfir Yadgar (managing partner), Uri Heller (corporate and financing) and Aviv Urinowski (real-estate).

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 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 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).

October 28th, 2015

Gornitzky & Co. represented Barak Capital, a leading Israeli investment group, in a capital raising of approx. NIS 280 Million by way of rights issuance of perpetual bonds to its shareholders.

Gornitzky & Co. represented Barak Capital, a leading Israeli investment group, in a capital raising of approx. NIS 280 Million by way of rights issuance of perpetual bonds to its shareholders.

In addition, Gornitzky & Co. succeed to revoke an injunction filed against Barak Capital by one of its minority shareholder which seek to prevent Barak Capital from completing the capital raising. 

 

Read the full story (Hebrew)


Barak Capital was represented by Ofer Tzur (Partner), Kfir Yadgar (Partner), Uri Heller and Shani Weiss

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

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.

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 4th, 2016

Gornitzky represented Osem Investments Ltd., in a substantial “Reverse Triangular Merger” pursuant to which Nestle shall acquire all Osem’s "floating shares” in cash (representing a valuation of NIS 9.13 Billion)

Gornitzky represented Osem Investments Ltd. (“Osem”), one of the leading companies in the food industry is Israel, in a substantial “Reverse Triangular Merger” pursuant to which Nestle S.A. ("Nestle"), the controlling shareholder of Osem, shall acquire all Osem’s "floating shares" (held by the public) in a cash consideration representing a valuation of NIS 9.13 Billion for Osem. Subject to the completion of the merger transaction, Osem will be delisted from TASE and become a private company wholly owned by Nestle.


See full story (Hebrew)


Osem was represented by Lior Porat (Partner), Yair Shiloni (Partner) and Uri Heller (Associate). 

July 8th, 2015

Gornitzky represented Oxygen and Argon Works Ltd. in the signing of a NIS 186 million investment transaction with FIMI Opportunity Funds.

Gornitzky represented Oxygen and Argon Works Ltd. ("OXAR"), one of Israel's largest manufacturers and suppliers of industrial gases, in the signing of a NIS 186 million investment transaction with FIMI Opportunity Funds, for which FIMI shall receive 51% of OXAR's share capital. The closing of the investment is subject to, inter alia, the approval of the Israel Antitrust Authority.

 

Oxygen and Argon Works provides industrial gases to over 500 institutions and factories in Israel, including leading companies in the metal, electronic, chemical, petrochemical, food, glass and recycling (environmental) industries, as well as research institutes, universities, medical institutions and the Israeli Ministry of Defense.

 

The representation of Oxygen and Argon Works Ltd. was led by Gur Y. Savir (Partner) and Uri Heller. The proceedings vis-à-vis the Israel Antitrust Authority are being led by Avner Finkelshtein (Partner) and Noa Schweitzer.