News

| Yiftah Farber
February 8th, 2018

Gornitzky represents Rimonim in a lease transaction worth over NIS 50 million. 

Gornitzky represented Rimonim hotels chain in a lease transaction worth over NIS 50 million, according to which Rimonim will manage and operate the Kedma Hotel, currently under construction near kibbutz Sde Boker in southern Israel. In the framework of the transaction, Rimonim will provide the owner, Neot Boker Ltd. (jointly held by private entrepreneurs and Kibbutz Sde Boker) with a NIS 10 million loan.

The hotel will be opened for the public towards the end of 2018, and will include approximately 140 rooms and suites. 

 

Rimonim was represented by Managing Partner Kfir Yadgar, Partner Yiftah Farber and Associate Dafna Sidkiyahu.

April 5th, 2017

Gornitzky represented Fattal in a transaction with Issta Group for the acquisition of 3 hotels in Cyprus, in the aggregate amount of Euro 80 million.

Gornitzky & Co. represented Fattal Hotels in a joint transaction with Issta Group for the acquisition of 3 hotels in the city of Paphos in Cyprus, in the aggregate amount of Euro 80 million.

Our firm dealt with various aspects concerning the transaction, including the shareholder's agreement between Fattal and Issta with respect to the establishment of the joint company that purchased the hotels and the long term lease agreements for the management and operation of the hotels by Fattal Group. In addition, Gornitzky represented Fattal in the finance agreement with the Phoenix Insurance Company Ltd. and additional entities from the Phoenix Group, in a principal amount of Euro 56 million, for purchasing the hotels aforementioned.

 

Fattal Hotels was represented by Kfir Yadgar (Partner) and Yiftah Farber (Partner), together with associates Aviad Rabinowitz and Dafna Sidkiyahu

September 10th, 2015

Gornitzky represents China Railway tunneling Group (CRTG) and its partner Solel Boneh, in a petition against their successful win of a NIS 2.9 Billion tender for the Tel Aviv Light Rail project

Gornitzky represented CRTG, a subsidiary of China Railway Engineering Group Ltd., the largest Chinese company specializing in underground works,  and its partner Solel Boneh in a successful dismissal of a petition filed to the Tel-Aviv District Court and to the Tender Committee in connection with their win of a NIS 2.9 Billion tunneling tender published as part of the Tel Aviv Metropolitan Area Mass-Transit System.

February 21st, 2013

Gornitzky & Co. represented Arison Holdings, which holds the controlling stake in Bank Hapoalim, in raising NIS 2.5 billion in a private placement - one of the largest in recent years.

Gornitzky & Co. represented Arison Holdings, which holds the controlling stake in Bank Hapoalim, in raising NIS 2.5 billion in a private placement. This placement is one the largest to transpire in recent years.

 

Arison Holdings was represented by Itay Geffen (Partner) and Yiftah Farber.

January 12th, 2011

Policity Ltd, represented by Gornitzky & Co., has recently been named preferred bidder in a tender for the design, finance, construction, operation and maintenance of the national training center of the Israeli Police, estimated at NIS 1.8 billion

Gornitzky & Co. represented Policity Ltd, a single purpose company held by Shikun & Binui Ltd (TASE:SKBN) (50%) and Hashmira Ltd. (of the G4S group) (50%), in submitting its bid in the tender for the design, finance, construction, operation and maintenance of the national training center of the Israeli Police for a period of 25 years. Policity Ltd has recently been declared preferred bidder in the tender.

 

The project is to be constructed in the western industrial zone of the Israeli city of Beit Shemesh, in an area of approx. 230 dunams (approx. 57 acres) and will include different structures in an estimated scope of 42,000 meters of main areas and service areas in an estimated scope of 20,000 meters. The approximate scope of occupancy of the training center is 2,000 cadets on weekdays. Policity will be entitled to a construction grant, a fixed quarterly payment and additional variable payments for the different operation and maintenance services to be supplied, summing up to approximately NIS 1.8 billion.

 

The team handling the representation included Itay Geffen (Partner) and Yiftah Farber.

July 6th, 2017

Gornitzky represents Shikun & Binui in the financial closing of a large-scale project.

Gornitzky represented Shikun & Binui Group, Israel’s leading infrastructure and real estate group, in the financial closing of a large-scale project for the construction of a photovoltaic solar power plant (MW120) in Kibbutz Zeelim, for approximately NIS 650 million. This is meant to be the largest power plant ever to be built in Israel.

 

Shikun & Binui Group was represented by Partners Itay Geffen (Head of Infrastructure) and Yiftah Farber, together with Associates Maya Dvir and Liron Koren.

February 26th, 2017

Gornitzky represents 'Dan Group' in a complex purchase transaction to sell "Lahav Warehouse" retail, a supermarket chain held by Dan Group, to 'Freshmarket' Ltd.', for an amount exceeding NIS 90 million

Gornitzky represents 'Dan Group' in a complex purchase transaction to sell "Lahav Warehouse" retail, a supermarket chain held by Dan Group, to 'Freshmarket' Ltd.', for an amount exceeding NIS 90 million. As part of the transaction, our legal team dealt with various legal aspects regarding M&A, Antitrust, Corporate, etc. Moreover, as part of the transaction's condition precedents, the parties were obligated to receive the Israeli Antitrust Commissioner's approval for the acquisition, as well as to receive the consent of the lessors of the properties on which Lahav Warehouse supermarkets operated, in order to assign the relevant leases to Freshmarket Ltd.

 

Dan Group was represented by Kfir Yadgar (partner), Yiftah Farber (partner) and Maya Dvir.

May 20th, 2015

Gornitzky represented China Railway Tunnel Group (CRTG) in their win of the NIS 2.9 billion tender to build the tunnels and underground stations in the western section of the Tel Aviv light rail's red line.

Gornitzky represented China Railway Tunnel Group (CRTG) in their win of the NIS 2.9 billion tender to build the tunnels and underground stations in the western section of the Tel Aviv light rail's red line, together with the Solel Boneh unit of Shikun & Binui Holdings Ltd. This tender is largest tender in the project operated by NTA Metropolitan Mass Transit System Ltd.


China Railway Tunnel Group is represented by Itay Geffen (Partner), Yiftah Farber and Amit Levy.

January 15th, 2013

Gornitzky & Co. represented Mustang Mezzanine Fund in connection with a mezzanine loan to Malka Retail Group Ltd., a privately-held company and a dominant middle-size fashion manufacturer and retailer, with leading brands such as “ML” and “Jump”.

Gornitzky & Co. represented Mustang Mezzanine Fund in connection with a mezzanine loan to Malka Retail Group Ltd., a privately-held company, and a dominant middle-size fashion manufacturer and retailer, with leading brands such as “ML” and “Jump”. The transaction with Mustang is directed towards funding the future non-organic growth of the group.

 

Mustang Mezzanine Fund was represented by Mr. Chaim Friedland (Partner), Mr. Yair Shiloni (Partner), Mr. Yiftah Farber and Mr. Yoav Meer.