News

| Eli Elya
June 26th, 2017

On 17 May 2017, Eli Elya, head of Gornitzky's Australia Desk, attended an exclusive dinner hosted by Solomon Lew, one of Australia's highest profile businessmen, to honor Former Australian Prime Minister, Tony Abbot, and celebrate his honorary doctorate from the Tel Aviv University.

 

The dinner included senior figures from the Israel Australia Chamber of Commerce, Tel Aviv University, prominent business figures and the Australian ambassador to Israel.

December 8th, 2016

Gornitzky represented Bank Hapoalim and other syndicate banks in refinancing a part of Bright Food (Group) Co. Ltd.'s buyout of Tnuva

Gornitzky represented Bank Hapoalim as arranger and lender and other syndicate lenders - Discount Bank, First International Bank of Israel, Clal insurance company and The Phoenix insurance company, in a multicurrency syndicated loans for refinancing a part of Bright Food (Group) Co. Ltd.'s acquisition financing of Israeli food company Tnuva from 2015, the largest financing of a Chinese purchaser in Israel and one of the largest transactions in Israel in recent years.

The clients was represented by Eli Elya (partner), Dubi Gross (partner), Ori Yitzhak (partner), Gila Ponte-Shlush, Nir Keidar and Alon Peled

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.

March 31st, 2016

Yet another successful year and recognition of our outstanding abilities! This year, as in previous years, Chambers and Partners, top ranked our firm in various categories. 

Yet another successful year and recognition of our outstanding abilities! This year, as in previous years, the esteemed international ranking guide, Chambers and Partners, top ranked our firm in various categories. Among those prominently ranked were the Head of the Firm, Adv. Pinhas Rubin, who was ranked Eminent Practitioner in the field of Banking and Mergers and Acquisitions, as well as Band 1 in the field of Tax and Litigation; Adv. Jack Smith (Partner) was ranked Band 1 in the field of Energy and Adv. Chaim Friedland (Partner) was ranked Band 1 in the field of Capital Markets. Additional partners, defined as leaders in their field are Eyal Marom and Shlomo Cohen in Real Estate, Ofer Tzur in Litigation, Itay Geffen in Capital Markets and Infrastructure and Project Finance, Elite Elkon, Eli Elya and Dubi Gross in Banking and Finance, Daniel Paserman and Gil Grady in Tax and Avner Finkelshtein in Antitrust

June 28th, 2015

Gornitzky represented Bank Hapoalim, Mizrahi Tefahot Bank, and The Phoenix as lenders in a NIS 600 million syndicated loan to Mashav - Initiating and Development Ltd., a private holding company which owns Israel's sole producer of cement.

Gornitzky represented Bank Hapoalim, Mizrahi Tefahot Bank, and The Phoenix as lenders in a NIS 600 million syndicated loan to Mashav - Initiating and Development Ltd., a private holding company which owns, among others, Nesher Israel Cement Enterprises Ltd., Israel's sole producer of cement. The loan will be used, in part, to refinance Mashav's debt to the syndication and, in part, for the development of its activities and investments in the areas of industry, infrastructures and energy.


The lenders were represented by Eli Elya (Partner), Inbal Badner and Nir Keidar.

 

March 30th, 2015

Gornitzky & Co. represented the Bank Hapoalim and other syndicate banks in financing a part of Bright Food (Group) Co., Ltd.'s buyout of the Israeli food company, Tnuva.  

Gornitzky & Co. represented the Bank Hapoalim (as arranger and original lender) and other syndicate banks (Bank Discount, First International Bank of Israel and Clal Insurance Enterprises Holdings Ltd.) in financing a part of Bright Food (Group) Co., Ltd.'s buyout of the Israeli food company, Tnuva.  


The lenders were represented by Eli Elya (Partner and Practice Head), Elite Elkon May-Tal (Partner), Dubi Gross (Partner), Nir KeidarOri Yitzhak, Gila Ponte-Shlush, Amnon Biss and Ady Abrams.

August 29th, 2012

Gornitzky & Co. represented Bank Hapoalim B.M. in the NIS 30 million financing transaction of a 3 megawatt photovoltaic power plant in Israel.

Gornitzky & Co. represented the Project Finance Department of Bank Hapoalim B.M. in a transaction valued at approximately NIS 30 million, for the financing of the design, development, construction and operation of a 3 megawatt photovoltaic power plant in Israel.

 

Bank Hapoalim B.M. was represented by Mr. Eli Elya (Partner), Ms. Editte Galli Heyne (Partner) and Ms. Arielle Ruimi.

June 26th, 2017

On 14 May 2017, Gornitzky hosted the opening session of a delegation headed by Elizabeth Proust and Carol Schwartz, two prominent leading female corporate figures with senior positions at some of Australia's largest institutions.

 

The delegation visited Israel to learn from Israeli technologies and meet with companies in the fields of foodtech, fintech and entrepreneurship. The session included a speech from Eli Elya, who heads Gornitzky's Australia Desk, as well as a presentation by iAngels with an overview of investing in Israel and innovation in Israeli technologies.

October 10th, 2016

Gornitzky represented Bank Hapoalim and Menora Mivtachim group as a syndication of lenders in a real estate financing project that is expected to include a large commercial centre in Hadera. 

Gornitzky successfully represented Bank Hapoalim B.M. and Menora Mivtachim group as a syndication of lenders in a real estate financing project that is expected to include a large commercial centre in “Agrobank Site” in Hadera. The financing that will be granted by the syndication will be used for the completion of the commercial centre in “Agrobank Site” in Hadera. This real estate financing necessitates highly complex agreements and a large security package.

 

Bank Hapoalim and Menora Mivtachim group were represented by Eli Elya (partner), Lior Relevy (partner), Inbal Badner, Ariel Zeevi and Moran Ben-Moshe.

April 6th, 2016

Gornitzky will be sponsoring and presenting at a luncheon of the Israel-Australia Chamber of Commerce to welcome an Australian trade delegation, Premier of NSW on 7 April 2016. 

Gornitzky will be sponsoring and presenting at a luncheon of the Israel-Australia Chamber of Commerce to welcome an Australian trade delegation headed by the Hon. Mr. Mike Baird, Premier of NSW on 7 April 2016. The delegation represents the first ever visit to Israel by the Premier of NSW to Israel, underscoring the growing ties between Israel and Australia. The event will be attended by senior Australian and Israel business, banking and industry representatives. The event will be covered by both Australian and Israeli media outlets.

October 16th, 2015

Gornitzky represents Bank Hapoalim B.M. in a bridge term loan to a leading Italian infrastructure contractor

Gornitzky represents Bank Hapoalim B.M. in a bridge term loan to a leading Italian infrastructure contractor to finance EPC works of Sections 7 and 3 of the Cross Israel Northern Highway B.O.T. project.

 

The Gornitzky team was led by Partners Eli ElyaDubi Gross and Associate Arielle Ruimi 

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.

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.

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.