News

| Dubi Gross
January 31st, 2018

Gornitzky represented IPM Beer Tuvia Ltd. in all phases of the initiation and the financial closing process for the construction of a 450 megawatt conventional power plant.

Gornitzky represented IPM Beer Tuvia Ltd. in all phases of the initiation and the financial closing process for the construction of a 450 megawatt conventional power plant. The initiation phases included complex regulatory consulting, negotiations vis-à-vis the equipment provider and the building and operating contractor of the Siemens AG power plant and gas providers, Tamar and Leviathan. Negotiations for the financing agreements were carried out with Deutsche Bank and Bank Hapoalim, in the scope of approximately NIS 2 billion, and were also supported by guarantees from Euler Hermes, a foreign trade credit insurance company, entrusted by the German government.

 

The company was represented by Partners Jack Smith and Dubi Gross, together with Associates Amit Levy, Yael Kleinman and Avigail Labaton.

June 1st, 2016

Gornitzky represented IPM Beer Tuvia in an agreement for the purchase of natural gas  from the Leviathan project JV for an aggregagte amount of appx. USD 3 billion 

Gornitzky represented IPM Beer Tuvia in an agreement for the purchase of natural gas from the Leviathan project JV for an aggregagte amount of appx. USD 3 billion for a 430MW power plant, which will be built in Beer Tuvia. Construction costs are estimated to be about USD 400 million.In addition, our firm provides ongoing legal advice, regarding the construction, operation and financing of the plant.

 

See related article in TheMarker (Hebrew)

 

IPM is represented by Jack Smith (Partner), Dubi Gross (Partner) and Moshe Krieger.

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 

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.

October 29th, 2013

Gornitzky represented A.D.O. Group Ltd. in its acquisition of a EURO 98 million German residential real estate portfolio from British property fund manager Stenham.

Gornitzky represented A.D.O. Group Ltd. (TASE: ADO) of the Shikun & Binui Group (TASE: SKBN) in its acquisition of a EURO 98 million German residential real estate portfolio from British property fund manager Stenham for cash and shares in A.D.O. Group. The portfolio comprises 48 buildings in Berlin including approximately 1,150 residential units.


A.D.O. Group Ltd. was represented by Yair Shiloni (Partner), Dubi Gross (Partner) and Yehonatan Raff.

April 28th, 2013

Gornitzky represented Chinese conglomerate, Fosun International Ltd., in their acquisition of Alma Lasers Ltd. for approximately USD 240 million.

Gornitzky represented Chinese conglomerate, Fosun International Ltd. (HK: 656), in all legal aspects of their approximately USD 240 million acquisition of a 95.6% stake in Alma Lasers Ltd., a manufacturer of lasers used in cosmetic surgery. Alma Lasers was purchased by Fosun International's subsidiaries, Shanghai Fosun Pharmaceuticals (Group) Co. Ltd. and Chindex Medical Ltd., and its private equity fund, Pramerica-Fosun China Opportunity Fund.

 

Fosun International is the largest private-owned (non-governmental) conglomerate in Mainland China. This is Fosun International's first acquisition since its public offering on the Hong Kong Stock Exchange and its first ever investment outside of China.

 

Fosun International Ltd. was represented by Chaim Friedland (Partner, Corporate), Gil Grady (Partner, Tax), Dubi Gross (Partner, Corporate), Avner Finkelshtein (Antitrust), Gilad Lubinsky (Litigation), Michael Ayalon (Labor), Mirit Ber-Hoffman, Yehonatan Raff, Joanna Yanowsky and Yoav Meer.

February 27th, 2013

Gornitzky & Co. represented Fattal Group in their NIS 1.5 billion purchase of 20 hotels in Germany - one of the largest hotels deals in Europe in recent years.

Gornitzky & Co. represented Fattal Group in their NIS 1.5 billion purchase of 20 hotels in Germany - one of the largest hotels deals in Europe in recent years.

 

Fattal Group, together with a consortium of international investors, signed an agreement to acquire from Goldman Sachs the entire share capital of the Queens Moat Houses (Germany) Holding GmbH, which maintains a portfolio of the 20 hotels.

 

Fattal Group was represented by Mr. Jack Smith (Partner), Mr. Dubi Gross (partner), Ms. Shiri Shani (Partner) and Mr. Yisrael Spero (Partner).

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

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

May 12th, 2015

Partner Dubi Gross was interviewed by i24 news regarding the main economic issues that dominated the recent UK elections.

February 27th, 2014

Dubi Gross, a partner at Gornitzky & Co., was featured in an article in the Globes newspaper on China's penetration into the Israeli market.

Dubi Gross, a partner at Gornitzky & Co., was featured in an article in the Globes newspaper on China's penetration into the Israeli market, in light of the possible sale of Israeli dairy manufacturer, Tnuva, to China’s state-owned Bright Foods company.

 

Mr. Gross maintains that there are several important factors to take into account when doing business with the Chinese, "The Chinese internal procedures, such as decision-making procedures, are highly structured and different from what we are accustomed to. They are longer processes, with a particular order, and you can not bypass or shorten the procedures." Mr. Gross attributes this in part to the numerous Chinese regulatory demands and authorizations required when taking money out of the country. As one who represents Chinese companies in negotiations, he noted their thorough and pleasant nature; even in tense situations.

Read the full story (Hebrew):

June 23rd, 2013

Gornitzky represented Negev Energy – Ashalim Thermo-Solar Ltd. in their win of a BOT tender for the design, finance, construction and operation of a USD 1.1 billion solar thermal plant in Ashalim with a net power output of up to 121 megawatts.

Gornitzky represented Negev Energy – Ashalim Thermo-Solar Ltd., a company equally held by Shikun & Binui - Renewable Energy Ltd. (TASE: SKBN) and a subsidiary of Spain's Abengoa Solar S.A., in their win of a BOT tender published by the Government of Israel for the design, finance, construction and operation of a USD 1.1 billion solar thermal plant in Ashalim with a net power output of up to 121 megawatts.

 

The planned concentrated solar power plant is expected to operate as a parabolic trough plant with 4.5 hours of thermal energy storage. Electricity generated in the plant will be purchased by Israel Electricity Corporation over a 25 year power purchase agreement.

 

Negev Energy was represented by Itay Geffen (Partner), Dubi Gross (Partner), Moshe Krieger, Imri Kozak and Arielle Ruimi.

April 24th, 2013

Gornitzky advised Prolor Biotech Inc. in their merger with Opko Health Inc., under which Opko will acquire Prolor in a stock-for-stock merger valued at approximately USD 480 million.

Gornitzky advised Prolor Biotech Inc. (AMEX: PBTH; TASE: PBTH) in connection with their proposed merger with Opko Health Inc. (NYSE: OPK). Under the merger agreement, Opko will acquire Prolor for USD 480 million in shares, one third more than its market cap of approximately USD 370 million. The merger is subject to various conditions, including stockholder approval and regulatory approvals.

 

Prolor Biotech Inc., a biopharmaceutical company focused on developing and commercializing longer-acting proprietary versions of already approved therapeutic proteins, was represented by Chaim Friedland (Partner, Corporate), Gil Grady (Partner, Tax), Dubi Gross (Partner, Corporate), Avner Finkelshtein (Antitrust), Yehonatan Raff and Ariel Davis.

September 11th, 2012

Earlier this month, Gornitzky & Co. welcomed a new partner to the firm, Mr. Dubi Gross. Also to join the firm, over the summer, are four new associates.

Earlier this month, Gornitzky & Co. welcomed a new partner to the firm, Mr. Dubi Gross. Also to join the firm, over the summer, are four new associates.

 

Mr. Dubi Gross is qualified as an Advocate in Israel and a Solicitor in England & Wales. Dubi served as an associate at Gornitzky, from 2001-2006, before receiving his LL.M. at the London School of Economics and Political Science. Thereafter, Dubi worked for five years in the Banking & Capital Markets group in the London office of White & Case, where he was involved in various types of financing transactions and debt restructurings in the banking sector.

 

Gornitzky & Co. has also welcomed four new associates to its ranks over the course of the summer: Mr. Tsachi Hoftman, Mr. Itamar Ben Yehuda, Ms. Lior Grinblat and Mr. Avishai Marom.