Dubi Gross is a partner at Gornitzky & Co.
Dubi joined the firm as a partner after spending five years in the Banking & Capital Markets group in the London office of White & Case LLP.
Dubi is qualified as an Advocate in Israel and a Solicitor in England & Wales. Dubi represents foreign lenders and sponsors in cross-border inbound secured financings, both private credit and syndicated, with a primary focus on acquisition finance across sectors and growth financings in the technology sector.
Recent notable acquisition and other debt finance experience includes:
- Advised FTV as sponsor in the financing of recommended cash acquisition of Windward Ltd., a leading maritime AI company, effected by way of a merger under the Israeli Companies Law
- Advised the lenders in financing of acquisition of Israeli cyberattack company Paragon Solutions Ltd. by AE Industrial Partners
- Advised major global credit fund in dividend recap of Israeli software company
- Advised HPS Investment Partners as lender in connection with term and revolving loan facilities provided to Ribbon Communications Inc. (NASDAQ:RBBN)
- Advised OPKO HEALTH, INC. (NASDAQ:OPK) as issuer in a complex $250 million royalties backed financing with HealthCare Royalty Partners
- Advised an international credit fund on an acquisition financing of an Israeli active pharmaceutical ingredients company
- Advised an international credit fund on an acquisition financing of an Israeli software company
- Advised large US venture and growth lender in several credit facilities to Israeli technology companies
- Advised the arrangers and senior lenders on the syndicated sustainability-linked €2.4 billion portfolio financing (and subsequent upsize) of European data centres owned and operated by EdgeConneX, the EQT-owned edge-network data centre developer
- Advised Deutsche Bank AG New York Branch in connection with term loans provided to Trax Solutions Retail Ltd.
- Advised BC Partners / Keter Plastic on the restructuring of its acquisition financing
- Advised a major global credit fund on the restructuring of growth financing to Israeli software company including in-court enforcement of security
- Advising an international credit fund in a large scale proposed large scale real estate finance transaction
- Advising IPM Beer Tuvia 450 MW CCGT power station in the refinancing of circa 1 billion NIS project finance debt
- Advising Israeli lenders in export finance buyer credit transactions
- Representation of an international bank in connection with senior debt facilities provided to a Chinese purchaser to finance the buyout of an Israeli healthcare company.
- Representing a borrower in a NIS 350,000,000 mezzanine financing backed by an operating power station
- Representation of two Israeli financial institutions on a cross-border EUR 40,000,000 syndicated mezzanine loan to AFI Europe N.V., a Dutch subsidiary of AFI Properties Ltd. (TASE:AFPR) secured on shares in a wholly owned Cypriot subsidiary which in turn holds a Romanian company that owns AFI Palace Cotroceni, a shopping mall located in Bucharest, Romania
Notable transactions (prior to rejoining Gornitzky) include:
- Representation of JSC BTA Bank, the largest bank of Kazakhstan, in its USD 16.65 billion debt restructuring, including publicly traded Eurobonds, bilateral and syndicated loans and trade finance debt. This transaction was winner of the ‘Innovation in Financial Services’ category of The Financial Times Innovative Lawyers Awards 2009 and Euromoney CEE Deal of the Year for 2010;
- Representation of the underwriters, led by Morgan Stanley, on a EUR 200 million secondary offering of shares by Kardan in the Warsaw Stock Exchange-listed GTC;
- Representation of JSC BTA Bank in a USD 700 million revolving trade finance facility with The Royal Bank of Scotland acting as agent;
- Representing Sumitomo Mitsui, Bank of Tokyo-Mitsubishi UFJ and Mizuho Corporate Bank as lenders and arrangers, in a JPY 82.5 billion (USD 1 billion) credit facility for the Israeli pharmaceuticals giant Teva Pharmaceuticals;
- Representation of Bank Hapoalim as arranger and lender under a EUR 24.8 million facility to fund Elad Europe’s purchase/refinancing of a series of German real estate loans originally issued by certain Elad Europe subsidiaries, purchased out of a securitization vehicle;
- Representation of Citigroup, Deutsche Bank and The Royal Bank of Scotland as joint lead managers, and Nomura and Société Générale as co-managers on the debut USD 500 million bond issuance by State Oil Company of the Azerbaijan Republic (“SOCAR”);
- Representation of Strauss Group Ltd. in the sale of a 25% stake in its international coffee business to private equity fund Texas Pacific Group;
- Representation of JSC BTA Bank in the listing and admission to trading of GDRs and notes on the Euro MTF Market of the Luxembourg Stock Exchange;
- Representation of a Russian agricultural company in its proposed IPO combining an international offering with an admission to trading on the MICEX and RTS stock exchanges (Russia);
- Representation of Starcomms Plc, a leading provider of telecommunications service in Nigeria, in connection with its proposed combined international offering and domestic listing of GDRs and their admission to trading on the Professional Securities Market of the London Stock Exchange;
- Representation of Morgan Stanley as arranger and dealer on the update of the EUR 2 billion EMTN Programme of Česká exportní banka a.s. irrevocably and unconditionally guaranteed by the Czech Republic;
- Representation of several institutional and retail investors in relation to their exposure to MF Global (UK) Limited, the first insolvency under the UK Special Administration regime, and in trades of claims on MF Global;
- Representation of Deutsche Bank as depositary for ADR and GDR programs.
