‘The most talented capital markets legal team in Israel‘, Agmon with Tulchinsky Law Firm impresses sources with its ability to ‘innovate and create dynamic legal solutions‘. The firm demonstrates adroit handling of both headline-grabbing equity and debt deals; in terms of the former, department co-head Uri Rosenberg recently paired up with Ran Shalom to represent Veridis Environment in its NIS883m IPO. On the debt side, group co-lead Shirel Guttman-Amira acted alongside Ran Felder to advise Doral Renewable Energy Resources Group on its NIS360m bond offering. Associate Yaara Shchori Ben-Harush provides exceptional support.
Capital markets in Israel
Agmon with Tulchinsky Law Firm
Testimonials
‘The most talented capital markets legal team in Israel, hands down.’
‘What separates this team from the pack is its ability to innovate and create dynamic legal solutions for ever-changing capital markets reality. Lawyers are not just reacting, but rather initiating; this is very rare in other legal teams.’
‘Shirel Guttman-Amira is the #1 capital markets lawyer in Israel. Her ability to think outside the box and tailor legal solutions for complex legal issues is extraordinary. She is able to influence and articulate the best course of action to clients, as well as regulators, and steer them in the right direction.’
‘The team is very efficient, available and up-to-date with the rules and law.’
‘Shirel Guttman-Amira is a stand-out senior partner, while Ran Felder is a stand-out younger partner.‘
Key clients
Leviathan Bond Ltd., an SPC established by Delek Drilling – Limited Partnership
Delek Overriding Royalty Leviathan Ltd, an SPC established by Delek Group Ltd.
Veridis Environment
EQUITAL Ltd.
ISRAMCO Negev 2 – Limited Partnership
Partner Communications Ltd.
Delek Drilling
Navitas Petroleum
Doral Renewable Energy Resources Group Ltd.
Y.H.Dimri Building & Development Ltd
Energix-Renewable Energies Ltd
Amot Investments Ltd.
Dalia Power Energies Ltd.
Rimon Consulting & Management Services Ltd.
Airport City Ltd
TIGI Ltd.
Bank Leumi
Bait Ve Gag
Migdal Insurance
Work highlights
- Represented Bank Leumi in the issuance of new bonds worth NIS9.9bn.
- Acted for Veridis Environment on its NIS883m IPO.
- Advised Aaron Frenkel on the NIS3.1bn sale of shares in Gav-Yam Land Corporation to Property and Building Corp.
FISCHER (FBC & Co.)
FISCHER (FBC & Co.)‘s capital markets practice stands out for its international capability and the group advised a mix of issuers and underwriters on global offerings over the past year. Among its highlight work, corporate lead Avraham Well paired up with US capital markets expert, Sharon Rosen, to represent UBS, as sole global co-ordinator and bookrunner, on the global IPO of ImageSat International. Other key contacts include capital markets head Boaz Noiman, hi-tech specialist, Eran Yaniv, and up-and-coming partner, Vered Oren.
Testimonials
‘The firm’s partners will make themselves available for you anytime, anywhere. They are hard-working, hands-on. Very business oriented.’
‘The team can provide support in various securities laws issues based on its extensive experience. Sharon Rosen can give advice in Israel that combines her US and Israeli experience.’
‘Sharon Rosen is extremely professional and very reliable. Has deep understanding of both Israeli law, and US securities laws and NASDAQ rules. Very much into the details of every paper which is drafted or reviewed by her.’
‘Raz Tepper – very good understanding of the business environment in which our company operates. Provides excellent legal advice, while understanding the company’s commercial needs.’
‘Hezi Kattan is an exceptional individual, great lawyer and great person, with unique business background and understanding.’
Key clients
Paz Oil Company Ltd.
Bezeq the Israel Telecommunications Corp.
Perrigo Company Ltd.
J.P. Morgan Securities LLC
BofA Securities Inc.
Morgan Stanley & Co. LLC
Major insurance groups – Migdal, Harel, Menorah
Tower Semi-conductor
Rafael Advanced Defense Systems Ltd.
ICL Group
Mizrahi Tefahot Bank Ltd
Universal Motors Israel Ltd.
AllMed Solutions
Carmel Winery
Clal Industries Ltd.
Bynet Communications
WeSure Global Tech Ltd.
UBS
Ramot in the City
Icon Group Ltd. (iDigital)
M.G.S. Sport Trading Ltd.
Libra Insurance Company Ltd.
Envizion Medical Ltd.
YBox Real Estate Ltd.
Gilad May Construction Investment and Development Ltd.
XT Investments Ltd.
Qnergy
Kamada Ltd.
Reit 1
Delta Israel Brands Ltd.
Strauss Group
Azorim
REIT Azorim – H.F. Living Ltd.
Strawberry Fields Inc.
Silverstein Properties Limited
Starwood West Limited
Chosen Properties Ltd.
Altitude Investments Ltd.
Generation Capital Ltd.
Check-Cap
Sunflower Renewable Investments
Polar Investments Ltd.
Brill Shoe Industries Ltd.
Nala Digital Commerce Ltd
Quiklizard Ltd.
Work highlights
- Represented Mivne Real Estate in the issuance of a new series of bonds on the TASE totalling approximately NIS1.2bn.
- Acted for UBS, as sole global co-ordinator and bookrunner, on the global IPO of ImageSat International.
- Advised Paz Oil Company on the acquisition of retail chain Freshmarket at a value of approximately $675m, payable in cash and in shares, through a reverse-triangular merger.
Goldfarb Gross Seligman & Co.
Goldfarb Gross Seligman & Co. is the result of a January 2023 merger between Gross & Co and Goldfarb Seligman, a move which brings together two first-rate capital markets practices. The team’s ‘very deep bench of experienced capital markets lawyers‘ cover the waterfront on securities matters. A top choice for seasoned issuers on both equity and debt mandates, the group also represents bulge bracket banks as underwriters on global offerings. Gur Nabel handles a range of complex capital and debt raising transactions, Dubi Zoltak is a go-to within the corporate and capital markets department, and Ashok Chandrasekhar is noted for securities matters. Amir Tzafrir is likewise a key lawyer within the team which is a particularly dominant player in TASE-related matters, with Yuval Eden recently representing Azrieli Group on its NIS3bn bond offering on the TASE. Aya Yoffe is sought after for her extensive expertise in raising public and private capital and debt. Other key names include David Hodak, Adva Bitan and international securities specialist, Perry Wildes .
Practice head(s):
Aya Yoffe; Ashok Chandrasekhar; Gur Nabel; Perry Wildes; Dubi Zoltak; Adva Bitan
Other key lawyers:
Adam Klein; Merav Kainan-Wagner; Aaron Lampert; Doron Segal; Amir Tzafrir; David Hodak; Yuval Eden; Ayelet Krispin
Testimonials
‘The team at Goldfarb has a very deep bench of experienced capital markets lawyers who are active in the Israeli markets as well as on Nasdaq; many have US capital markets experience at top US firms.’
‘Gur Nabel is a one-of-a-kind lawyer. Super knowledgeable and professional, always available, finds unique solutions to complicated situations, a real business partner, and always with a smile. My first choice.’
‘The international capital markets team is excellent. Several lawyers are native English speakers and have trained at US or UK firms, giving them a very broad view of how deals are done internationally. They also have knowledge about the laws and regulatory environments of other countries.‘
‘Aaron Lampert is top-rate, a very skilled practitioner. Really smart and very level-headed.’
‘Both partners and associates are always available, very professional and help with creative solutions as needed. The outstanding advantage is the immediate response at any time and of course the professionalism.’
‘Lawyers are very innovative in their thinking and are excellent practitioners. Amir Tzafrir is a brilliant lawyer.‘
‘The team is very good. They were particularly active in the SPAC market. Adam Klein and Aaron Lampert are both US trained, so understand both Israeli law and how the US works.‘
‘A professional team, committed to the client, very knowledgeable and available.‘
Key clients
Shufersal Ltd.
Isracard Group
Israel Aerospace Industries Ltd.
Thoma Bravo Advantage
Elco Ltd.
Electra Real Estate Ltd.
Electra Consumer Products (1970) Ltd.
Supergas Energy Ltd.
Cellcom Israel Ltd.
Kardan Real Estate Enterprise & Development Ltd.
Kardan Israel Ltd.
Castro Model Ltd.
Citi, JPMorgan Chase & Co., Barclays, Morgan Stanley, Jefferies and Poalim IBI Issuances Underwriting
Consortium of leading global banks and financial institutions
Barclays Capital Inc.
Deutsche Bank
S. Shlomo Holdings Ltd.
S. Shlomo Insurance Company Ltd
Elezra Holdings Ltd. and subsidiaries
Albar Mimunit Services Ltd.
Big Shopping Centers Ltd.
Rami Levy Chain Stores Hashikma Marketing 2006 Ltd.
Victory Supermarket Chain Ltd.
Eldan Transportation Ltd.
Hamashbir 365 Holdings Ltd.
Hachshara Insurance Company Ltd
Hachshara Insurance Holdings Ltd.
Ayalon Holdings Ltd.
Human Xtensions Ltd.
QlikTech International AB
Aviation Links Ltd.
I.C.P. Israel Citrus Plantations Ltd.
Aviv Arlon Ltd.
Z.M.H Hammerman Ltd.
Maslavi Construction Company Ltd.
Radware Ltd.
Sanlakol Ltd.
IP Light
ReWalk Robotics Ltd.
Tikcro Technologies Ltd.
Somoto Ltd.
Averbuch Formica Center Ltd.
UMH Properties, Inc.
MGG (BVI) Limited
Chamoss International Limited
PennantPark Floating Rate Capital Ltd.
GFI Real Estate Limited
Related Commercial Portfolio Ltd.
Klein International Group
Delshah Capital Limited
Cornerstone Properties Ltd.
Waterstone Properties Ltd.
Encore Properties Ltd.
Encore Opportunities Ltd.
MDG Real Estate Global Limited
Buligo Capital Partners
Apax Partners LLP
Itamar Medical Ltd.
Chemomab (Anchiano Therapeutics Ltd.) (formerly BioCanCell Ltd.)
Avgol Industries 1953 Ltd.
Gabay Properties and Development Ltd.
Wize Pharma Inc. (formerly Wize Pharma Ltd.)
Altshuler Shaham Benefits Ltd.
Ashot Ashkelon Industries Ltd.
Tadbik Group
SHL Telemedicine Ltd.
Quik Super Online Ltd.
iArgento
Airtouch Solar Ltd.
Photomyne Ltd.
PomVom Ltd.
Buff Technologies Ltd.
Identi Healthcare Ltd.
Flying SpArk Ltd.
Sufrin Holdings Ltd.
MeaTech 3D Ltd.
Massivit 3D Printing Technologies Ltd.
REE Automotive Ltd.
PTK Acquisition Corp.
ION Acquisition Corp. 1 Ltd.
ION Acquisition Corp. 2 Ltd.
Collective Growth Corporation
Pagaya Investment Israel Ltd
Propdo Ltd.
Urbanica (Palo) Retail Ltd.
Akerstein Group Ltd.
Almeda Ventures Limited Partnership
Alon Israel Oil Company
Alon Natural Gas Exploration
Atreyu Capital Markets
Aura Investments Ltd.
Azrieli Group
Barclays
BiondVax Pharmaceuticals (Nasdaq)
BofA Merrill Lynch
Brainsway (Nasdaq and TASE)
Cipia Vision Ltd.
Citigroup
Clal Biotechnology
Clal Insurance
CIM Commercial Trust Corporation (TASE & Nasdaq)
CollPlant Biotechnologies Ltd. (Nasdaq)
Contguard Ltd.
Dexia Credit Local
Discount Investments
Elbit Imaging
Elbit Medical
Elron
First International Bank of Israel
G. Willi Food Investments (Nasdaq)
Gamla Harel Residential Real Estate Ltd.
Generation Capital Ltd.
Globrands
Goldman Sachs
Grace Breeding Ltd.
Kvasir Education Ltd.
Hadera Paper
Human Extension Ltd.
Innovitech Medical Solutions Ltd.
Israel Acquisitions Corp.
Israel Petrochemical Enterprises Ltd.
Israel Postal Company
Israel Railways
Marketing 66
Medipress Limited Partnership
Mekorot
Moinian Group
Y.D. More Investments Ltd.
Mobilion Tec Limited Partnership
More Provident Funds Ltd.
Morgan Stanley
NeuroSense Therapeutics (Nasdaq)
Novolog
Otonomo Technologies
Optibase (Nasdaq & TASE)
Opal Balance
Or/Shay G.S.
Paz Oil Company
Partner Communications Company Ltd. (Nasdaq and TASE)
Phoenix Insurance
Plaza Centres NV. (London Stock Exchange, Warsaw Stock Exchange and TASE)
Property & Building Ltd.
Raycatch Ltd.
RedHill Biopharma (Nasdaq)
Rothshtein
SatixFy Communications
Shapir Engineering
Shikun & Binui Ltd.
Sol-Gel Technologies (Nasdaq)
Solegreen
SpeedValue Ltd.
Sylinxcom Ltd.
Tadiran
Taya InvestmentsC
Tempo Beverages Ltd.
Tondo Smart Ltd.
UIRC-GSA (BVI) Limited
Vitania
ZIM Integrated Shipping Services Ltd. (NYSE)
Work highlights
- Representing global investment banks (Citi, JPMorgan Chase, Barclays, Morgan Stanley and Jefferies) on co-ordinating Bank Hapoalim’s $1bn global private placement of convertible notes issued in accordance with green bond principles.
- Advising Pagaya Technologies in a de-SPAC agreement for its merger with EJF Acquisition, a special purpose acquisition company (SPAC).
- Represented Azrieli Group in a NIS3bn offering of listed bonds on the TASE.
Gornitzky & Co.
Gornitzky & Co. secures an significant volume of high-profile domestic and cross-border mandates, demonstrating strong skill sets in both debt and equity transactions. Chaim Friedland fronts the global capital markets practice; he recently paired up with Ari Fried, who also specialises in global offerings, to represent the underwriters, led by Oppenheimer, Stifel and Raymond James, in Perion Network’s upsized $180m follow-on public offering on the Nasdaq. Sharon Werker-Sagy spearheads the domestic practice and advised Shikun & Binui Energy on its NIS555m IPO on the TASE. Uri Heller, Yair Shiloni and co-managing partner, Lior Porat, are also noted.
Other key lawyers:
Sharon Werker-Sagy; Yair Shiloni; Ari Fried; Uri Heller
Key clients
Petrotex LP
Group 11 Fund V.
Goldman Sachs
Morgan Stanley
Citigroup
Barclays
J.P. Morgan
Jefferies
Oppenheimer
Stifel
Leader Issuances
Poalim IBI – Underwriting and Issuing
Cantor Fitzgerald
Bank of America Merrill Lynch
William Blair
Cowen
Baird
Canaccord Genuity
Piper Sandler
Cowen and Company
SVB Leerink
UBS
Value Base
Leumi Partners
Israel Corporation Ltd.
OPC Energy Ltd.
Israel Ports – Development & Assets
Razor Labs Ltd.
QuickLizard Ltd.
K.B. Recycling Industries Ltd.
Shikun & Binui/Shikun & Binui Energy
Work highlights
- Advising Shikun & Binui Energy on its NIS555m IPO on the TASE.
- Representing the underwriters, led by Citigroup, Barclays, Goldman Sachs and Morgan Stanley, in Kornit Digital’s $459m underwritten public offering of ordinary shares on Nasdaq.
- Advising Menora Mivtachim Holdings on the spin-off and concurrent TASE-listing of Tera Light.
Herzog Fox & Neeman
‘One of the top capital markets practices in Israel‘, Herzog Fox & Neeman is distinguished by its enviable balance between domestic and global work. With particularly strong capability in equity offerings, high-yield debt, SPAC transactions and event-driven deals, the group recently advised Bank Leumi on its NIS3bn international equity offering, which represented the largest-ever equity offering by a TASE-listed company. Capital markets specialist Nir Dash co-heads the corporate and securities department and jointly led the Bank Leumi work alongside, Ron Ben-Menachem, and Yehuda Aharoni. Niv Sivan, who specialises in regulatory and compliance matters, is also recommended.
Testimonials
‘We believe there is a unique quality about this practice. Herzog’s team stands out from other firms because it is responsive, cooperative, and it is well coordinated with other teams. Herzog’s lawyers respond to clients promptly and have a broad point of view of the business.’
‘We value the team for its fresh thinking, dedication to the client and eagerness to find the appropriate solution.’
‘Nir Dash and Yehuda Aharoni stand out because they provide quality and professional service; they have lots of experience and a broad business vision. Their ability to think creatively and bravely, and to find solutions to difficulties is what sets them apart from others.‘
‘Ran Hai and Nir Dash form the top capital markets team in Israel.‘
‘A highly professional firm providing top level services. It has wide experience in all commercial legal fields and lawyers are available 24/7 for our requests. They are creative and assist in finding solutions.’
‘The team interacts seamlessly with the relevant personnel of the client to provide a superb service.’
‘Ron Ben-Menachem brings a “YES WE CAN” attitude and is able to deliver professionally within a very short time, regardless of time of day.’
‘Ten years ago, Herzog was known more as an M&A firm but its team has become one of the top capital markets practices in Israel. Lawyers are commercial and good at problem solving. Ron Ben-Menahem and Nir Dash are both superb.’
Key clients
BNP Paribas, BofA Securities, HSBC, J.P. Morgan, Citigroup, Goldman Sachs Bank Europe SE, Mizuho Securities
Cowen Inc.
Barcaly’s PLC
Nayax Ltd.
Elbit Systems Ltd.
Retailors Ltd.
Terminal X Online Ltd.
Glassbox Ltd.
NeoGames SARL Ltd.
Israel Electric Corporation
Altshuler Shaham Provident Funds and Pension Ltd.
Aquarius Engines (A.M) Ltd.
Adama Agrochemical Solutions Ltd.
Apax Partners/ AMI Opportunities fund
Clal Industries Beverages Ltd.
Golf Group Ltd.
Adika Style Ltd.
Meshek Energy- Renewable Energies Ltd.
Finnovate Acquisition Corp.
Plus500 Ltd.
Phoenix Holdings Ltd.
rack Capital Properties NV
Aluma Infrastructure Fund (2020) Ltd.
Shikun & Binui Ltd.
Jefferies Group LLC.
Bank Leumi Ltd
Oddity Ltd.
Leonardo DRS Inc.
GE Health Care
Meitav Dah Investments Ltd.
Enlight Renewable Energy Ltd.
Air Touch Solar Ltd.
Energy Inferstructure Ltd.
Splitit Payments Ltd.
Augwind Energy Tech Ltd.
Electreon Wireless Ltd.
Nrgene Technologies Ltd.
WeWork Companies Inc.
Seach Medical Ltd.
Max Stock Ltd.
Value Base Ltd.
Sphera funds
Forter Ltd.
Work highlights
- Advised Bank Leumi on its first-ever international equity offering in an amount of almost NIS3bn.
- Advised Leonardo DRS, a wholly owned subsidiary of Leonardo SpA, on the NIS3.5bn acquisition of RADA Electronic Industries – including the dual listing of the shares of Leonardo DRS on the TASE.
- Represented The Israel Electric Corporation on the international offering of $500m notes in accordance with Rule 144A / Regulation S.
Meitar Law Offices
At Meitar Law Offices‘ capital markets practice, ‘all individuals are always in sync‘, according to sources. The group continues to excel in cross-border offerings, such as its recent representation, alongside Latham & Watkins LLP, of Israel-headquartered Riskified on its $368m IPO on the NYSE. Over the past year, it also advised a slew of issuers on domestic debt and equity offerings. Yoav Nahir spearheads the domestic capital markets practice, while Shachar Hadar fronts the international side. Also noted are Dan Shamgar, seasoned specialist Clifford Felig and Yael Weiss, who recently advised Bank Hapoalim on its landmark NIS4.9bn bond offering.
Practice head(s):
Yoav Nahir; Shachar Hadar; Clifford Felig; Dan Shamgar
Other key lawyers:
Mike Rimon; Elad Ziv; Yael Weiss; David Chertok; Tali Menashe; Matthew R. Rudolph
Testimonials
‘I think that the fact that the team works as one unit, where all individuals are always in sync, is what makes this practice unique.’
‘Each individual in the team is extremely professional, attentive to the company’s needs, provides the requested consult/documents in short periods of time and always with a smile. Particularly the outstanding Tali Menashe.’
Key clients
Riskified Ltd.
Cellebrite
Chemomab Therapeutics Ltd. (formerly known as Anchiano Therapeutics Ltd.)
ImpacX IO Ltd.
Centaurus Investments Limited
Cactus Acquisition Corp. 1 Limited
Kornit Digital Ltd.
Spree Acquisition Corp. 1 Limited
Moringa Acquisition Corp
Perion Network Ltd.
Outbrain
Taboola
Goldman
WalkMe
Monday.com
Stratasys Ltd.
Similarweb
Ironsource
Naschitz, Brandes, Amir & Co.
Naschitz, Brandes, Amir & Co.’s full-service capital markets practice represents issuers and underwriters on a range of debt and equity offerings; the group is also equipped to advise on regulatory and compliance matters. Tuvia Geffen leads the international capital markets group and represented iAngels Partners, the controlling shareholder of Arbe Robotics, in Arbe’s $525m Nasdaq listing via merger with a SPAC. Geffen and corporate heavyweight Sharon Amir are highlighted together as ‘the best of the best‘. The group also draws on the experience of department co-head, Jonathan Feuchtwanger, and next-generation partner, Roi Turgheman.
Practice head(s):
Tuvia Geffen; Jonathan Feuchtwanger
Other key lawyers:
Sharon Amir; Roi Turgheman
Testimonials
‘An excellent firm. Naschitz, Brandes, Amir & Co really know its stuff!‘
‘Sharon Amir and Tuvia Geffen are the best of the best.‘
‘A very professional legal services firm providing personal treatment.‘
Key clients
Check Point
Wix
Caesarstone
Innoviz Technologies
Optibase
Connexa Sport Technologies (fka Slinger Bag)
Morgan Stanley
Goldman Sachs
BofA Securities
Citi
Jefferies
RBC
Tremor International
Gilat Satellite Networks
FIMI Private Equity
Accel Solutions
Tel Aviv Stock Exchange
Sivota
Gong
Senstar Technologies (fka Magal Security Systems)
T.A.T. Technologies
Kamada
TopGum
ALD
Solaer Renewable Energies
Erika Carmel Ltd
Satcom Systems
Bet Shemesh Engines Holdings (1997)
P.C.B. Technologies
G1 Secure Solutions
Micronet
Formula Vision Technologies
Siyata Mobile
Utron
Healthy.io
StoreDot
Amiad Water Systems
Apester
AMoon
IAngels
HAP Tower Journal Square Limited Partnership
HAP Franklin Residences NY Venture Limited Partnership
HAP Seven NY Venture Limited Partnership
Teralight
Shimonov & Co. - Law Firm
Shimonov & Co. - Law Firm is recognised for its strong performance in local listings for domestic and, increasingly, multinational clients. Significantly, it represents over two-thirds of the North American companies listed on the TASE. Name partner Israel Shimonov is sought after for his specialist expertise in the capital markets sphere and recently paired up with Liron Azriel to represent Acro Real Estate on its NIS500m IPO on the TASE. Senior partner Dudi Berland is also highly regarded; he manages the non-Israeli foreign offering department together with Benjamin Ben Zimra. Senior partner Nir Cohen Sasson is a securities expert who is often involved in public M&A relating to companies traded on the TASE.
Practice head(s):
Israel Shimonov; Dudi Berland; Nir Cohen Sasson
Other key lawyers:
Benjamin Ben Zimra
Testimonials
‘An extremely experienced team!‘
‘Benjamin Ben Zimra, and Dudi Berland are outstanding individuals. Extremely sharp and have a genuine ability to strengthen their clients’ positions.’
‘The group is able to produce top-quality work product in a highly time-sensitive environment, as well as understand and synthesize complex matters in a seamless fashion.‘
‘Dudi Berland and Benjamin Ben Zimra are all responsive, efficient, highly capable problem-solvers.’
Key clients
Acro Real Estate
Nofar Energy
Pacific Oak SOR (BVI) Holdings, Ltd. of the Pacific Oak Capital Advisors
Leser Group
Extell
Israel Canada Group
Lightstone Enterprises Limited of the Lightstone Group
ERN Israel Ltd.
Carasso Real Estate
Namco Realty LLC
Aviv Group
Mendelson Infrastructures and Industries Ltd.
Green Street Power Partners LLC
Hertz Investment Group
Pacific Oak Strategic Opportunity REIT II, Inc.
Carasso Motors Ltd.
Tikun-Olam – Cannbit Pharmaceuticals Ltd.
Ace Capital Retail (2016) Ltd.
Gabay Properties and Development Ltd.
Emilia Development Ltd.
A.R. REM Projects Ltd.
Primotec Group Ltd.
Solaer Renewable Energies Ltd.
Argo Properties N.V.
Work highlights
- Represented Acro Real Estate on its NIS500m IPO on the TASE.
- Represented Lightstone Enterprises on its bond offerings on the TASE, including on its NIS430m notes issuance.
- Acted for Carasso Real Estate on its NIS332m IPO on the TASE.
Arnon, Tadmor-Levy
Arnon, Tadmor-Levy, the new entity created by the merger of legacy firms Yigal Arnon & Co and Tadmor Levy, is well-equipped on the capital markets side going forward as both firms combine robust corporate and finance capabilities. Key figure Shiri Shaham is noted for her strong skill sets in debt and equity offerings and recently advised Michlol Financing on its $34m IPO on the TASE. The group also draws on the experience of firm co-managing partner, Gil Oren, capital markets and financial regulation specialist, Amir Scharf, and recently promoted partner, Shai Margalit.
Other key lawyers:
Shiri Shaham; Amir Scharf; Gil Oren; Adrian Daniels; Shai Margalit; Assaf Mesica
Testimonials
‘Arnon, Tadmor-Levy’s capital markets practice is a well-established and well-renowned practice in Israel. It is recognised for its professionalism and the superb services it renders to its clients, mainly in the capital markets and M&A practice areas.’
‘The team is comprised of very proficient, experienced, smart, business-oriented lawyers.’
‘I am always impressed by the team’s professionalism and availability. Its professional products and advice are always spot on and lawyers are courteous and responsive.’
‘Amir Scharf has unique expertise in the in the field and a very practical and useful approach to problem solving and getting things done. He has deep professional knowledge and understanding in the fields of capital markets, financial investment advice and the regulatory framework in Israel.‘
‘Shiri Shaham is very smart, expert in her field, and business-oriented.‘
‘Assaf Mesica is an experienced business-oriented counsel. He has a good understanding of his clients’ needs and comes up with practical solutions. He is very efficient and to the point. It is a pleasure to work with him.’
Key clients
Max It Finance (formerly known as Leumi Card)
Direct Finance of Direct Group (2006) Ltd
Bank Hapoalim Ltd.
Peilim Investment Portfolio Management
Israel Electric Company
Credit Suisse Financial Services (Israel) Ltd.
Taya Investment Ltd.
Shaniv Paper Industries Ltd.
Leumi Bank Ltd.
El Al Israel Airlines
Credit24 Ltd.
Amir Marketing and Investments in Agriculture Ltd.
Paz Oil Company
City Transformer Ltd.
HSBC Bank PLC
JPMorgan Limited
Goldman Sachs Group, Inc.
Morgan Stanley
Citi Global Markets Limited
One Software Technologies Ltd.
Epsilon Underwriting and Issuance Ltd.
INFOR Financial Inc.
Cantor Fitzgerald & Co.
Israel Natural Gas Lines Ltd.
BioLineRx Ltd.
Global Knafaim Leasing Ltd.
Sisram Medical Ltd. (1696:Hong Kong)
Aura Smart Air Ltd.
Orian SH.M Ltd.
Orad Ltd
Windward
Michlol Finance Ltd.
Shapir Engineering and Industry Ltd
Work highlights
- Advised Intel on the Israeli M&A and capital markets elements of its purchase of dual-listed Tower Semiconductor.
- Represented Windward in its IPO on the London Stock Exchange (AIM).
- Advised Michlol Financing on its IPO on the TASE, as well as on a public offering of debentures.
M. Firon & Co Advocates and Notaries
M. Firon & Co Advocates and Notaries is recognised for its distinct knowledge of capital markets matters specific to investment and institutional entities, with its sector expertise demonstrated by close relationships with the Union of Mutual Funds Managers and the Union of Trustees in Capital Markets, among other clients. Capital markets and investment specialist, Oded Ofek, spearheads the funds side of the practice and is ‘effective in resolving issues before regulators‘. On the traditional capital markets side, Udi Efron is adept in representing major corporate issuers on both debt and equity offerings.
Other key lawyers:
Yehuda Gindi
Testimonials
‘Its capital markets “forte” is mutual funds, where it represents around 25% of the market, including the Mutual Fund Managers Association. It is involved with all the relevant and novel issues before the Israel Securities Authority and collaborates with international networks when we need international support.‘
‘Ofek Oded, head of the department of investment entities, is brilliant, creative, and a one-stop-shop expert in his fields of practice, integrating a wide variety of know-how in diverse legal fields, and not only the legal scope of the capital markets.‘
‘The department has great expertise and experience in all legal aspects of the activity of a public company. In addition, the department has a unique expertise in promoting groundbreaking transactions and ventures in the capital market, including the execution of securitization transactions.’
‘The particular capabilities needed to service a conglomerate such as ours are unique and hard to find. M. Firon has robust firepower in capital markets and brokerage and portfolio management as well as in the mutual funds spheres, enabling it to handle the numerous legal questions that arise.’
‘What makes Oded Ofek different from his competitors is a combination of things: he is a pleasure to work with, he is an excellent capital markets lawyer, he is effective in resolving issues before regulators, and innovative and diverse in nature.’
‘M. Firon has extensive experience in advising us on exchange-traded funds “Kranot Sal” (the Israeli ETFs) formation and the development of new products, and on a variety of financial vehicles and schemes in the traded products business. The team has an abundance of great business understanding and is easy to deal with.’
‘Oded Ofek is a very talented professional who provides advice at the highest level. He is intelligent, with deep cross-border understanding, a very hard worker, and a well-known name in the capital markets arena in Israel.’
‘I can point to Oded Ofek’s uncompromising professionalism, coupled with the highest level of skill and competence, while showcasing deep knowledge both of all the relevant legal issues and of the business environment in which I operate.‘
Key clients
Israel Airports Authority
Direct Finance
Adgar
The Phoenix Holdings
Ashtrom Group
Diplomat distributers
Bayit Bakfar
Mega Or
Dan Hotels
Ayalon Mutual Funds
Altshuler Shaham
Value Capital (Rani Zim Group)
Hanan Mor Group
PaymenT
Obly; Bizi Finance; Sense capital markets; GC Hevron Capital and many more.
Work highlights
- Advising Israel Airports Authority on its NIS1bn debentures offering.
- Advising Bayit Bakfar on its NIS255m IPO.
- Advising Direct Finance on several bond offerings, totalling NIS 1bn.
Shibolet & Co.
Shibolet & Co. had a strong year on the equity side, which saw it handle over 30 IPOs during 2021. The firm also houses an active debt practice, which has recently undertaken bond offerings for Electra, Camtek and Priortech, among others. Corporate and securities specialist Adi Zaltzman heads the team and recently acted alongside Saul Adereth to advise Gama Management & Clearing on its NIS200m issuance of commercial securities and its NIS300m issuance of debentures. Shelly Blatt Zak and newly promoted partner, Inbar Eitan-Goldstein, are also recommended.
Practice head(s):
Adi Zaltzman
Other key lawyers:
Saul Adereth; Shelly Blatt Zak; Amir Shachar; Inbar Eitan-Goldstein; Omer Weiss
Testimonials
‘Lawyers are professional, with a positive attitude, sense of urgency and availability.’
‘Very professional, accessible and responsive, particularly Inbar Eitan-Goldstein.’
Key clients
A2Z Advanced Solutions Ltd.
Albaad Massuot Yitzhak Ltd.
Amanet Management & Systems Ltd.
Ashot – Ashkelon Industries Ltd.
Arad Ltd.
Axilion Smart Mobility Ltd.
B Communications Ltd.
Bancor Foundation
Blade Ranger Ltd.
Bram Industry Ltd.
Brand Group (M.G) Ltd
Brenmiller Energy Ltd.
Camtek Ltd.
Capital Nature Ltd.
Ceragon Networks Ltd.
Chakratek Ltd.
Compugen Ltd.
Delek the Israel Fuel Corporation Ltd.
Delek Israel Properties (D.P) Ltd.
El Al Israel Airlines Ltd.
Electra Ltd.
Emilia Development (O.F.G) Ltd.
Endymed Ltd.
Epitomee Medical Ltd.
EY Israel
Freshmarket Ltd.
Gama Management & Clearing Ltd.
Golan Plastic Products Ltd.
Hamama Meir Trading (1996) Ltd.
Hi-Center – Haifa Hitech Initiatives Center Ltd.
Highcon Ltd.
HomeBiogas Ltd.
Inrom Construction Industries Ltd.
Inter Industries Plus Ltd.
Kafrit Industries (1993) Ltd.
Kerur Holdings Ltd.
Lahav L.R. Realestate Ltd.
Leader Capital Markets Ltd.
Leumi Partners Underwriters Ltd.
Merchavia Holdings and Investments Ltd
Multi Retail Group Ltd.
NICE-Systems Ltd.
Nostromo Energy Limited
Orbit Technologies Ltd.
Packer Steels and Galvanizing Ltd.
The Phoenix Holdings Ltd
Pulsenmore Ltd.
Priortech Ltd. and
Rail Vision Ltd.
Rav Bariach Ltd.
Scodix Ltd.
Shalag Industries Ltd.
Sofwave Medical Ltd.
Space-Communication Ltd.
Top Gum Industries Ltd.
Tracknet Enterprise Ltd.
Trendline Information and Communication Services Ltd.
The Trendlines Group
Zvi Sarfati & Sons Investments & Constructions Ltd.
Work highlights
- Advised Freshmarket on its NIS2.1bn acquisition by Paz Oil Company through a reverse-triangular merger.
- Advised Holisto on its business combination agreement with a SPAC for the purpose of Holisto listing on the Nasdaq.
- Advised El Al Israel Airlines on its two agreements with the State of Israel to receive emergency loans and advance payments totalling NIS750m.
Amit, Pollak, Matalon & Co. Advocates and Notary
Amit, Pollak, Matalon & Co. Advocates and Notary saw some changes to its capital markets practice in October 2021, with Daniel Marcovici joining as group co-head following the departure of former department co-lead Livnat Ein-Shay Wilder. Hi-tech and venture capital partner, Ian Rostowsky, also co-heads a team which frequently advises on debt and equity offerings on the TASE as well as on international markets, including AIM and Nasdaq.
Key clients
Chardan Capital Markets LLC
Eltek Ltd.
GP Global Power Ltd.
I2PO
Nano-X Imaging Ltd
Nextcom Ltd.
Peninsula Group Ltd.
PSC – CAN Ltd.
Roth Capital Partners LLC
Simigon Ltd.
Tectona Ltd.
Ya’acobi Brothers Group (YSB) Ltd.
Work highlights
- Advised Peninsula Group on two extensions and subsequent NIS229m and NIS110m issuances of its Series C Bonds.
- Acted for TASE-listed Nextcom on securities law matters, including a NIS60m bond offering.
- Represented Simigon in a going-private transaction, in which it delisted from AIM before being merged with another entity, which is undergoing a new IPO in the US.
Erdinast, Ben Nathan, Toledano & Co
Erdinast, Ben Nathan, Toledano & Co‘s capital markets practice has recently advised issuer clients on 14 IPOs, along with a significant volume of secondary equity offerings and bond issuances. Moty Yamin spearheads a team which draws on an impressive second line of senior associates, including Meni Kogan, who demonstrates ‘original thinking and practical understanding‘, and Yonatan Haimi Erenreich, who recently joined from the Israeli Securities Authority.
Practice head(s):
Moty Yamin
Other key lawyers:
Meni Kogan; Ofir Saada; Yonatan Haimi Erenreich
Testimonials
‘EBN’s capital markets department is one of the most experienced and trusted legal teams I have worked with, due to Moty Yamin’s experience and understanding of this field and the team’s full attention and availability.‘
‘Moty Yamin has extensive knowledge of corporate and securities law, always provides swift and super professional response to our inquiries and is always available to assist in anything we need. A true professional and highly recommended.’
‘A great Team! Lots of experience and knowledge. Moty Yamin and Meni Kogen are co-operative and find answers to each problem.’
‘The team is extremely effective and very professional. Moty Yamin and associate Ofir Saada are professionals with strong business acumen.’
‘Associate Meni Kogan is a true professional, highly knowledgeable, thorough, always one step ahead, ready with everything we need before we even know we need it. Meets deadlines perfectly, fast and efficient and always available. A true pleasure to work with.’
‘Moty Yamin is a reputable lawyer, highly experienced and very creative. His analysis is always innovative and original, and his judgment is great, based on his vast experience as a securities expert both in the private and the public sectors.’
‘Meni Kogan is a promising senior associate, with extensive experience in corporate and securities regulation, that stands out due to his quick and accurate ongoing advice, as well as original thinking and practical understanding of the company’s needs and business.’
‘Yonatan Haimi Erenreich is a new recruit, but but in the short time I got to know him, I was very impressed by his extensive knowledge in the field of corporate law and his professionalism.‘
Key clients
Reit 1 Ltd
GoTo Ltd
Space-communication Ltd.
WeSure Globaltech Ltd.
Mia Dynamics Motors Ltd
Cellcom Israel Ltd.
Medalia Inc
Lam Research Corporation
Boston Scientific Corporation
Johnson and Johnson
Autodesk Inc.
DoorDash Inc.
Sano Bruno’s Enterprises Ltd.
S.Al Group Ltd.
Alon Blue Square Israel Ltd.
Blue Square Real Estate Ltd.
Econergy Renewable Energy Ltd.
Prime energy P.E Ltd
Maman-Cargo Terminals & Handling Ltd.
Delek Drilling Limited Partnership
Delek Group Ltd.
Mizrahi Tefahot Bank Ltd.
Rami Levi Chain Stores Hashikma Marketing (2006) Ltd.
M.Yochananof and sons (1988) Ltd.
Hive 2040 R&D Limited Partnership
El Al Israel Airlines
Tamar petroleum Ltd.
Partner Communications Company Ltd
The Phoenix Holdings Ltd.
Gazit Globe Ltd.
Norstar Holdings Inc.
Clal Insurance Enterprises Holdings Ltd
Brand Industries Ltd.
Castro Model Ltd
Fox Wizel Ltd
Elron Electronic Industries
Mivne Real Estate (K.D) Ltd
EPM group Inc.
Iskoor metals and steels Ltd.
Rami Levi Real Estate Ltd.
Karamba Security Ltd.
Setpoint Ltd.
Classoos Ltd.
Extra retail Ltd.
Criptonia SPV1 Ltd.
Mimo – Limited Partnership
Excellence Investments Ltd.
Barak Capital Underwriting Ltd.
Halman-Aldubi Investment House Ltd.
Value Base
Taavura Holdings Ltd.
Allied Logistics Ltd
Pocketful IL Ltd.
Kedma Capital
3IQ Bitcoin Fund
Alphabet Inc.
ServiceNow Inc.
Oracle Corporation.
Hewlett Packard Enterprise Company / HP Inc.
AppLovin Corporation
Work highlights
- Represented Econergy Renewable Energy on its $69m public offering of convertible bonds on the TASE.
- Acted for Arbe Robotics in a reverse-triangular merger with US SPAC, Industrial Tech Acquisitions, after which Arbe begun trading on Nasdaq.
- Advised Alon Blue Square Group on eight bond issuances on the TASE, totalling $817m.
Katzenell Dimant
Katzenell Dimant‘s capital markets practice spans transactions and regulatory work, with notable experience in representing clients before the ISA. The group is particularly well versed in the hi-tech industry and recently advised a mix of tech issuers and tech investors on securities matters. Einat Katzenell specialises in corporate and commercial law and co-heads the practice together with Ran Dimant, who has an emphasis on crowdfunding and securities, and Neil Stowe.
Practice head(s):
Einat Katzenell; Ran Dimant; Neil Stowe
Other key lawyers:
David Aboudi
Key clients
Capital Point Ltd.
Silver Castle Ltd.
Compulab Ltd.
Harel Structure Products
Storage drop Israel.
Together Business Innovation (2018) Ltd.
Technoplus Ventures Ltd.
Work highlights
- Represented Silver Castle in a reverse-merger transaction with a TASE-listed company.
- Represented Harel Exchange Traded Deposit in a NIS200m public bond issuance.
Pearl Cohen Zedek Latzer Baratz
Lawyers at Pearl Cohen Zedek Latzer Baratz are noted for their ‘very good business sense and understanding of commercial situations‘. The team also stands out for its extensive expertise in the medical cannabis sector, where it is considered among the market leaders, as well as the energy sphere. Department head Ilan Gerzi maintains a broad corporate finance practice, with experience in domestic and foreign listings. Maria Berkovits and Nir Zohar are also noted.
Practice head(s):
Ilan Gerzi
Other key lawyers:
Maria Berkovits; Eyal Niger; Nir Zohar; Noa Carmel
Testimonials
‘We value the team’s continuous support, reactivity and flexibility.’
‘The team demonstrates continuous dedication. Lawyers are greatly knowledgeable, with very good business sense and understanding of commercial situations.’
‘The firm has the appropriate team to attend to complicated and difficult issues.‘
‘The main individual is Ilan Gerzi; he is a top professional.‘
Key clients
Ashdod Port
Institute of Certified Public Accountants in Israel
Halamish
Israel Airport Authority
The Welfare services association of Bezeq employees and its retirees
Maytronics Ltd.
Ministry of Environmental Protection
Kibbutz Ein HaMifratz
PREDICTA DATA (1989) Ltd.
Phinergy
OPKO HEALTH, INC
LINEAGE CELL THERAPEUTICS, INC
Panaxia LABS Israel Ltd.
Together Pharma Ltd.
Medipower Overseas Public Company Limited
Galileo Tech Ltd.
Cannomed Medical Cannabis Industries Ltd.
Ecoland Group
VONETIZE PLC
Credit 24
Shefa Yamim
EasyHotel
Intellicanna Ltd.
HUB SECURITY LTD
RAMOT IN THE CITY LTD
StorageDrop
Migvan
NERATECH MEDIA LTD
BIRMAN WOOD AND HARDWARE LTD
Oren Investments AAA LTD
MEDIVIE THERAPEUTIC LTD
Avrot Industries LTD
Infimer LTD
KMN Capital Ltd.
Work highlights
- Represented Maytronics on its NIS150m acquisition of a 70% stake in a US-based company.
- Advised NeraTech Media on its merger agreement with the transportation company, GoTo Global (formerly Car2Go).
- Advised Windbuzz on its merger agreement with Adri-El Israel assets.
S. Horowitz & Co
S. Horowitz & Co‘s capital markets team is equipped to advise on both debt and equity offerings, while it also advises listed companies on day-to-day regulatory and compliance matters. Real estate companies provide the bulk of mandates, with Minrav Group and Azrieli Group standing out as representative clients. Corporate and finance partners, Amir Assali and Guy Firer, co-head the department.
Practice head(s):
Guy Firer; Amir Assali
Testimonials
‘A very professional and dedicated team. Lawyers are available at any time.‘
Key clients
Minrav Group Ltd.
Shamaym Improve Ltd.
Mordechai Aviv Taasiot Beniyah 1973 Ltd.
Apollo Power Ltd.
Issta Lines Israel Students Travel Company Ltd.
Omni Capital Ltd.
Brimag Digital Age Ltd.
Azrieli Group Ltd
Sano Bruno’s Enterprises Ltd.
Quoin Pharmaceuticals Ltd.
Yesodot Eitanim Ltd.
Work highlights
- Represented Minrav Group on several matters, including on a NIS200m private issuance of commercial securities and a NIS350m public bond offering.
- Represented Apollo Power in a private transaction for the issuance of shares and warrants to institutional investors, worth NIS125m.
- Represented Issta Lines in a NIS193m private issuance of shares and warrants to a number of institutional investors.
Shnitzer Gotlieb Samet & Co.
Shnitzer Gotlieb Samet & Co. continues to notch up a significant body of work in the capital markets sphere, particularly on behalf of manufacturing and real estate clients. Dudu Ben Yaish leads the team.
Practice head(s):
Dudu Ben Yaish
Other key lawyers:
Ori Gotlieb
Key clients
PIE SIAM LTD.
MENIF – FINANCIAL SERVICES LTD.
POLYRAM PLASTIC INDUSTRIES LTD.
HAMAT GROUP LTD.
PRASHKOVSKY INVESTMENTS AND CONSTRUCTION LTD.
G.WILLI-FOOD INTERNATIONAL LTD.
SHAGRIR GROUP VEHICLE SERVICES LTD.
MYDAS REAL ESTATE INVESTMENTS LTD.
NETANEL GROUP LTD.
BONEI HATICHON CIVIL ENGINEERING & INFRASTRUCTURES LTD.
ETGA GROUP LTD.
WILK TECHNOLOGIES LTD
TGI INFRASTRUCTURES LTD
LACHISH INDUSTRIES LTD.
EDRI-EL ISRAEL ASSETS LTD.
RANI ZIM SHOPPING CENTERS LTD.
Work highlights
- Acted on the IPO of PIE SIAM LTD. debentures. The company is involved in the development, planning, acquisition and establishment of income-producing real estate in Israel, mainly in the hotels sector.
- Acted on the process of splitting the activity of Netanel Group Ltd., in which the company is acting to separate its income-producing real estate activity from its entrepreneurial real estate activity.
- Acted for Hamat during two acquisition transactions in various companies (share and activity), which led to an expansion of Hamat’s business activity in the kitchen sector and kitchen accessories.
Weksler, Bregman & Co., Advocates
Weksler, Bregman & Co., Advocates‘ capital markets practice is well weighted between transactional and regulatory matters. In relation to the former sphere, the group is particularly well versed in representing real estate issuers on debt and equity offerings. On the regulatory side, the firm notably advises the TASE on its day-to-day legal matters. Ofer Yankovich and Eran Shuster co-head a ‘highly experienced‘ team that also includes Gil Cherchi.
Practice head(s):
Ofer Yankovich; Eran Shuster
Other key lawyers:
Gil Cherchi
Testimonials
‘A small boutique securities group. Highly experienced. Senior lawyers are out in front providing the service, not inexperienced juniors. Many years of service to our entity, which gives the team a great advantage and corporate knowledge. Super efficient service. Mix of litigation and securities expertise.’
‘Ofer Yankovich has led our work for years. Devoted to the client. Familiar with our history and details. Available at any time. Service provider and senior partner at the same time.’
‘Gil Cherchi provides super service and is available at any time. Professional and experienced in corporate governance, securities and day-to-day matters.‘
Key clients
Africa Israel Residences Ltd. (AFR)
AFI Properties Ltd (AFP)
Tel Aviv Stock Exchange Ltd (TASE)
Top Ramdor Systems and Computers (1990) Ltd.
Elmor Electricity Installations and Services (1986) Ltd.
Inter Gamma Investment Company Ltd.
Rapac Communication & Infrastructure Ltd. (RCI)
ORT Technologies Ltd.
Matrix IT Ltd.
Almogim Holdings Ltd.
Property and Building Corp. Ltd.
Lapidoth Capital Ltd.
BIG Shopping Centres Ltd.
Ofek Shely Entrepreneurship Ltd.
Work highlights
- Advised AFI Properties on its shelf registration statement and NIS317 public equity offering.
- Represented TASE-listed Rapac Communication and Infrastructure in a share swap transaction involving the sale of its holdings in Data Tech Advanced Solutions, in exchange for issuance of shares in Accel Solutions Group.
- Represented Almogim Holdings in its shelf registration statement and N100m issuance of debentures.