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Banking and finance
Banking and finance - ranked: tier 4

Steinmetz, Haring, Gurman & Co.

Steinmetz, Haring, Gurman & Co. has a considerable amount of experience in complex finance transactions, which enables the team to 'find the best way forward to overcome legal, commercial and financial hurdles in order to close a deal'. Jointly headed by Manny Gurman and Jacob Steinmetz, the team is engaged by foreign banks, corporate lenders, Israeli investment houses and insurance companies, and domestic borrowers. In a standout matter, Gurman advised VTB Bank on a $160m financing agreement with a private company owned by Lev Leviev. In the domestic market, Steinmetz is acting for Clal Insurance in relation to a NIS650m loan provided to the Tel Aviv Municipality. Liav Israel advises institutional lenders on domestic and cross-border finance transactions, particularly in the real estate sector. Other key clients include Yalin Lapidot Investment House and Altshuler Shaham Investment House.

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Capital markets
Capital markets - ranked: tier 3

Steinmetz, Haring, Gurman & Co.

The capital markets team at Steinmetz, Haring, Gurman & Co. handles buy-side and sell-side capital markets mandates, and has notable expertise in securities regulation. Managing partner Jacob Steinmetz advises institutional investors, including Psagot Investment House and Menora Mivtachim Insurance, on corporate bond investments, and is also assisting Rani Zim Shopping Centers with its preparation for an IPO on the TASE. Also recommended is Manny Gurman, who advised Hilan-Ness and MirLand Development Corporation on the publication of their respective prospectuses. Additionally, Gurman is representing Eurex, the derivative trading arm of Deutsche Boerse, in negotiations with the Israeli Securities Authority aiming to broaden the exchange's trading options with Israeli customers.

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Commercial, corporate and M&A
Commercial, corporate and M&A - ranked: tier 5

Steinmetz, Haring, Gurman & Co.

Steinmetz, Haring, Gurman & Co. has experience in complex cross-border M&A and investment work, and is engaged by private and public companies and domestic and multinational investors. The team is jointly led by Jacob Steinmetz and Manny Gurman, the latter of whom advised ANG Group on its $56m sale to Fortissimo Fund of a 50% stake in Fritz Companies. Additionally, Gurman assisted the London Branch of UBS with its $50m acquisition of ordinary shares in Infinidat, and also advised Israel's BSR Group on the acquisition of a UK real estate company. The team also handles cross-border share transactions for clients such as Nuriel & Sons Group and Meet In Place.

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Real estate: urban renewal
Real estate: urban renewal - ranked: tier 2

Steinmetz, Haring, Gurman & Co.

Steinmetz, Haring, Gurman & Co. is regularly involved in evacuate-rebuild and TAMA 38 projects across Israel, where it is engaged by real estate entrepreneurs and apartment owners. In a standout matter, Oren Erdman is advising Shlomo Sixt Group on a large-scale evacuate-rebuild project in Givatayim, which involves the evacuation of 26 buildings and the subsequent construction of over 1,000 housing units as well as adjacent commercial space. Erdman is also acting for a real estate developer in relation to a NIS220m project in Kiryat Ono, which is one of the largest TAMA 38 projects currently under construction. Acting for the apartment owners, Erdman is involved in a 120-unit evacuate-rebuild project in Tel Aviv, which is being developed by Gabay Group. Other key clients include Shikun & Binui, Urban Renewal Initiation & Real Estate, and Meshulam Levinstein Engineering & Contracting.

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Further information on Steinmetz, Haring, Gurman & Co.

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