Capital markets in Israel

Agmon & Co. Rosenberg Hacohen & Co.

Agmon & Co. Rosenberg Hacohen & Co.'s 'remarkably efficient and knowledgeable' team is known for its involvement in a broad spectrum of leading and even novel public and private offerings in Israel and overseas, including large-scale 144A international offerings and dual listings. Among its pool of notable ongoing work, the firm is currently advising Leviathan Bond on its $2.25bn offering of senior secured notes to foreign and Israeli institutional buyers. Shirel Guttman-Amira, who served as the former Director of the Corporate Finance Department at the ISA, stands out for advising clients on a wide range of market-first transactions, including Bank Hapoalim's public IPO. Uri Rosenberg, dual qualified in Israel and New York, often represents clients before the ISA and the TASE in relation to complex transactions. Associate Yaara Shchori Ben-Harush is another name to note.

Practice head(s):

Uri Rosenberg; Shirel Guttman-Amira

Other key lawyers:

Ran Shalom; Yaara Shchori Ben-Harush

Testimonials

‘Shirel Gutman Amira – an expert in securities and stock market regulations’

‘Except for being very professional, knowledgeable and available, we find Agmon’s capital markets department added value by being extremely creative and thinking outside of the box.

Agmon’s leading team, knowledge and ability to provide services with unprecedented efficiency allows us to be in front when referring to new facilities and tools offered in the field of capital markets, such as bond issues, public offerings and guidance on new regulation.’

‘Shirel Guttman Amira – unique combination of professionalism, broad knowledge, deep understanding of business and accounting, sharpness and creative thinking.’

‘Ran Felder is definitely one of the most promising lawyers in the field of capital markets.’

‘The team is very professional and makes you feel that you are in safe hands.’

‘The team is extremely experienced, highly professional and has a wealth of networks in this space.’

Key clients

Leviathan Bond Ltd.

Bank Hapoalim

Bank Leumi Le’Israel Ltd.

Delek Drilling

Airport City Ltd.

Navitas Petroleum, LP

Direct Insurance Financial Investments Ltd

Amot Investments Ltd.

Cohen Development Gas and Oil Ltd.

Ratio Oil Exploration (1992) Limited Partnership

Y.H.K Holdings Group Ltd.

Energix Renewable Energies Ltd

Partner Communications Ltd.

Y.H.Dimri Building & Development Ltd

Mishorim Real Estate Investments Ltd

Malam Team

Delek Group

Work highlights

  • Advised Leviathan Bond Ltd. in relation to an international $2.25bn offering of senior secured notes to qualified institutional buyers pursuant to Rule 144A & Regulation S.
  • Advised Delek Group in connection with multiple issuances of new equity amidst the Covid-19 crisis.
  • Assisted Hapoalim Bank with complex processes and examination of its options to complete the separation from its previously owned credit card company, Isracard.

FISCHER (FBC & Co.)

Fischer Behar Chen Well Orion & Co's team further consolidated its position in the market in January 2020 with the recruitment of the entire team from Sharir, Shiv & Co., including capital markets specialist Alex Berman. While the firm's expertise across equity and debt is all-encompassing, the team truly stands out for its involvement in market first IPOs - on the issuer and underwriter side - and complex regulatory matters, including major investigations and disputes. Avraham Well's ongoing work includes advising REIT 1, Israel's first publicly traded REIT, on public offerings of debt and a private placement of equity with a cumulative value of over $160m. Nitzan Sandor is a leading securities law specialist;  Eran Yaniv has impressive credentials on the underwriter side; and Boaz Noiman is also noted.

Practice head(s):

Avraham Well

Other key lawyers:

Alex Berman; Nitzan Sandor; Eran Yaniv; Boaz Noiman

Testimonials

‘What makes them unique is the high level of professional knowledge coupled with excellent legal services.’ 

‘The individuals I work with are very professional and always available.’

Key clients

J.P. Morgan Securities LLC

Bezeq the Israel Telecommunications Corp

Perrigo Company Ltd.

Migdal

Harel Menorah

Call

Phoenix

Jerusalem Economy Group

B Communications

Rafael Advanced Defense Systems Ltd.

Kamada Ltd.

Reit 1

Delta Galil Industries

Strauss Group

Azorim

Strawberry Fields Inc.

Silverstein Properties Limited

Starwood West Limited

Chosen Properties Ltd.

Altitude Investments Ltd.

Generation Capital

Work highlights

  • Advised J.P. Morgan Securities LLC as lead book-running manager in relation to the $138m follow-on underwritten public offering on the NYSE of Fiverr International Ltd.
  • Advised REIT Azorim Living on the establishment and IPO of the first REIT that has a controlling shareholder to list on the TASE.
  • Advised BVI incorporated Silverstein Properties Limited on its IPO of bonds on the TASE, as well as follow-on offerings of bonds on the TASE.

Goldfarb Seligman & Co.

Goldfarb Seligman & Co.'s 'very knowledgeable team' handles the full spectrum of equity and debt offerings in Israel and overseas, with particularly strong credentials acting for underwriters on international listings and advising foreign corporates on IPOs in Israel. Recent work highlights include advising Isracard on its separation from Bank Hapoalim and assisting Israel Aerospace Industries with a planned $4bn public offering on the TASE. Dubi Zoltak has a wealth of experience advising corporations issuing on the TASE, Nasdaq and the LSE, with a particular focus on the real estate sector. Ashok Chandrasekhar predominantly advises issuers, underwriters and selling shareholders on Nasdaq offerings. Gur Nabel is often instructed by Israeli companies aiming to list on the TASE.

Practice head(s):

Dubi Zoltak; Ashok Chandrasekhar; Gur Nabel

Other key lawyers:

Adam Klein; Merav Kainan-Wagner; Aaron Lampert; Doron Segal

Testimonials

‘The team is highly professional, always providing useful, practical solutions, always on time and with a great interpersonal approach.’

‘Very strong and commercially oriented team’

‘Gur Nabel – super professional and knowledgeable, always strives to attain the optimal result for clients.’ 

‘Very strong international capital markets team with native English speakers who have been educated in the US and practiced in the US before moving to Israel.’

‘The partners I work with are Aaron Lampert, Adam Klein and Ashok Chandrasekhar. They are all very skilled, creative lawyers who look for solutions and execute transactions efficiently.’

Key clients

Isracard Ltd

Israel Aerospace Industries Ltd.

Elco Ltd.

Electra Real Estate Ltd.

Big Shopping Centers Ltd.

Shufersal Ltd.

Supergas Energy Ltd.

Kardan Real Estate Enterprise & Development Ltd.

Kardan Yazamut (2011) Ltd. and Kardan Israel Ltd.

Goldman Sachs

HSBC

Morgan Stanley

Citigroup

Deutsche Bank

SIX Swiss Exchange AG

SIX Structured Products Exchange AG

S. Shlomo Holdings Ltd.

Elezra Holdings Ltd.

Albar Mimunit Services Ltd.

Eldan Transporta

Work highlights

  • Advising Supergas Energy Ltd. in connection with its IPO on the TASE which raised ILS270m, as well as in its Series A Debentures issue, which raised ILS208m.
  • Advising Big on corporate and capital matters, helping it to raise over over ILS1bn recently.
  • Advising US entities that raised bonds on the TASE (including MGG (BVI) Limited, Cornerstone Properties, and Waterstone Properties Ltd.) on all ongoing securities and disclosure matters, as well as any supplemental bond raising on the TASE.

Gornitzky & Co.

Gornitzky & Co. acts for major private and public companies and underwriters on equity and debt fundraising, with a particular emphasis on the real estate industry and notable experience in outbound public offerings. The firm advised Israel Ports Development & Assets Company on its NIS1.5bn offering of bonds, which was oversubscribed almost three times. Chaim Friedland, who is qualified in Israel and the US, handles a variety of complex IPOs and follow-on offerings, including the IPO of InMode on Nasdaq, led by Barclays Capital Inc. and UBS Securities. Sharon Werker-Sagy is known for advising large multi-nationals, such as Strauss Group, on their capital markets transactions in Israel. Ari Fried and Uri Heller are also highly active members of the team.

Practice head(s):

Chaim Friedland; Sharon Werker-Sagy

Other key lawyers:

Yair Shiloni; Ari Fried; Nurit Traurik; Uri Heller

Testimonials

‘Gornitzky’s capital markets practice is top in Israel. They understand both the issuer and the underwriter side of transactions and deftly navigate Israeli law issues on behalf of the entire deal working group.’

‘Chaim Friedland and Ari Fried are experts in US capital markets offerings by Israeli companies. Their deep knowledge based, practical judgement and unparalleled teamwork really establishes them as the best capital markets firm in Israel.’

Key clients

ADO Group

Melisron Ltd.

Israel Corporation Ltd.

Barclays Capital Inc.

UBS Securities LLC

Piper Sandler

Israel Ports Development & Assets Company Ltd.

SVB Leerink

Stifel

Shikun & Binui Real Estate Ltd.

Shikun & Binui Ltd.

Leader Issuances (1993) Ltd.

Strauss Group Ltd.

Jefferies

BMO Capital Markets

Canaccord Genuity LLC

Oron Group Investments & Holdings Ltd.

OPC Energy Ltd.

Menora Mivtachim Capital Raising Ltd.

Menora Mivtachim Insurance Ltd.

Work highlights

  • Advised the underwriters, led by Barclays Capital Inc. and UBS Securities LLC, on the  $77m IPO of InMode Ltd. on the Nasdaq Global Select Market.
  • Advised Israel Corporation Ltd. on a NIS750m issuance of a new series of public bonds on the TASE, and a NIS345m private offering of a series of public bonds.
  • Advised Oron Group Investments & Holdings Ltd. on its NIS120m public offering of a new series of bonds on the TASE.

Gross Law Firm – GKH

Gross Law Firm – GKH has wide-ranging expertise advising companies on domestic capital markets transactions. The team also has significant depth in SEC enforcement proceedings and internal investigations, having served as counsel to numerous Israeli companies with securities registered in the US. Aya Yoffe is known for advising companies on raising capital through debt and equity deals, including IPOs in Israel and the US. Perry Wildes specialises in securities law and has additional expertise in public and private finance transactions.

Practice head(s):

Aya Yoffe; Perry Wildes

Other key lawyers:

Ayelet Krispin; Yuval Eden

Key clients

Alon Israel Oil Company

Alon Natural Gas Exploration

Amiad Water Systems

Amidar the National Company for Housing in Israel Ltd.

Atreyu Capital Markets

Aura Investments Ltd.

Azrieli Group

Barclays

BiondVax Pharmaceuticals

Blue Square Real Estate

BofA Merrill Lynch

Brainsway

Citigroup

Clal Biotechnology

Clal Insurance

CIT Commercial Trust Corporation

CollPlant Biotechnologies Ltd.

CYREN Ltd.

Dexia Credit Local

Dexia Israel Bank

Discount Investments

Elbit Imaging

Elbit Medical

Elron

First International Bank of Israel

G. Willi Food Investments

Gav-Yam

Work highlights

  • Advising the Israeli Postal Service on its IPO on the TASE.
  • Advised Azrieli Group on an ILS2.5bn bond issuance on the TASE.
  • Advised Redhill Biopharma on a $36m strategic investment by Cosmo Pharmaceuticals, as well as US rights to a travelers’ diarrhea drug for shares at an agreed value of $12m.

Herzog Fox & Neeman

Herzog Fox & Neeman's practice has established itself as a leading firm in the market for major corporates and clients in emerging areas, including fintech and cannabis, looking to raise capital through IPOs on the TASE. In addition, the team has a strong practice in global offerings. In a recent highlight, Ron Ben-Menachem and Nir Dash led the team that advised Bank Leumi on its 144A debt offering for $750m. Ilanit Landesman-Yogev's recent highlights include advising Jefferies as underwriters on the headline IPO of the TASE. Ehud Sol specialises in securities law, including contentious matters. Associate Zecharia Rechtschaffen is also noted.

Practice head(s):

Ilanit Landesman Yogev; Ehud Sol; Nir Dash

Other key lawyers:

Nir Sivan; Ron Ben-Menachem; Liat Maidler

Testimonials

‘The capital markets team at HFN is super professional, well connected, provides great service and works in an extremely fast and efficient manner.’

Key clients

Mellanox Technologies, Ltd.

Israel Electric Corporation

Apollo Global Management, LLC

Adama Agrochemical Solutions Ltd.

Apax Partners/ AMI Opportunities fund

BlackRock

Alpha Group

PayPal

Alibaba Group

Avgol Industries 1953 Ltd.

Davidson Kempner Capital Management LLC

WeWork Companies Inc.

Fuhrer Family/ Neopharm Group

Harel Finance Holdings Ltd.

Meitav Dash Investments Ltd.

Israel Land Development Co. Ltd

Clal Industries Ltd. and its affiliates

Bank Leumi Le’Israel Ltd.

Cellcom Israel Ltd.

Psagot Investment House Ltd.

Goldman Sachs International

Citigroup

Elbit Systems Ltd.

Paz Oil Company Ltd.

Meshek Energy

Cannabotech Ltd.

From The Earth Inc.

Seach Sarid Ltd.

Mishorim Real Estate Investments Ltd.

Work highlights

  • Advised Bank Leumi with respect to its international 144A/Reg. S debt offering in an aggregate amount of $750m.
  • Advised Jefferies Group (acting as underwriter) on the IPO of the Tel Aviv Stock Exchange.
  • Successfully advised iShares by BlackRock Asset Management Ireland in connection with the first-ever registration of a global fund in Israel.

Meitar Law Offices

Meitar Law Offices has a strong track record in equity and debt transactions in Israel and the US, in which the team predominantly serves as legal counsel to large corporates. Among recent highlights, the firm advised Mizrahi Tefahoot Bank on two separate bond issues, including Coco bonds, with a total value of approximately £1.821bn. Shachar Hadar, who is qualified in Israel and the US, leads the firm's international capital markets practice. Clifford Felig is often involved in major transactions. Yoav Nahir handles a wide range of transactions, including private placements and IPOs. Yael Weiss is a key contact for banks, real estate developers and public companies.

Practice head(s):

Shachar Hadar; Yoav Nahir; Clifford Felig; Dan Shamgar

Other key lawyers:

Elad Ziv; Yael Weiss

Testimonials

‘Shachar Hadar is a very knowledgeable and practical lawyer in terms of both Israeli and U.S. securities.’

‘Shachar and his team are real deal makers, working intensively to achieve the best results for clients.’ 

‘Yael Weiss is very knowledgeable in terms of Israeli securities laws.’

‘Elad Ziv is a real hard worker, very communicative and responsive.’

Key clients

Mizrahi Tefahot

Fiverr International Ltd.

Citigroup

Gazit Globe

Kornit Digital LTD.

Oil Refineries Ltd

Cyberark

Bank Hapoalim Ltd.

BNP Paribas

HSBC

Morgan Stanley

Citigroup Global Markets Limited

Leumi Partners Ltd.

The Phoenix Group

International Swaps and Derivatives Association, Inc.

Gamida Cell Ltd.

Galmed Pharmaceuticals Ltd.

Taro Pharmaceutical Industries

Nova Measuring Instruments

Work highlights

  • Advised Ayala Pharmaceuticals in relation to the offering of its shares on Nasdaq, raising $55m in total.
  • Advised Fiverr on its $650m IPO on NYSE and its follow-on $138m NASDAQ offering.
  • Advised several underwriters (Citigroup, BNP Paribas, HSBC and Morgan Stanley) in connection with Bank Leumi’s debt offering.

Naschitz, Brandes, Amir & Co.

Naschitz, Brandes, Amir & Co. stands out in particular for its international practice, which advises issuers and underwriters on listings on Nasdaq, the LSE, TSX and the TASE. Recently, the firm was selected as special outside counsel to the TASE, demonstrating its excellent reputation in the market. Tuvia Geffen, who leads the international capital markets practice, recently advised Wix on its $575m 144A Convertible Notes Offering led by JP Morgan, Bank of America and Morgan Stanley. Sharon Amir's recent work includes advising Gilat Satellite Networks on its $577m merger with Comtech Telecommunications, which will be implemented through a public share exchange. Jonathan Feuchtwanger and Roi Turgheman are other key names.

Practice head(s):

Tuvia Geffen; Jonathan Feuchtwanger

Other key lawyers:

Sharon Amir; Roi Turgheman

Testimonials

‘This is a unique legal team, which is characterized by high business capabilities and strategies. The lawyers in the team assigned to us are very creative, and have the ability to find unique solutions during complex projects.’

‘These are lawyers with extremely strong communication skills and excellent legal services.’ 

‘Jonathan  Feuchtwanger – seasoned, knowledgeable and dedicated.’

Key clients

Check Point

Wix

Morgan Stanley

Goldman Sachs

Plus500

Citi

Tremor International

Gilat Satellite Networks

FIMI Private Equity

Accel Solutions

Tel Aviv Stock Exchange

Inter Green

Ham-Let

Magal Security Systems

T.A.T. Technologies

ALD

Taldor Computer Systems 1986

Satcom Systems

Bet Shemesh Engines Holdings (1997)

P.C.B. Technologies

G1 Secure Solutions

Micronet

Formula Vision Technologies

Siyata Mobile

Utron

Work highlights

  • Advised Wix on its $575m 144A Convertible Notes Offering led by JP Morgan, Bank of America and Morgan Stanley.
  • Advised Morgan Stanley, Goldman Sachs, and Citi on the $575m 144A Convertible Notes Offering of NASDAQ-listed CyberArk Security.
  • Advised Gilat Satellite Networks on its pending $577m share exchange merger with Comtech Telecommunications.

Amit, Pollak, Matalon & Co. Advocates and Notary

Amit, Pollak, Matalon & Co. Advocates and Notary's internationally oriented team advises clients on IPOs on the TASE, Nasdaq, ASX, and the LSE. The practice is also well known for its expertise in secondary offerings, debt offerings and shelf registrations. Amichay Finkelstein remains very active in a wide range of capital markets transactions, including public offerings on the TASE. Ian Rostowsky has a strong track record in international offerings. Currently, he serves as lead Israeli counsel to Nano-X Imaging Ltd in its proposed Nasdaq IPO.

Practice head(s):

Amichay Finkelstein; Ian Rostowsky

Testimonials

‘Strong local market knowledge and cross-border experience with dual listings. ’

‘Ian Rostowsky is very smart and experienced in cross-border listings.’

‘Amichay Finkelstein is very smart and experienced in local market listings.’ 

Key clients

Aura Investments Ltd.

Freshmarket Ltd.

Nano-X Imaging Ltd

Catalyst Private Equity Partners

Splitit Payments Ltd.

Way 2 Vat Ltd.

Eltek Ltd.

Ratio Oil Exploration (1992) Limited Partnership

Aeronautics Ltd.

Brenmiller Energy Ltd.

Hamama Meir Trading (1996) Ltd.

Hagshama Lansing Michigan 1002 LP

Shirbit Insurance Ltd.

Personal Invest Ltd.

Work highlights

  • Advised Aura Investments on the formation of its Real Estate Investment Fund (REIT) and the raising of significant capital through an initial public offering of the fund on the TASE.
  • Advised NANO X-Imamging Ltd in relation to its IPO on Nasdaq.
  • Advised Ratio Oil Exploration (1992) and Mr Shimon Avanaim, CPA (supervisor of the company) in relation to complex negotiations over the operational fees payable to the general partner of Ratio Oil from the gas reservoir.

M. Firon & Co Advocates and Notaries

M. Firon & Co Advocates and Notaries advises clients on private placements, IPOs and other debt and equity transactions. During the pandemic, the firm has supported clients through various projects, including Sachal for Business, a programme which offers free consultation services and communal lectures to small businesses in Israel. Udi Efron has a strong record of advising Israeli companies engaged in equity and debt offerings. Oded Ofek specialises in investment funds and credit provisions services. Asher Sofan joined the firm from Shibolet & Co. in December 2019.

Practice head(s):

Udi Efron; Oded Ofek

Other key lawyers:

Asher Sofan

Testimonials

‘M. Firon’s capital markets practice gives us an all-around service in the fields of our ordinary business, mutual funds and portfolio management and in relation to other activities such as financial services provision, credit provision, hedge funds and more.’

‘Oded Ofek is a brilliant expert in his fields of practice, integrating a wide variety of know-how in diverse legal fields, giving him a mature, integrated and enlightening insight into any legal issue at hand.’

‘Oded Ofek stands out from competitors due to his extensive experience with mutual fund and investment schemes in the market.’

‘Oded is in essence all you would like to find in a business lawyer in investments and regulation in capital markets and financing.’ 

Key clients

Ashtrom Group Ltd.

Ashtrom Properties Ltd.

Direct Finance of Direct Group

Adgar Investments and Development Ltd.

Elbit Systems Ltd.

Dan Hotels

Bayit Bakfar

Bezeq the Israeli Telecommunication Corp. Ltd.

Phoenix Insurance Ltd

Israel airport Authority

Gadot Chemical Terminals

Israel Shipyards Ltd.

Mega or Holdings Ltd.

Zur Shamir Group

UBank Trust Services Ltd.

Ashdod Port Company Ltd.

Haifa Port Company Ltd.

Aerodrom Group Ltd.

Excellence Nesuah Investment Management Ltd,

Excellence Nesuah Brokerage Services Ltd

Yelin Lapidot

Work highlights

  • Advised Ashtrom Group on four issuances of debentures to the public, including a new series of traded debentures of Ashtrom Properties (totaling approx. $270m).
  • Advised Alon Blue Square Israel Ltd.’s independent committee on a $216m asset purchase transaction with its affiliated company, Dor Alon Energy in Israel (1988) Ltd.
  • Advised the Excellence growth and KSM Mutual Fund of the Excellence group on the acquisition of Alumot Mutual Funds and Assets Management for approx. $10m.

Shimonov & Co. - Law Firm

Shimonov & Co. - Law Firm's team has a particular sweet spot acting for North American companies seeking to raise money through debt or equity offerings in Israel, with a particular focus on US clients in the real estate sector. The firm also also numerous Israeli companies with their capital markets activity in Israel. Recently, the team prepared the first-ever Upriet prospectus, which involved working closely with the TASE  and the SEC. Israel Shimonov has a strong track record in private placements and IPOs, in addition to significant experience in complex corporate transactions. Dudi Berland is a key contact for US companies undergoing IPOs on the TASE.

Practice head(s):

Israel Shimonov

Other key lawyers:

Dubi Berland; Nir Cohen Sasson

Testimonials

‘Highly professional, knowledge of the rules is exceptional, always stay up-to-date with regulatory developments.’

Key clients

Hertz Investment Group

Doral Group

El- Ad Group

El-Ad Canada Realty Inc.

The lesser group

Carassao Motors

Westdale Properties

Cannbit Pharmaceuticals Ltd.

Avichai Stolero – AeronauticsLtd.

PACIFIC OAK SOR (BVI) Holdings Ltd

Namco Reality

Southern Properties Capital Ltd.

Gabay Properties and Development Ltd.

Sapir Corp Ltd.

Lightstone Enterprises Limited

Israel Canada

Fattal Hotel Group

Work highlights

  • Advised Hertz Investment Group on its unprecedented UPREIT offering on the TASE.
  • Advised Doral Energy Group on its IPO on the TASE in May 2020 during the coronavirus pandemic.
  • Advised El-AD Group on its NIS500m bond issuance on the TASE.

Yigal Arnon & Co

Yigal Arnon & Co is well versed in advising major underwriters and issuers on domestic and global public offerings. The firm has further expertise in debt financing and debt restructuring of public companies. In a recent highlight, Shiri Shaham and Adrian Daniels led the team that advised Enlivex Therapeutics on its dual listing on the NYSE and the TASE. Shaham has a strong track record representing companies before the Israel Securities Authorities, in addition to experience advising clients on IPOs on the TASE. Daniels regularly advises Israeli companies on regulatory and transactional matters, including in relation to discussions with the SEC. Gil Oren is another name to note.

Practice head(s):

Shiri Shaham; Gil Oren

Other key lawyers:

Adrian Daniels

Key clients

El Al Israel Airlines Ltd.

Barclays Capital

Orian Ltd.

Cyren Ltd.

Silicom Connectivity Solutions Ltd.

Cantor Fitzgerald Ltd.

IM Cannabis Corporation

Peninsula Ltd.

WhiteSmoke Software Ltd.

Israel Natural Gas Lines Ltd.

Enlivex Therapeutics Ltd.

Sisram Medical Ltd.

Nextcom Ltd.

Knafaim Holdings Ltd.

Orad Group Ltd.

One Software Technologies Ltd.

China International Capital Corporation

Hong Kong Securities Limited

Jefferies Hong Kong Limited

Work highlights

  • Advised Barclays Capital as lead underwriter on the IPO of clinical-stage bio-pharmaceutical company PolyPid Therapeutics on NASDAQ.
  • Advised Peninsula Group in connection with the public offering of debentures and options for an amount of NIS252m at a 6% premium over market price, representing the largest public fund raising ever to take place in the Israeli non-bank credit market.
  • Advised Enlivex Therapeutics, which is being traded on the NYSE, on two private placements.

Katzenell Dimant

Over the last year, Katzenell Dimant's practice has grown significantly, with David Aboudi joining the firm from Pearl Cohen Zedek Latzer Baratz and the group also strengthening the team at associate level. The team is particularly strong in debt capital markets and has additional expertise in STOs, reverse mergers and structured product offerings. Ran Dimant has notable expertise in securities law and structured finance. Einat Katzenell is also a key member of the practice.

Practice head(s):

Einat Katzenell; Ran Dimant

Other key lawyers:

David Aboudi

Key clients

Harel

Therapix Biosciences Ltd.

Ella Deposits Ltd.

Together

Capital Point Ltd.

Nextgen Biomed Ltd.

Securitize Israel Ltd.

Vonetize PLC

Mobilicom Ltd.

BioEye Ltd.

Zion Oil & Gas Inc.

World Health Energy Holdings Inc.

Technoplus Ventures Ltd.

Kitov Pharmaceuticals Holdings Ltd.

Work highlights

  • Advised Harel on a NIS2bn structured products offering.
  • Advised Ella Deposits on a NIS8bn structured products offering.
  • Advising Capital Point on several investment transactions and in relation to a merger of one of its portfolio companies.

Pearl Cohen Zedek Latzer Baratz

Pearl Cohen Zedek Latzer Baratz's team expanded in 2020 with the recruitment of two senior associates and three associates from various other firms. The practice has notable expertise advising clients in the medical cannabis sector on capital raising, in addition to a strong track record of representing dual-listed companies engaged in IPOs in Israel, the US and Australia. Ilan Gerzi has wide-ranging experience, encompassing securities law, corporate finance and complex transactions in the medical cannabis area.

Practice head(s):

Ilan Gerzi

Other key lawyers:

Maria Berkovits; Anna Moshe; Nir Zohar

Key clients

OPKO HEALTH, INC

LINEAGE CELL THERAPEUTICS, INC

Panaxia Pharmaceutical Industries Israel Ltd.

Pnina Rosenblum

Together Pharma Ltd.

AppsVillage Australia Ltd.

Medipower Overseas Public Company Limited

HeraMed

Galileo Tech Ltd.

KMN Capital Ltd.

Cannomed Medical Cannabis Industries Ltd.

Citrin Group

VONETIZE PLC

Intellicanna Ltd

A.L.D. ADVANCED LOGISTICS DEVELOPMENTS LTD

Somoto LIMITED

BIRMAN WOOD AND HARDWARE LTD

Oren Investments AAA LTD

Medivie

Avrot Industries LTD

Infimer LTD

GEFEN BIOMED INVESTMENTS LTD

MAAYAN VENTURES LTD

Brand Industries

Work highlights

  • Advised Panaxia Pharmaceutical Industries Israel Ltd. and Herodium Investments Ltd. on the capital markets aspects of a landmark merger transaction in the medical cannabis sector.
  • Advised AppsVillage Australia Ltd. on a raft of capital markets issues, including a complex IPO on the ASX.
  • Advised Together Pharma Ltd. in relation to the first ever IPO on the Tel Aviv Stock Exchange in the field of medical cannabis.

S. Horowitz & Co

S. Horowitz & Co is particularly skilled in domestic debt capital markets and secondary market transactions. In a recent highlight, the team advised Minrav Projects on its IPO on the TASE with an approximate value of NIS600m. Amir Assali is well versed in listings of various financial products on the TASE and Nasdaq, and has additional expertise in debt financing arrangements.  Guy Firer specialises in securities law.

Practice head(s):

Guy Firer; Amir Assali

Key clients

Minrav Projects Ltd.

Herodium Investments Ltd.

Minrav Holdings Ltd.

Apollo Power Ltd.

MRR – Thirteen Limited

B Communications Ltd.

Brimag Digital Age Ltd.

Mordechai Aviv Taasiot Beniyah 1973 Ltd.

Azrieli Group Ltd

Coral Reef Technology Ltd

Publicis Groupe SA

Global Evolution Fondsmæglerselskab A/S

Chengdu Kanghong Pharmaceutical Industry Group Co., Ltd

Teva Pharmaceutical Industries Ltd.

The Phoenix Holdings Ltd.

Work highlights

  • Advised Minrav Projects on its reverse triangular merger transaction with public company Israel Canada and the Nakash Brothers (the “Purchasers”), whereby the Purchasers shall purchase all of Minrav Projects’ shares for a consideration in the amount of about NIS600m and turn Minrav Projects into a private company.
  • Advising Issta on a rights issue to its existing shareholders as well as private placements for the raising of approximately NIS130m.
  • Advising Herodium in a deal involving the merging of Panaxia’s activity into Herodium in exchange for approximately 75% of Herodium’s issued share capital.

Shibolet & Co.

Shibolet & Co.'s team predominantly advises issuers on bond offerings, and has further expertise in the areas of blockchain and medical cannabis, where it handles a wide range of transactions. Adi Zaltzman stands out for his expertise in complex cross-border transactions, including IPOs and private offerings. Moshe Ne’eman has significant experience of dual listings on the TASE and the NYSE.

Weksler, Bregman & Co., Advocates

Weksler, Bregman & Co., Advocates specialises in domestic capital markets; it has strong ties with the TASE and has recently advised on the launch of the TASE's IPO. Ofer Yankovich's recent highlights include advising Africa Israel Group on the issuance of a high-value bond offering. Eran Shuster frequently assists clients listing on the TASE and has further expertise handling issuances on the AIM.

Practice head(s):

Ofer Yankovich; Eran Shuster

Testimonials

‘Professional, high-quality staff and excellent service. Available 24/7, open-minded, original and smart thinkers.’

‘Ofer Yankovich- professional, smart, available, pleasant demeanour.’

Key clients

The Tel Aviv Stock Exchange

AFI Properties Ltd.

Africa Israel Investments Ltd.

Africa Israel Residences Ltd.

Top Ramdor Systems and Computers (1990) Ltd.

Elmor Electricity Installations and Services (1986) Ltd.

Inter Gamma Investment Company Ltd.

Rapac Communication & Infrastructure Ltd.

ORT Technologies Ltd.

Matrix IT Ltd.

Work highlights

  • Advised the TASE on its IPO, being the first of its kind in Israel, targeting both local and international investors.
  • Advised AFI Properties on its shelf registration statement and public offering of securities in the scope of NIS640m.
  • Advised Africa Israel Investments on its debt settlement in the scope of NIS3bn.