The First Digital Bank, the first Israeli bank to be established in more than 40 years, has reported a raise of up to $120 million from local and international investors led by Tencent together with other large international investors including Swiss bank Julius Baer and Japanese financial group SBI.
Advs. Simon Weintraub, Nataly Margalit, Yuval Shalheveth and intern Shirley Zvilichovsky represented Tencent, one of the largest Internet companies in China and in the world.
Advs. Micki Shapira and Michael Horowitz represented the credit card companies Cal (Israel Credit Cards) and Diners in their agreements with Google and with the various banks with whom Cal and Diners issue credit cards for the purpose of interfacing with the Google Pay service. Separately, attorneys Yuval Shalheveth and Itamar A. Cohen represented Mizrahi-Tefahot Bank in its agreements with the various credit card companies in in order to interface with the Google Pay service.
Advs. Shiri Shaham, Maor Halev and Liad Calderon handled the first IPO to the public on the Tel Aviv Stock Exchange of Michlol Mimun Ltd., which raised NIS 110 million. Michlol, a client of the firm for several years, was established in 2017, and is a provider of complex credit, and since its incorporation, the company has extended financing to 100 projects and signed 35 additional agreements for the future extension of credit. Additionally, the company is planning to undertake complex debt financing for small and medium growth companies.
Adv. Shiri Shaham is recognized by the prestigious IFLR1000 Women Leaders guide for 2021. The IFLR1000 Women Leaders 2021, features the most prominent female lawyers working in financial and corporate law. “This is an elite group of lawyers with outstanding reputations within their markets".
Advs. Micki Shapira, Michael Horowitz and intern Yuval Schlosberg, represented Cal (Israel Credit Cards) and its subsidiary Diners Club in their agreement with Apple for the use of Apple Pay.
Apple's entry to Israel's field of payments is welcome, and will change the payment market in Israel and hopefully make it more accessible, innovative and competitive.
This transaction, together with the PayBox and Bit transactions represented by the firm this past year, places Yigal Arnon & Co. as the only firm that handled the three leading transactions in the developing field of digital wallets.
Advs. Simon Weintraub, Avi Anouchi, Idan Adar togehter with Zahava Moerdler and the intern Dana Kleiman and with assistance from Shiri Shaham, Ofir Levy and Shai Margalit, represented and served as Israeli legal counsel to the Sole Bookrunner and Global Coordinator, Goldman Sachs and the Initial Purchasers including Leader, in the oversubscribed USD $180 million global bond offering for Delek Overriding Royalty Leviathan Ltd., a wholly owned subsidiary of Delek Energy Systems Ltd., with respect to financing the purchase of overriding royalty rights in the Leviathan offshore natural gas project.
Advs. Simon Weintraub, Avi Anouchi, Idan Adar, Vered Glaubach and intern Dana Kleinman represented the Joint Bookrunners HSBC Bank and JPMorgan Chase as well as other initial purchasers in the bond offering by Delek Drilling Limited Partnership in one of the largest international bond transactions of the year in the energy field - $2.25 billion in debt - amid huge demand of $7 billion from foreign and Israeli investors. The offering will help finance development of the Leviathan natural gas project. The team was joined by Advs. Shiri Shaham, Ofir Levy, Shai Margalit and Ofir Paz, and intern Or Perel.
Advs. David Schapiro, Daniel Marcovici Moshe Pasker represented Telrad Networks Ltd. in its purchase of Mermanet Organization and Project Management Ltd. for NIS 102 million. Telrad was represented in its negotiations with the banks for the purpose of raising NIS 78 million, part of the amount required for the transaction.