Advs. Micki Shapira, Michael Horowitz and intern Or Griess represented Mivtach Shamir Energy in a cooperation agreement in the field of battery energy storage systems with the Chinese company, Shanghai Electric Group Co., Ltd, one of the largest energy companies in the world.
With this transaction, Mivtach Shamir enters the field of energy storage, which is now considered to be an important field with worldwide growth, given the need for solar field operators and wind turbines to provide cheap and available electricity despite their fluctuating ability to generate power.
Advs. David Schapiro, Eliran Furman and Evyatar Katz represented Shapir Engineering in a transaction for the purchase of the entire shares of Super NG from Supergas. As part of the transaction, Shapir will acquire all of Supergas’ rights in Super NG companies, including shares, owner loans and capital notes owned by Supergas.
Advs. David Schapiro, Peter Sugarman, Eliran Furman, Nitzan Kahana, Lior Cohen Goldstein and intern Yaakov Sapir represented a Shapir Civil and Marine Engineering Ltd. and Orian S.M., which together won a tender for the construction of a logistics center for the IDF about a year ago; in a complex multi-party negotiations with the Ministry of Defense and a syndication of lenders, to finance the debt required to establish the project, which included a variety of agreements with contractors and subcontractors in the various fields that are required to establish and operate the project. The financing package for the project includes a debt of approximately NIS 2.2 billion.
Advs. David Schapiro, Eliran Furman, Lior Cohen Goldstein and intern Yaakov Sapir represented Shapir Engineering in its acquisition of 53% of Till 120 from The Phoenix at a valuation of NIS 1.35 billion.
On completion of the deal, Shapir will hold (directly and indirectly) 53% of Till 120, while The Phoenix will remain with 47%. The two sides will sign a shareholders agreement regulating the relationship between them, giving Shapir control of the company while The Phoenix will have certain minority rights.
Advs. David Schapiro, Nitzan Kahana and Evyatar Katz, together with intern Yaakov Sapir, represented the infrastructure and energy fund Generation Capital in its acquision, together with the British investment fund Dalmore Capital Limited, of 30% of Porterbrook, one of the largest British rolling stock companies, with a fleet of about 4,000 trains (about 25% of passenger trains in the UK).
Advs. David Schapiro and Eliran Furman, together with advocate Lior Cohen-Goldstein and intern Sahara Noufi represented Shapir Civil and Marine Engineering Ltd. in a deal to acquire the engineering company Lipsker for about NIS 32 million.
Advs. David Schapiro and Shai Margalit represented Shapir Engineering and Manufacturing in entering into a memorandum of understanding in connection with the implementation of an investment of approximately NIS 53 million in Avrot Industries Ltd., against an allotment of 45.1% of Avrot shares. Avrot is a public company traded on the Tel Aviv Stock Exchange.
Advs. David Schapiro, Eliran Furman, Michael Horowitz, Evyatar Katz and intern Dana Kleiman represented the Israel Infrastructure Fund (2001), in a joint venture alongside the Australian multinational Macquarie Capital, the principal investment arm of Macquarie Group, in partnering with rural superfast broadband expert Voneus Broadband to provide internet infrastructure in rural areas in the United Kingdom.
Advs. Simon Weintraub and Avi Anouchi, together with Shiri Shaham, Ofir Levy, Shai Margalit, Roni Osborne, Ofir Paz, Idan Adar, Zahava Moerdler, interns Dana Kleiman and Samuel Kuperstok, and in close collaboration with Simpson Thacher & Bartlett LLP from London and New York represented the main underwriters JP Morgan Chase and Morgan Stanley (jointly) as well as the primary buyers, including IBI Investment House, in the issuance of Energean International Bonds, in a $2.5 billion transaction. This is the third transaction of bond issues in connection with Israel's natural gas reserves within six months. In total, these IPOs are worth about $5 billion dollars.
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.