15 July 2020
Advs. Yuval Shalheveth, Daniel Marcovici and Moshe Pasker represented the Peninsula Group in acquiring Union Bank's diamond dealers credit portfolio, currently (June 2020) valued at $91 million and potentially up to $250 million (assuming all credit lines are utilized). In return, Peninsula will pay an amount equal to the size of the credit portfolio at the time of completion at a discount of between 30% and 45%, subject to the size of the portfolio. The portfolio also includes bad and doubtful debts amounting to over $160 million which will be transferred to Peninsula without any consideration. Negotiations were carried out with representatives of Mizrahi Bank and Union Bank which one of them, as part of the terms of their merger, must sell its credit portfolio, as determined by the Director General of the Israel Competition Authority. The transaction is subject to conditions precedent and in particular the completion of the merger between the banks. 

Advs. Yuval Shalheveth, Daniel Marcovici and Moshe Pasker represented the Peninsula Group in acquiring Union Bank's diamond dealers credit portfolio, currently (June 2020) valued at $91 million and potentially up to $250 million (assuming all credit lines are utilized). In return, Peninsula will pay an amount equal to the size of the credit portfolio at the time of completion at a discount of between 30% and 45%, subject to the size of the portfolio. The portfolio also includes bad and doubtful debts amounting to over $160 million which will be transferred to Peninsula without any consideration. Negotiations were carried out with representatives of Mizrahi Bank and Union Bank which one of them, as part of the terms of their merger, must sell its credit portfolio, as determined by the Director General of the Israel Competition Authority. The transaction is subject to conditions precedent and in particular the completion of the merger between the banks. 


02 July 2020
Advs. Barry Levenfeld, Adrian Daniels, Noah Zivan, Vered Glaubach and intern Nitzan Bigman represented Barclays in their role as underwriters in the IPO of clinical-stage bio-pharmaceutical company PolyPid on Nasdaq, in which $60 million were raised. They were joined by Shira Lahat, Daniel Green, Miriam Friedmann, Sophy Litvin, Dr. Eran Lempert, Assaf Mesica and Shai Margalit.

Advs. Barry Levenfeld, Adrian Daniels, Noah Zivan, Vered Glaubach and intern Nitzan Bigman represented Barclays in their role as underwriters in the IPO of clinical-stage bio-pharmaceutical company PolyPid on Nasdaq, in which $60 million were raised. They were joined by Shira Lahat, Daniel Green, Miriam Friedmann, Sophy Litvin, Dr. Eran Lempert, Assaf Mesica and Shai Margalit.


01 April 2019
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.

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.


29 November 2018
Whitesmoke Software [TASE: WSMK] has announced the signing of an MOU to purchase Better, a grower and supplier of medical cannabis. This will make Better the second publicly traded medical cannabis company in Israel. Whitesmoke is represented by Advs. Daniel Marcovici and Moshe Pasker .

Whitesmoke Software [TASE: WSMK] has announced the signing of an MOU to purchase Better, a grower and supplier of medical cannabis. This will make Better the second publicly traded medical cannabis company in Israel. Whitesmoke is represented by Advs. Daniel Marcovici and Moshe Pasker .


05 December 2017
Advs. Daniel Marcovici and Shai Margalit represented the Eldar Group in a NIS 65 million investment by the Arbel Fund.

Advs. Daniel Marcovici and Shai Margalit represented the Eldar Group in a NIS 65 million investment by the Arbel Fund.


15 October 2015

IFLR 2016 edition top ranks Yigal Arnon & Co.– placing the firm as one of the top leading firms in Israel

IFLR 2016 edition top ranks Yigal Arnon & Co. in the four practices it covers in Israel, placing the firm as one of the top leading firms in Israel. The firm is ranked 'Tier 1' in Mergers & Acquisitions, Banking & Finance, and Project Finance, and ' Tier 2' in Capital Markets. View all rankings

IFLR 2016 edition top ranks Yigal Arnon & Co. in the four practices it covers in Israel, placing the firm as one of the top leading firms in Israel. The firm is ranked 'Tier 1' in Mergers & Acquisitions, Banking & Finance, and Project Finance, and ' Tier 2' in Capital Markets.


05 January 2015

Yigal Arnon & Co. represented Peninsula Group Ltd. in an investment agreement with Meitav Dash Investments Ltd.

Advs. Dani Marcovici and Michael Keren, and the intern Liad Kalderon, represented Peninsula Group Ltd., a publicly traded company controlled by Meitav Dash Investments Ltd., operating in the field of providing non-bank credit to small and medium sized businesses in Israel, in preparing and publishing a shelf prospectus which will allow the company to issue different types of securities, including debentures in accordance with a recent amendment to the Banking Law (Licensing), 5741-1981.
  Different publications concerning the agreement can be viewed here (Hebrew): http://www.themarker.com/markets/1.2811394
http://www.calcalist.co.il/money/articles/0,7340,L-3677324,00.html
http://www.talniri.co.il/marketnews/article.asp?id=74098
Advs. Dani Marcovici and Michael Keren, and the intern Liad Kalderon, represented Peninsula Group Ltd., a publicly traded company controlled by Meitav Dash Investments Ltd., operating in the field of providing non-bank credit to small and medium sized businesses in Israel, in preparing and publishing a shelf prospectus which will allow the company to issue different types of securities, including debentures in accordance with a recent amendment to the Banking Law (Licensing), 5741-1981.
 

Different publications concerning the agreement can be viewed here (Hebrew):

http://www.themarker.com/markets/1.2811394
http://www.calcalist.co.il/money/articles/0,7340,L-3677324,00.html
http://www.talniri.co.il/marketnews/article.asp?id=74098


26 October 2014
IFLR1000 2015 edition top ranks Yigal Arnon & Co. in the four practices it covers in Israel, placing the firm as one of the top two leading firms in Israel. The firm is ranked 'Tier 1' in Mergers & Acquisitions, Banking & Finance, and Project Finance, and ' Tier 2' in Capital Markets.  

IFLR1000 2015 edition top ranks Yigal Arnon & Co. in the four practices it covers in Israel, placing the firm as one of the top two leading firms in Israel. The firm is ranked 'Tier 1' in Mergers & Acquisitions, Banking & Finance, and Project Finance, and ' Tier 2' in Capital Markets.

 

24 April 2014
The panel, moderated by Zvi Gabay, a former Commissioner of the Securities Authority Enforcement, referred to a series of Administrative Enforcement issues. Excerpts from the panel were published in the "Echad Haam" magazine of the Public Companies Association, distributed by the Globes newspaper.
 

The panel, moderated by Zvi Gabay, a former Commissioner of the Securities Authority Enforcement, referred to a series of Administrative Enforcement issues. Excerpts from the panel were published in the "Echad Haam" magazine of the Public Companies Association, distributed by the Globes newspaper.
 


12 February 2014

Yigal Arnon & Co. Represented JP Morgan in an $800,000,000 Private Offering

Advs. Daniel Marcovici, David SchapiroAmir Kolton and Eric Spindel acted for JP Morgan as the lead underwriter of a private placement to Israeli and foreign institutional investors of senior secured notes in the aggregate amount of $800,000,000, issued by B Communications Ltd. (the controlling shareholder of Bezeq (TASE: BZEQ), Israel’s largest telecommunications provider). The notes are secured through placement of a lien on certain assets of the issuer, including its controlling shareholding in Bezeq. The notes will be registered for trading on the Tel-Aviv Stock Exchange's platform for trading by institutional investors known as "TACT-Institutional". This offering was unique and unprecedented in Israel, both in terms of size and complexity, it having required various regulatory approvals, including from the Israel Securities Authority, the Ministry of Communications and the Prime Minister of the State of Israel, the Israeli Tax Authority and the Tel-Aviv Stock Exchange.

Advs. Daniel Marcovici, David SchapiroAmir Kolton and Eric Spindel acted for JP Morgan as the lead underwriter of a private placement to Israeli and foreign institutional investors of senior secured notes in the aggregate amount of $800,000,000, issued by B Communications Ltd. (the controlling shareholder of Bezeq (TASE: BZEQ), Israel’s largest telecommunications provider). The notes are secured through placement of a lien on certain assets of the issuer, including its controlling shareholding in Bezeq. The notes will be registered for trading on the Tel-Aviv Stock Exchange's platform for trading by institutional investors known as "TACT-Institutional". This offering was unique and unprecedented in Israel, both in terms of size and complexity, it having required various regulatory approvals, including from the Israel Securities Authority, the Ministry of Communications and the Prime Minister of the State of Israel, the Israeli Tax Authority and the Tel-Aviv Stock Exchange.


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