FBC was named the “Israel Law Firm of the Year” and was recognized for its role in the “European High Yield Deal of the Year” at the IFLR’s 2015 European Awards ceremony.
IFLR is the market-leading financial law publication for lawyers specializing in international finance in financial institutions, corporate in-house legal departments and private practice.
The IFLR’s “Law Firm of the Year” awards honor the selected firms for their leading role in the most innovative transactions in their country. We were honored to be key players in three of Israel’s ground-breaking transactions over the last year:
In the “European High Yield Deal of the Year” we represented B Communications, the controlling shareholder of Bezeq, Israel’s largest telecommunications provider, in its $800M International High Yield note offering, the first ever international offering of notes listed on the Tel Aviv Stock Exchange. This transaction introduced novel capital raising structures to the Israeli public markets.
In our restructuring practice, we represented the bondholders of Zim Integrated Shipping, in two (consensual) international debt restructurings with respect to company debt of approximately $2.5B. The largest and most complex restructuring ever effected involving an Israeli company, this transaction was recognized as the “Restructuring Deal of the Year” in the ‘M&A Advisor’s 2014 Dealmakers’ Awards’ and was a finalist for IFLR’s 2015 “Restructuring Deal of the Year”.
In the M&A and refinancing areas, we advised the Bright Food Group and its affiliated entities in the purchase of the control stake in the Tnuva Group, Israel’s leading food manufacturer, at a company value of NIS 8.6B. This is the largest investment to date by a Chinese company in Israel and the largest M&A transaction in Israel this year. We advised Bright Food in all aspects of the transaction, including an NIS 2B refinancing.
We thank our valued clients and colleagues for their support and confidence in our ability to lead the Israeli legal market in a wide range of representations at the forefront of Israel’s legal-economic agenda, and we look forward to continuing to offer them professional excellence and personal attention across the spectrum of legal services.