FBC represented Bright Food (Group) Co., Ltd. and its affiliated entities in a financing transaction with Bank Hapoalim of approx. NIS 2 billion bank loan of Ap.Ms.Tn Holdings, Ltd. through which BFG holds its control interest in the Tnuva Group.
The refinancing transaction was consummated simultaneously with the closing of the purchase transaction in which BFG acquired the control stake in the Tnuva Group from the Apax funds and Mivtach Shamir. The Bank Hapoalim loan refinanced a previous loan from Bank Leumi.
BFG, the second largest food manufacturer in China and owned by the Chinese government, holds 77% of the ownership interest in the Tnuva Group.