FBC represented SKY Fund in a transaction in which Sky extends an NIS 81 million convertible loan to Mike Holdings 2017 Ltd. and its shareholders.
The loan is intended to fund the acquisition by Mike Holdings of 66% of the share capital of A.L Filters Group such that, following the acquisition, Mike Holdings shall hold 100% of A.L Filters Group. In the event of conversion, the loan will be converted into preferred shares representing 50% of the share capital of Mike Holdings.
A.L. Filters Group is a privately held global group specializing in manufacturing, marketing and distribution of high-quality automotive filters (for air, cabin, fuel and oil). It is headquartered in Israel, with operations in North America, Asia and Europe.
