| Goren Underwriting Ltd.
provides underwriting services for public offerings, primarily on
TASE (Tel Aviv Stock Exchange) and advisory for various public and
private equity flotations. The company is controlled by Sam Gortler
(owner and CEO of GCG), formerly a CEO of Clal Issuing (1990-1996)-
one of the leading underwriting companies in Israel. |
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Capital Market Advisory: |
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GCG acted as Global IPO &
Privatization sole financial advisor for the State of Israel, acting
through the Government Companies Agency, in the IPO of 100% shares
of ORL (Oil Refineries LTD). The offering was for a total consideration
of NIS 6.43Bln and executed in a unique Cross-Border Institutional
tender process for 50% of the shares offered, followed by a Public
offering of the remaining 50% of the shares which included the strategic
investors' participation. |
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GCG has been engaged in the
VID desalination project financing: GCG organized the financing aspects
of the project. VID completed a successful private placement of NIS
500M (through debt units issued) from some 40 leading institutional
investors (2002). |
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Tower Semiconductors' public
debentures flotation (160M NIS) as part $100M facility for new equipment.
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Melisron - NIS 350M Private
placement consultancy (2005). |
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Zim - $120M Private placement
consultancy (2006).
Zim - $100M Private placement consultancy (2005). |
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Road 431 - GCG provided consulting
services and organized the $350M financing for the Ashtrom - Housing
and Construction Group. Bid submitted in 2005, All financing was arranged
(the group was not declared the winning bidder). |
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Sunfrost (Tnuva subsidiary)
- NIS70M public offering consultancy (2004). |
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GCG provided consulting services to the Israeli
Electric Company and the Israeli Ministry of Finance regarding $160M
debt raising on European capital markets, through UBS Warburg (2002).
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GCG acted as
advisor for UBS with respect to the Israeli Government $500M bonds
issuing (2002). |
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GCG provided
consulting services to Bezeq regarding debt raising on European capital
markets. |
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Extensive experience
of Sam Gortler in public offerings as Head of Investment Banking of
Clal Group and CEO of Clal Issuing (the most dominant underwriter
during the relevant period of 1991-1996). Managed dozens of leading
public offerings, including public offerings of the three largest
Israeli commercial banks. |
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Capital raising
through private placements by venture capital funds. |
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Extensive experience
in asset management, including evaluation of dozens of public offerings
and thorough knowledge of the institutional markets. |
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Capital Market
Advisory Credentials - Private Debt |
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Capital Market
Advisory Credentials - Public Debt |
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Capital Market
Advisory Credentials - Private Equity |
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Capital Market
Advisory Credentials - Public Equity |
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* Not completed, all financing arranged ** In Process |
