Government Related Entities
Throughout the years GCG has accumulated unmatched experience in advising Israeli government-related entities, including: Israel Electric Company, Israel Aerospace Industries, Israel Ports Company, Israel Natural Gas Lines, and others. GCG’s role typically involves analyzing financial alternatives and assisting government-related entities in debt raising processes as well as credit rating related issued (both local and global).
GCG has been serving as a special advisor to IEC’s Board of Directors since 2012. GCG provided financial advice on topics of strategic financial plans, including the issuance of US$3bn global bonds under IEC’s GMTN programme and the issuance of local bonds, both private and public. In addition, during Israel’s gas supply crisis in 2011, and in order to address the sharp rise in prices of raw materials used by IEC, GCG acted as a financial advisor on IEC’s NIS9bn bond issuance (backed by government bonds).
Additionally, GCG advised the IEC Board of directors on all financial aspects of the recent assets settlement and structural reform and advised on all aspects concerning the sale of IEC’s combined-cycle gas-fired power plants (Alon Tavor and Ramat Hovav) as part of an international sale process.
Privatizations
Over the years GCG advised both the Government Companies Authority (GCA) and the Ministry of Finance (M.I. Holding) as part of Israel’s major privatization processes.
Since 2018, GCG is acting as a financial advisor to IAI in connection with potential privatization / IPO, other capital raising for its activities and provides ongoing corporate finance and M&A advisory.
Our experience includes advisory on “buy-side” and “sell-side” mandates in all aspects of the privatization process. Our experience in the field of privatization in the Israeli market is unparalleled and includes: Bank Leumi (2006), sale of Israel Discount Bank (2006) to the Bronfman Group, divestiture of the Bronfman Group’s 25% holding in ISrael Discount Bank via block trade (2011), and others.
In addition, we advised Saban Capital Group/Apax Partners on the privatization process of Bezeq Telecom and acted as an exclusive advisor on the privatization process of Oil Refineries Ltd. On the Oil Refineris privatization, GCG formulated a unique privatization plan which included a global placement of foreign financial institutes with the sale of control (50%) via an IPO.
Our Capabilities
