Fischer Behar Chen Well Orion & Co's capital markets practice receives plaudits from peers for advancing and gaining market share. "If I had to take my hat off to anyone its Fischer....
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Fischer Behar Chen Well Orion & Co's capital markets practice receives plaudits from peers for advancing and gaining market share. "If I had to take my hat off to anyone its Fischer. They've grown their practice both in terms of cross-border underwritings as well as internal," observes one peer, adding: "They are a firm that is moving up. They are someone to be reckoned with."
Debt work has occupied the capital markets team and on it's largest transaction the firm represented Bezeq in the issuance of a series of debentures valued at $753 million. The team also advised Clalbit, an insurance group, in the issuance of NIS400 million ($111.5 million) of debt to institutional investors.
On the M&A side, the firm has been active in the technology sector and represented Netvision, an Israeli internet provider, on it's $419 million merger with Cellcom. The firm also advised the Fishman Group on the sale of half of its holdings in Hot Cable, one of Israel's cable communication companies, for $70 million.
In banking work the firm has been active for the government advising on the continuing privatisation of Bank Leumi, which included a sale of a 5% share in the bank to UBS in January 2011 for $400 million.
The firm's project finance practice, headed by Gilad Winkler represented a consortium comprising Danya Cebus, an Israeli construction company and China Civil Engineering Construction Corporation in a tender for the construction of railway tunnels in the rail line to the northern city of Carmel. On the renewable side the firm advised Abengoa Solarin, a tender for BOT (build-operate-transfer) projects of two solar plants.
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