Weksler Bregman & Co has a very significant client in Africa-Israel. The Israeli investment house has numerous real estate assets across the globe and was hit badly by the sub-prime crisis and mandated the firm to assist in refinancing the company's NIS7....
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Weksler Bregman & Co has a very significant client in Africa-Israel. The Israeli investment house has numerous real estate assets across the globe and was hit badly by the sub-prime crisis and mandated the firm to assist in refinancing the company's NIS7.5 billion ($2 billion) debt which included shares, two series of bonds issuances and debt for equity swaps by the time it was finalised in May 2010. Since the reorganisation the firm have advised Africa-Israel on further bond issuances of NIS400 million and NIS257 million. More recently the firm advised on the publication of shelf prospectus and a rights offering of NIS 200 million.
In M&A, the firm has assisted the company on the sale of a succession of corporate, real estate and infrastructure assets to enable the company to complete a successful restructuring. The firm sold holdings in Route 6, Israel's main toll highway, for NIS500 million; Africa-Israel Residences for NIS648 Million; and Ya'coby Construction Steel for NIS140 Million, in December 2010.
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