STORIES

Background

The Israel Ports Development & Assets Company Ltd. (IPC) is a government organization and is responsible for the development of Israel’s three commercial seaports. IPC manages some of the country’s largest infrastructure development projects.

The Company is rated Aa1 by Moody’s and AAA by S&P.

Accomplishment 

Orion was the leading underwriting firm in the issuances of 3 series of bonds (A, B and C).

The total amount raised for all 3 series was approximately $2.5 billion and the total demand for all 3 series was approximately $4.99 billion.

In October 2020, we raised an additional NIS 750 million for IPC by expanding the series B bond.

Background:

Park Plaza are an international hospitality real estate group, with a prime property portfolio consisting of 46 properties in five countries.

PPHE shares are listed on the Premium Listing segment of the Main Market of the London Stock Exchange.

Orion led the block trade in in the Israeli capital market in order to allow greater liquidity for investors by expanding the shareholder base.

Accomplishment:

Distribution of 7.18 Million shares out of a total of 9.3 million shares for £16 share price, the placing represented 17% of the issued share capital of the Company.

Total raised amount in the Israeli capital market £115.5 Million.

Following the successful block trade, In June 2019 PPHE entered the FTSE 250 index.

Background

Yohananoff & Sons (1988) Ltd. is an Israeli Retail chain known under the Yohananoff brand.

Yochananoff is one of the largest Retail chains in Israel and has about 30 branches throughout Israel.

Accomplishment

During November 2019, Orion led the largest non-banking IPO in the local stock exchange, Yochananof Retail Chain which was issued at a value of 2.35 NIS.

The total amount raised for the offering was over NIS 500 milion.

Background

Aquarius develops, manufactures, and distributes linear internal combustion engines, based on its proprietary technology, which are also integrated into generators for off-grid electricity or for boosting electric powertrain. With one moving part only, Aquarius’ engine is compact and lightweight, allowing for reduced manufacturing and current maintenance costs.

Accomplishment

The issuance of Aquarius Engines was one of the first technology companies to conduct an IPO on the Israel Stock Exchange in 2020.

The company went public at a value of NIS 1 billion and raised roughly NIS 223 million.

Background

Nofar Energy is at the forefront of the green energy revolution in Israel and has been leading the solar field in Israel in recent years.

Accomplishment

In December 2020, Orion led the largest IPO in the Tel Aviv stock exchange in 2020; Orion raised for Nofar Energy NIS 613M at a total value of NIS 2.61B.

Background:

Diplomat is the leading sales and distribution company in Israel.

Diplomat provides customers with full-service supply chain management solutions and a diverse portfolio of FMCG and food brands from some of the world’s leading companies.

Accomplishment:

In March 2021, Orion raised for Diplomat 300M NIS, at a total value of 1.5B NIS.

Background

Mega Or specializes in developing and managing income producing real estate of commercial properties and logistics centers in Israel.

The company’s IPO was in 2007 and is traded at a market value of approximately ILS 3.5 billion. Since the IPO, the company has issued 9 series of bonds, out of these 5 are currently traded for a total debt of ILS 2.6 Billion.

Accomplishment

In 2018- Orion completed a successful raise despite volatile market conditions of ILS 250 million with an interest rate of 1.4% for 7-year duration bonds; total demands of the offering were $618 million.

Orion provided the company with rating advisory services and due to the series securities accomplishes  AA- rating by S&P, which is 2 notches higher from the company’s rating (A).

In 2019- The total amount raised was about ILS 200 million in equity and ILS 670 million in bonds.

In 2020- Orion raised for the company an additional ILS 200 million in equity and about ILS 700 million in bonds.

Background

Pinnacle group has selected a large portfolio and has created a holding company named Zarasai.

The Pinnacle Group is a privately held, New York real estate firm, holding one of the largest rent stabilized portfolios in New York City, with a unique business model and strong financial performance. Since its first bond issuance in Israel the company has raised over $3 billion.

Accomplishment