Issuances in 2021:
30000000000
NIS
Discount Capital Underwriting has been one of Israel's leading underwriters for 20 years, managing many of the largest and most sophisticated debt and equity issuances in the Israeli market.
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Investment Portfolio 2021:
2900000000
NIS
With a portfolio estimated at NIS 1.86 billion, Discount Capital invests in three main asset classes: direct investments, mezzanine, and investment funds.
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Unique in the Israeli market, Discount Capital’s Research & Analysis team was established with a view to adopting a comprehensive, rigorous and multidisciplinary analytical approach to the firm’s investment and investment banking operations.
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Transactions Completed:
3500000000
NIS
Discount Capital’s Investment Banking team focuses on M&A and corporate finance advisory services, providing clients with key advantages: trusted professionals, market credibility, and the Discount Group’s respected network.
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Three things make a difference: people, people, people

CEO – Discount Capital
Hila Himi

Hila joined Discount Capital in 2015 and serves as the firm’s Chief Executive Officer.

Prior to joining Discount Capital, Hila founded and managed an independent investment banking practice, after several years as a lead partner in Giza Singer Even's Corporate Finance & Investment Banking Division. Hila brings with her a strong track record that includes dozens of private and public transactions, advising top management of both Israeli and international companies in their most notable transactions in the Israeli market.

Hila holds an LLB (Law) and a BA in Communication from Tel Aviv University, and an Executive MBA from the Recanati Business School at Tel Aviv University.

Hila is currently a board member Menif Financial Services, and also sits on the advisory boards of several portfolio funds, including Fortissimo Capital, Plenus Venture Lending Fund, and Rothschild Fund, among others.

Chairman – Discount Capital Underwriting
Tzahi Sultan

Tzahi serves as Chairman of Discount Capital Underwriting.

Tzahi joined Discount Capital in early 2016 after it merged with Clal Finance Underwriting, the leading underwriting firm he founded more than 20 years ago. Drawing on more than 25 years of underwriting experience, Tzahi is one of the most prominent figures in the Israeli capital market.

Under Tzahi’s leadership, Clal Finance Underwriting executed hundreds of public and private offerings, including some of the highest-profile IPOs and privatization processes in the Israeli capital market. Prior to founding and leading Clal Finance Underwriting, Tzahi served in several senior roles, including as Managing Director at HSBC, Chief Executive Officer of Gmul Sahar Underwriters, and Head of the Underwriting Division at Poalim Capital Markets.

Tzahi holds an MBA from Tel Aviv University and a BA in Economics from the Hebrew University of Jerusalem.

Chief Investment Officer – Discount Capital
Hanoch Papoushado

Hanoch joined Discount Capital in 2017 and serves as the firm’s Chief Investment Officer. In this role, Hanoch oversees Discount Capital’s entire investment portfolio.

Prior to joining Discount Capital, Hanoch served as Head of M&A at TASC Consulting, and as Head of Giza Singer Even's Financial Advisory team. Hanoch has extensive experience working with hundreds of executives in the Israeli capital market, and in-depth expertise in all aspects of strategic, business and financial analysis.

Hanoch holds an LLB (law) and a BA in Economics (with distinction) from TAU and an MBA (dean’s list) from the Wharton Business School.

Hanoch is currently a board member of Ginegar (TASE: GNGR), ISI, Marina and Gad, and also sits on the advisory boards of several portfolio funds, including StageOne, Qumra, IGP, and SKY, among others.

CEO – Discount Capital Underwriting
Liran Razmovich

Liran serves as the CEO of Discount Capital Underwriting. He joined Discount Capital following the merger of Clal Finance Underwriting and Discount Capital in early 2016, having been with Clal Finance Underwriting since 2014.

Liran has more than 10 years of experience in the capital market, specializing in the management of both private and public offerings. Prior to joining Discount Capital, Liran was a manager at IBI Institutional Brokerage, responsible for IBI's private bonds trading activity. In 2011, Liran joined Igud Underwriting and Finance as a partner.

Liran holds a BA in Economics and Business Administration from the Academic College of Tel Aviv-Yaffo.

President and Business Development – Discount Capital Underwriting
Tal Rubinstein

Tal is the President and Head of Business Development for Discount Capital Underwriting. During Tal's tenure, the firm has led hundreds of public and private offerings for major companies in the Israeli market and overseas (Nasdaq/Singapore Exchange (SGX)).

Tal draws on more than 20 years of underwriting experience within the Israeli capital market, including some of the highest-profile IPOs. Until 2017, Tal served as Discount Capital Underwriting CEO and prior to the merger between Clal Finance Underwriting and Discount Capital Underwriting, she served as Clal Finance Underwriting’s Vice Chairman and CEO. She previously held various positions in the Israeli underwriting industry, including at Ilanot Batucha Capital Markets and Koor Underwriters & Issuers.

Tal holds an MBA and a BA in Economics and Management from Tel Aviv University.

Managing Director, Head of Investment Banking
Mark Fischer

Mark joined Discount Capital in 2018 and serves as the Head of Investment Banking. In this role, Mark oversees the advisory business of the firm including M&A transactions and corporate finance advisory.

Mark benefits from over 18 years of investment banking and investment management experience including over 10 years at bulge bracket investment banks (Morgan Stanley, Citi and Scotia Capital). Mark brings a strong track record of global transactions having advised on transactions with an aggregate value of more than $7 billion. Mark also spent 4 years running a private investment company on behalf of a private investor focusing on venture capital investments in innovative technology companies.

Mark holds an MBA and an Honors Business Administration (HBA) degree from the Richard Ivey School of Business at the University of Western Ontario.

Deputy CEO and Legal Counsel – Discount Capital Underwriting
Moshe Agami

Moshe serves as Deputy CEO and Legal Counsel of Discount Capital Underwriting. In this role, Moshe is responsible for all legal, corporate and regulatory aspects of Discount Capital Underwriting, including due diligence procedures, drafting trust deeds, negotiating the terms of offerings, and so forth.

Moshe joined Discount Capital in early 2016, following the merger of Clal Finance Underwriting and Discount Capital. At Clal Finance Underwriting, Moshe had served as Deputy CEO and Legal Counsel since 2005, and was previously a lawyer at a leading capital markets law firm. Moshe has extensive experience in a wide range of regulatory aspects in the capital market, specializing in securities and corporate law.

Moshe holds an LLB (Law) (cum laude) from Bar-Ilan University.

Head of Mezzanine – Discount Capital
Ido Avron

Ido joined Discount Capital in 2017 and leads the firm’s Mezzanine Division. In this role, Ido is responsible for the sourcing, execution and oversight of all mezzanine investments.

Prior to joining Discount Capital, Ido was a VP of Investments at the Beresheit Manof Fund, where he executed numerous debt and equity deals and served as a board member in portfolio companies. He also worked as a strategy consultant at Magna Capital. Ido has led a considerable number of financings, investments, business development and other strategic processes in various industries, collaborating with owners, investors, management teams, consultants, and local and international bankers.

Ido is a graduate of the IDF's elite Talpiot program and served as a lieutenant in a special Intelligence Corps unit. Ido completed a B.Sc. in Computer Science and Economics (both with distinction) and an MBA (with distinction), both from Tel Aviv University.

CFO – Discount Capital
Luba Mindlein

Luba joined Discount Capital in 2007 and serves as the firm’s Chief Financial Officer. In this role, Luba manages the Financial Department and is pivotal to the operation, control, and reporting of all the firm's activities. She also serves on the firm's Risk Management Team.

Prior to joining Discount Capital, Luba served as an audit manager at KPMG, where she was responsible for public and private financial clients.

Luba holds a BA in Economics and Accounting (magna cum laude) and an MBA, both from Tel Aviv University. She is a CPA and has been a member of the Israeli Institute of Certified Public Accountants since 2004.

VP, General Counsel – Discount Capital
Yifat Samet-Shalit

Yifat joined Discount Capital in 2016 and serves as the firm’s General Counsel. In this role, Yifat is responsible for all legal and regulatory aspects of Discount Capital’s operations. She also serves on the firm's Risk Management Team.

Prior to joining Discount Capital, Yifat served as the General Counsel of Arko Holdings Ltd (TASE: ARKO) and as a partner at Herzog Fox & Neeman, a leading Israeli law firm. Yifat has extensive experience in a variety of legal, regulatory and business aspects relating to corporate and securities law, M&A transactions, investments transactions, and financing transactions.

Yifat holds an LLB (law) and has been licensed to practice law in Israel since 2001.

VP, Head of M&A – Discount Capital
Amir Tchetchik

Amir joined Discount Capital in 2022, as VP of M&A, responsible for various investment banking activities in Israel. Prior to that, Amir held several positions in Migdal Insurance ltd., one of Israel’s largest asset Managers. In his most recent position there, Amir served as Migdal’s Head of Alternative assets, with responsibilities that included direct equity investments, debt restructuring and investment in Private Equity funds and Hedge Funds
Before that, Amir had several years of experience in financial consultancy and product management, with various companies.
Amir received an MSc, with Merit, in Finance and Economics from London School of Economics and Political Science (LSE) and a Bachelor degree in Economics from the Tel-Aviv University.

Head of Investment Research & Analysis – Discount Capital
Ori Marom

Ori joined Discount Capital in 2015 and serves as the firm’s Head of Investment Research & Analysis. In this role, Ori leads the team that provides the analytical infrastructure for all the investments operations and investment banking projects carried out by Discount Capital.

Prior to joining Discount Capital, Ori held managerial positions at Rotem Strategy and Giza Singer Even, where he was involved in a wide scope of financial and strategic consulting projects for some of Israel's leading corporations.

Ori holds a BA in Economics & Business Administration (summa cum laude) and an MBA (cum laude), both from Tel Aviv University.

He is currently a board member of Ginegar Plastic Products (TASE: GNGR).

Head of Direct Investments – Discount Capital
Nadav Hoizner

Nadav joined Discount Capital in 2017 and serves as the Head of Direct Investments, responsible for Discount Capital's direct investmens in variety of industries and sectors.

Prior to his current position Nadav was an analyst in the Investment Research & Analysis team, supporting the firm’s investment and investment banking operations, focuses on equity analysis, valuations and due diligence processes.

During his studies, Nadav founded and managed the Tel Aviv University Capital Markets Club, which he operated jointly with BDO Consulting and with senior executives in the economic sector in providing lectures to club members.

Nadav holds a BA in Accounting and Economics (cum laude) from Tel Aviv University.