This week, we celebrate Israel’s unicorn success story with our feature and analysis taking center stage in the prestigious Legal Business magazine. Meanwhile, there is continued success for a string of Israeli companies in the past week. Meitar and White & Case advised Tufin Software Technologies Ltd. on its USD 570 million acquisition by Turn/River, represented by [...]
As the Bank of Israel raised interest rates, there has been a string of companies raising financings in the past week. Financing was closed on the NIS 2.7 billion acquisition of the Ashdod desalination facility with Erdinast, Ben Nathan, Toledano & Co. With Hamburger Evron acting for the financiers, while Gross Law Firm represented the buyers [...]
Over $25 billion was raised by Israeli startups in 2021, an almost unimaginable magnitude of investments, according to Calcalist in its recent 2022 promising startups list of the 50 most promising Israeli startups. We used business intelligence and competitive tool, Legal-BI to track the Israeli law firms representing the 50 Israeli promising startups.
While August is often a quieter month for transactions, there was no let up as in one week, Israeli start-ups raised over USD 700 million and insurance company Clal agreed to buy credit card company Max, at a NIS 2.45 billion valuation. Gornitzky acted for Warburg Pincus, with Wachtell, Lipton, Rosen & Katz as US [...]
Another busy week headline matters and news. Thoma Bravo acquires Ping Identity for USD 2.8 Billion. Kirkland & Ellis served as legal advisor to Ping Identity with Shibolet & Co. acted as Israeli counsel. Goodwin served as legal counsel to Thoma Bravo in this monumental deal. Herzog, Fox & Neeman represented autonomous unmanned aircraft systems developer - Airbotics, in its [...]
In the backdrop of Presidents Biden's visit to Israel, two mega-transactions took place this week in the Israeli market. ironSource, represented by Meitar and Latham & Watkins, to merge with Unity Software, represented by Herzog, Fox & Neeman and Morrison Foerster in a USD 4.4 billion transaction. Haifa Port privatization tender moving forward, with consortium [...]
2021 was the best year ever for Israeli tech sector with record investments in startup companies (total of over 23 Billion USD). According to the IVC-Gross Investors Report 2021, featured in Globes, last week, which ranks venture capital fund activity in Israel, these are the most active VC funds investing in Israeli tech, in 2020 and in [...]
In this weekly roundup we list the most prominent international superstars who spearheaded landmark transactions involving Israeli parties in 2021, according the recent Legally Israel 100 and welcome new IsraelDesks member Pillsbury Winthrop Shaw Pittman LLP.Headline news include Goldfarb Seligman acting for Databand.ai in its acquisition by IBM for USD 150 million. Volvo, represented by [...]
As Israel braces itself for potentially new elections, Israeli companies remain a hot ticket at the corporate ballot box. Israel's radar maker RADA is being bought by Leonardo in a USD 670 million deal, with Herzog and Sullivan & Cromwell representing the buyer, DLA Piper and S. Friedman for RADA. In the 5G market, US [...]
Our weekly roundup focuses on large and cross-border matters that took place the past week.Property and Building Corp., represented by Gross Law Firm, has acquired Aaron Frenkel's 37.22% stake in Gav-Yam, for NIS 3.1 billion, in one of the largest private deals ever to take place on the TASE. Agmon & Co. Rosenberg Hacohen & [...]
