While Israel’s politicians try to negotiate the country towards a coalition government, there are plenty of negotiations for Israeli businesses this past week. Israeli startups raised a record USD 2.8 billion in March 2021, almost doubling the previous monthly record of USD 1.44 billion, set in January. Erdinast, Ben Nathan, Toledano & Co. represented More [...]
While the Israeli election remains uncertain, there is no doubt that the trend of SPAC transactions shows no sign of slowing. This past week, we saw Meitar and Erdinast Ben Nathan Toledano & Co. continue to advise on SPACs. Meitar advising ironSource on its SPAC merger, valuing the merged company at a whopping USD 11 billion, EBN acted for [...]
As we step towards Passover, it has been a SPACtastic week again in Israel. While Herzog, Fox & Neeman acted for PLAYSTUDIOS in huge SPACmerger in mobile gaming sector, Meitar advised Israeli fintech company, eToro on a record-breaking merger via another SPAC by FinTech Acquisition Corp. V represented by Gornitzky & Co. While their valuations surged [...]
As we race into March and hope springs up, yet another Israeli company joined the Unicorn Club –Axonius, which recently completed a USD 100 million Series D funding round, giving the company a valuation of over USD 1 Billion. Both Greenberg Traurig, LLP and Goldfarb Seligman advised. There were twin acquisitions for Bryan Cave Leighton Paisner LLP to [...]
Last Friday (February 19th), President Biden recommitted theUnitedStates to the Paris Climate Agreement. Climate change and renewable energy are firmly back on the map. With UK Prime Minister Boris Johnson looking to “turn Britain into the Saudi Arabia of wind” and Israel building some of the most cutting-edge solar farms in the world, we explore the current state of play [...]
As we head towards Valentine’s Day, there is a lot of love still in the air for the SPAC. Israeli digital payments company Payoneer is set for a $3.3B value SPAC merger, with Meitar acting as Israeli counsel, Davis Polk & Wardwell and Paul Hastings as regulatory counsel, while Morgan, Lewis & Bockius represented FTAC Olympus Acquisition Corp. There were key sales in [...]
The latest IVC-ZAG report notes that Israeli startups raised record $1.2B in Jan '21, after raising a record $10B in '20. Israeli tech startups have begun '21 with more capital raised than in any single month before. At the other end of the spectrum, Gross Law Firm and Latham & Watkins are advising otonomo on its planned [...]
As we head into February, there are some key stand out deals that have emerged in Israel. Taboola is going public via a merger with ION Acquisition Corp. 1 Ltd., a SPAC, at a USD 2.6 billion value - involving a string of law firms - Latham & Watkins LLP, Meitar Law Offices and Davis [...]
A first-of-its-kind research, conducted by Nishlis Legel Marketing, in collaboration with ACC Israel, presents for the first time a glimpse into the world of Israeli legal advisers and provides insights gained from the study, which every lawyer, domestic and foreign - who has activity in Israel, must read and comprehend. According to Nira Poren, CEO [...]
In this weeks news roundup, we see a number of M&A and capital markets transactions paving the way: AYR – Amar Reiter Jeanne Shochatovitch & Co. and Latham & Watkins advised Israeli digital insurance company, Lemonade in its issuance of a second offering of its shares on the NYSE, totaling approximately USD 800 million, while Gornitzky & Co. advised Israeli fintech company, Rapyd [...]
