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 [...]
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 & [...]
In this week's roundup we feature a new and a soon-to-be unicorn and two landmark energy related matters. IEC, represented by Herzog, Fox & Neeman, hands over Hagit-East power plant to new owners - Shikun & Binui and Edeltech, represented by Erdinast, Ben Nathan, Toledano & Co. With Hamburger Evron. Shibolet & Co. represented OPC [...]
As the world continues to open up, Israel has been opening up to more and more countries this past week. Reports shone light on how Israel and Egypt are to boost economic ties and step up bilateral trade to USD 700 million, while the #UAE has already recorded trade with Israel over USD 2.5 billion since the [...]
Looking back we saw another busy week. Israel's first pumped storage facility, Gilboa, was acquired by Generation Capital, represented by Gornitzky & Co and Erdinast, Ben Nathan, Toledano & Co. With Hamburger Evron represented the seller and PSP. Meitar represented StarkWare in major transaction in the blockchain industry. Super-Pharm, represented by Yigal Arnon-Tadmor Levy, investments in Biotech [...]
Another busy week at the startup nation. Herzog, Fox & Neeman acts for deep data analytics company ProteanTecs in its capital raising. Israeli banks, represented by Fischer, enter agreement with Keystone Fund to provide up to NIS 1.4 billion as acquisition of Egged moves closer. Shibolet & Co. represented Inter Industries Plus in a unique transaction in Greece buying 270 [...]
