While we were gone for a short summer break, there was no rest in Israel as businesses from all sectors continued to grab the headlines.
Fintech company Rapyd raised USD 300 million at a record USD 10 billion valuation, the highest-valued private tech company in the history of the country, with law firm FWMK representing lead investor Target Global. Israel’s leading online fashion retailer, TERMINAL X completed a record-breaking IPO on the Tel Aviv Stock Exchange, with Herzog acting on yet another recent listing, Israeli medical device company Memic announced its merger with SPAC at more than USD 1 billion valuation, with Greenberg Traurig as counsel and Tadmor Levy as local counsel, while video technology leader Connatix attracts significant investment, in a transaction lead by Dechert with Weksler Bregman as local counsel and Pearl Cohen representing the target company . And, U.S. fintech leader, Brex, represented by Paul Hastings acquired Weav, represented by Meitar, in a key transaction in the fintech sector.
Following the recent Israel-related boycott by Ben & Jerry’s, litigation specialists Asserson ask: Are the fortunes of the ice-cream powerhouse melting? And in a report by the LSE, Israeli companies are among those listing in London, while Taylor Wessing explains how the UK is the natural choice for Israeli start-ups.
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