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 insurance and cyber sectors, as Erdinast, Ben Nathan, Toledano & Co. represented I.D.I Insurance Company (Bituach Yashir) in the complex sale of its manager insurance business to Menora Mivtachim Insurance, while H-F & Co. advised Israeli start-up Alcide.io as it was gobbled up by U.S.-based cyber company Rapid 7, represented by Gross Law Firm – GKH. Also in the cyber field Israeli CYE , represented by Yigal Arnon & Co., raised $120M in a round led by the global investment organization EQT Group, represented by Herzog Fox & Neeman.
Upcoming events include Greenberg Traurig, LLP to hold key employment webinar looking at “Managing the Challenges of a Remote Workforce” and UK Israel Healthtech Forum sponsored by Taylor Wessing in partnership with UK Israel Business.
Key articles for this week are: CCPA Compliance: A To-Do List for Israeli Companies, by Fox Rothschild LLP and A look at 2020 Israeli tax developments, by Gornitzky & Co.
Click here to read this week’s roundup: https://tinyurl.com/4j6fvdd7