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 Polk & Wardwell LLP acting for Taboola, White & Case LLP and Goldfarb Seligman & Co. representing ION in relation to the NYSE listing.
Herzog Fox & Neeman has acted for Kanabo in a ‘game changer’ for the cannabis sector as it is expected to be the first cannabis company set to list on the London Stock Exchange. In another first, Pillsbury has advised Israel’s Shikun & Binui on the purchase of a 108MW California Solar Portfolio, the first solar project in the U.S. for Shikun & Binui (S&B) USA Energy.
Erdinast, Ben Nathan, Toledano & Co. represented Tene Investment Funds in its equity and secondary investment, in GlassesUSA.com, while Gornitzky & Co. represented ZeroWaste Ltd. in financing of USD 250 million BOT project for waste treatment facility and Gross Law Firm – GKH acted for Melio, in closing a USD 110 million financing round, on a USD 1.3 billion valuation.
And DLA Piper Israel Country Group recently co-hosted a virtual event on the Nordic region and its opportunities for Israeli investors. Bryan Cave Leighton Paisner LLP will hold a webinar on SPACs for Israeli investors and advisors and Sheppard Mullin Richter & Hampton LLP‘s 2020 In Review: Dealing With Schrems II Fallout.