Wishing all our friends, colleagues and clients a successful and happy new year, and if 2023 follows how 2022 finished, the signs are promising, across multiple sectors. In fact, the Economist ranked Israel as the fourth best performing economy in 2022.
Recently, Israeli businessman Aaron Frenkel bought 11% of the Tamar gas reservoir in Israel for USD 520 million, with Lipa Meir acting in this significant gas deal. DLA Piper advised on a key cross-border acquisition in the gaming sector as Israel’s Moon Active bought Zen Match from a Turkish developer. Poland’s MLP Group, whose parent company is Israeli, issued shares worth over PLN 183 million on the Warsaw Stock Exchange, with Taylor Wessing advising. US company RMS bought Israel’s OrboGraph for over USD 100 million, with Sidley Austin Austin and Herzog acting for RMS on the purchase of this seasoned Israeli company, represented by Tulchinsky.
Moreover, in the latest in a spate of mergers in Israel, Agmon & Co. Rosenberg Hacohen & Co. and Tulchinsky, Marciano, Cohen, Levitski & Co.announced their merger, giving the combined firm approximately 180 lawyers and further expanding the firm’s commercial offering in the VC and high-tech sectors, among many others.
The recent PwC Israel annual report, Israel tech exits down 80% in 2022, however, according to the Israel Economy Ministry High-tech helps Israel’s exports climb to record $160 billion in 2022.
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https://mailchi.mp/bd6ee692dfcf/legally-israel-news-roundup-8835123
