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 chip giant Qualcomm is buying Israel’s Cellwize for upwards of USD 300 million, with the buyer represented by DLA and Fischer, Cellwize by Goldfarb Seligman.
In other news, Meitar represented the world’s leading cross-border end-to-end platform for brands and retailers, Global-e and Cravath represented the seller in a USD 100 million transaction. Leading provider of healthcare AI solutions, Aidoc, raises USD 110 million, EBN represented the investors. ERM acted for Israir in the first major entry of an Israeli airline operator into the international hotel and hospitality sector.
More investors are being lined up here and abroad. Recently, Greenfield Partners has closed USD 350 million in investment funds, focused on early stage growth start-ups, Bahrain’s Al Waha has agreed to invest USD 85 million in Israel-based digital health-focused fund, and a large delegation from Italy came to Israel to seek Israeli water tech to tackle rising drought concerns.
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