As the world continues to open up, Israel has been opening up to more and more countries this past week. Reports shone light on how Israel and Egypt are to boost economic ties and step up bilateral trade to USD 700 million, while the #UAE has already recorded trade with Israel over USD 2.5 billion since the Abraham Accords were signed, while dozens of Israeli tech entrepreneurs recently flew to Saudi Arabia for advanced talks on Saudi investments in Israeli companies and Israeli investment funds. Tech lay at the heart of the Israel-#Mexico tech acceleration program, which was inaugurated by the Israeli Embassy of Mexico this past week.
This week saw landmark transactions, starting with one of the largest sports M&A deals in history – the acquisition of Chelsea FC for GBP 4.25 billion, led by Latham & Watkins Israel Desks lawyer. In other landmark transaction, Israel’s largest transit bus company, Egged, represented by Gross Law Firm (GKH), approved sale of stakes to Keystone Fund, reflecting a company valuation of NIS 4.8 billion.
In a recent SPAC deal, Bryan Cave Leighton Paisner and EBN are advising the buyer of Freightos Limited, represented by DLA and Taylor Wessing acted for Israeli-founded PPHE Hotel Group as it looks to develop lifestyle hotel portfolio and extending its strategic relationship with Radisson Hotel Group.
DLA represented Amdocs in a key acquisition and in another busy week in capital markets Agmon & Co., Rosenberg Hacohen & Co. represented Amot and Bank Leumi on separate issuances with a combined value of approximately NIS 1 billion.
IPStars released their annual Top 250 Women in IP rankings, featuring four Israeli lawyers and IFLR1000 releases its Israel rankings for Banking & Finance and Project Finance.
Last, we conclude this edition with a new feature in our weekly roundup – Israel Desks under the spotlight! In this new weekly section, we profile the driving force behind Israel Desks firms, as we catch up with the prominent leaders of the global law firms with Israel Desks: This week – Herrick Feinstein’s Co-Chair of the Israel Practice Group, Yariv Ben-Ari.
Click here to read the weekly update: