Digital intelligence company, Cellebrite completes SPAC merger

Categories: Corporate and M&A, Hi-Tech

Israeli digital intelligence company Cellebrite and TWC Tech Holdings II Corp. (Nasdaq: TWCT) have completed their SPAC merger in a transaction that gives Cellebrite a company valuation of appx. USD 2.4 Billion.

The Petah Tikva-based company, which provides digital intelligence solutions to law enforcement agencies and governments, will begin trading on NASDAQ this week. Herzog Fox & Neeman advised on the merger, notably partners Yair Geva and Erez Abu and associate Miri Wang.

Cellebrite was founded in 2001 by Yaron Baratz, Yuval Aflalo and Avi Yablonka and is managed by CEO Yossi Carmil. In 2007, Japan’s Sun Corp. acquired Cellebrite for just USD 17 million.

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