Highcon Systems raises NIS 60 million through private share placement
Categories: Capital Markets, Hi-Tech
Highcon Systems has successfully raised NIS 60 million by means of a private share placement.
Founded in 2009 and headquartered in Yavne, Israel, Highcon has developed a unique and proprietary technology for digital cutting and creasing solutions for post print processes in the Folding Carton and Corrugated carton industry. The company successfully completed an Initial Public Offering on the Tel Aviv Stock Exchange at the end of 2020.
Two of the largest insurance companies in Israel, Migdal and Clal, led the investment round and increased their stake in the company further. Shibolet advised Highcon, led by partners Saul Adereth, Limor Peled, and associates Dana Rosen Asadon and Shir Wainstein.
