Shikun & Binui Energy is to raise NIS 555 million in its IPO on the Tel Aviv Stock Exchange (TASE) – the biggest IPO on the TASE so far this year – although the valuation is less than half that planned for by Shikun & Binui Energy when it began the public offering process almost […]
Author: Idan Nishlis
ARGIS has invested approximately NIS 500 million in an office building in Bilbao, Spain, through a dedicated SPV held 49% by Meitav Investment House. Herzog‘s fund team has accompanied ARGIS and its ARGIS Opportunity fund that invests in real estate in Spain. Attorney Gal Sasson leads the formation of the SPV and the negotiations with […]
US video platform Panopto reports has revised its bid to buy Israeli video cloud platform Kaltura. The revised bid is for USD 3 per share, which values Kaltura at USD383 million. Kaltura provides video management systems for businesses, media organizations and universities. The company was founded in 2006 by CEO Ron Yekutiel, Dr. Michal Tsur, Dr. […]
Israeli lidar start-up Innoviz has struck a deal reported to be worth USD 4 billion with Volkswagen to supply advanced ADAS features for its next generation of automated vehicles. The deal will run for eight years starting “mid-decade”, when the first Innoviz-equipped Volkswagen group vehicles are expected to ship. Innoviz expects to supply units for between 5-8 […]
Gornitzky partners, Daniel Paserman and Inbar Barak-Bilu, answer questions to relevant taxation issues with respect to trusts. Which kinds of trusts are subject to tax and reporting in Israel? Israeli law defines five types of trusts for tax purposes, which determine the relevant tax arrangements. Israeli tax law applies to foundations, establishments, and trusts reg. as well. In […]
Bank Leumi has issued international senior notes amounting to USD 500 million – the first ever international offering of senior notes by an Israeli bank. Herzog Fox & Neeman represented Bank Leumi in the offering, led by partners, Ron Ben-Menachem (Capital Markets), Nir Dash (Capital Markets), Irit Roth (Banking), and Dr. Ehab Farah (Tax), along with associates Mohammad Mawasi, Oren Halfon, Gal Zini, and intern Maya […]
Nasdaq-listed Tremor International Ltd., a global leader in video, data and connected TV advertising, announced the acquisition of California-based marketing technology unit Amobee Inc. from Singapore-based Singtel for USD 239 million. According to reports, Tremor is buying Amobee to add capabilities including the ability to plan ad campaigns across traditional TV and digital channels in the […]
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 – Ari Berman of Pillsbury’s Israel Practice Group. You have had an Israel Desk and team for some time, what was the driving […]
There are currently 400 Israeli companies in existence that provide various services, employ around 350,000 workers total, and are not listed on the Tel Aviv Stock Exchange (TASE), a recent investigation by TASE’s Economics Department showed. Read more in this interesting piece in the Jerusalem Post.
Israeli exports projected to reach record USD 165 billion in 2022, according to data from H1 2022 and FTA forecasts. Tech exports including programming and software, IT consulting and IT services accounted for 46% of all services exports in 2021, according to the report, while scientific R&D and scientific and technical services made up 17% […]
