Egged has approved the sale of a 60% stake to Keystone REIT Fund, reflecting a company valuation of approximately NIS 4.8 billion! Under the terms of the deal, the Egged shareholders will have the option to sell their remaining shares starting from the 2nd year anniversary of the transaction. This deal is made in continuation […]
Author: Idan Nishlis
Israeli-founded PPHE Hotel Group, the London listed international hospitality real estate and management company, has extended its longstanding strategic partnership with Radisson Hotel Group. Through the partnership, they will jointly develop a global portfolio of premium lifestyle art’otels in key gateway cities and capitalize on growth opportunities presented by PPHE’s current and future property portfolio. […]
Israeli IT solutions provider to telecom companies Amdocs Ltd. has acquired UK company MYCOM OSI for USD 188 million cash. DLA represented Amdocs in this key acquisition designed to expand its portfolio in network service assurance and monetization MYCOM OSI provides software-as-a-service (SaaS) solutions for control and security services for cloud-based communications networks for telecom companies.
A consortium led by Todd Boehly, chairman and CEO of Eldridge, and Clearlake Capital Group, L.P. has bought Chelsea Football Club for €4.25 Billion. Boehly is the owner of the Los Angeles Dodgers, the Los Angeles Lakers, and the Los Angeles Sparks. The club was put up for sale in March before previous owner Roman […]
Dubai International Chamber has announced plans to open a representative office in Tel Aviv to facilitate trade and investment between in Dubai and Israel. Read more here.
After building a network of over 1,000 ultra-Orthodox women in the tech industry, Rivka Zafrir is launching Israel’s first-ever accelerator program for female, Haredi start-up entrepreneurs. Read more here.
Capital Investment in Hospitality in a Post-Covid World – An International Conversation Yariv Ben-Ari, co-chair of Herrick’s Hospitality and Israel Practices is joined by Jonathan Falik, Founder and CEO of JF Capital Advisors based in the U.S.; Rahul Thakrar, Partner at Boodle Hatfield based in London; and Ram Spektor, Partner at Shibolet in Tel Aviv to discuss capital investments in the hospitality sector […]
On the negative side, starting November 2021, there has been a fall in investments in Israeli start-ups from new investors, who had not previously invested. On the positive side, IVC-LeumiTech found that the fall in the number of investments in Israeli startups is more moderate than the downward correction on Nasdaq. The full report will […]
OPC Energy, a subsidiary company of Ofer Brothers Group, has acquired the full ownership rights in the Sugat power plant from Dor Alon, managed and owned by Moti Ben Moshe. The deal is one of the largest deals in the energy industry, worth approximately NIS 1 billion. This deal was accomplished in a record time, vs. significant […]
Vayyar Imaging has raised USD 108 million in a Series E financed with a USD 1 billion valuation for the 4D imaging radar company. It takes the company’s total funding over USD 300 million. The Israeli semiconductor company supplies radars to the automotive and senior care sectors, producing affordable sensors that provide detection and tracking Herzog […]
