On-demand delivery giant, DoorDash is to acquire Wolt in a USD8 billion deal that is expected to close next year. The acquisition is the second acquisition for DoorDash in 2021, after acquiring Chowbotics earlier this year. Founded in 2014, Wolt is a Finland-based company that contracts out couriers to deliver takeout, groceries, and other goods […]
Author: Idan Nishlis
In this bumper November edition of Israel Desks magazine, we take a deeper dive into how the Abraham Accords are developing, one year after their signing at the White House. We catch up with thought leaders and those in the commercial trenches, from Herzog and Shibolet, to Greenberg Traurig, DLA, BCLP, and more. Building on this […]
Gornitzky advised Group 11 in the launch of the very first VC fund listed on the TASE UP platform – An innovative platform designed by TASE for private companies to access capital from institutional and qualified investors. The fund was represented by partners Dr. Eyal Raz, Sharon Werker-Sagy, Daniel Paserman (Head of Tax), Gila Ponte-Shlush and Dr. Assaf Prussak, together with […]
Co-chair of Herrick’s Israel Practice, Yariv Ben-Ari, speaks with Uri Mandel, Partner, Head of Project Finance Department at Erdinast, Ben Nathan, Toledano & Co. with Hamburger Evron in Israel as they discuss large-scale infrastructure projects in both Israel and the U.S. Listen here as they discuss public-private projects (P3), the import and export of relevant […]
According to a special IVC-Meitar report, there are some interesting statistical takeaways on the differences between the public and private markets and Israeli tech. The median valuation of the 24 Israeli companies that went public between May 2020 and July 2021 declined by 15% from the IPO price, whilst the median valuation of the 31 […]
Pearl Cohen welcomes two new partners – Rozan Khater and Amir Zaarur to its Internet and Capital Markets Groups. Rozan joins as a partner in the Internet, Cyber and Copyright Group, bringing extensive experience from over 12 years as a Senior Privacy Officer in the Global Privacy Department at PPD, a leading Clinical Contract Research Organization, and […]
In yet another transaction in the fintech space, GK8 Ltd. has been bought by crypto lending platform Celsius Network Ltd. for an amount believed to be USD 115 million. Yigal Arnon has represented Israeli crypto custody technology firm, GK8 since its incorporation all the way through the successful exit. Our team was led by partners […]
Biotech company Immunai has closed a major investment from Koch Disruptive Technologies, which was lead investor alongside other new and existing investors. Immunai works to map the immune system with single-cell biology and AI to power new therapeutic discoveries, accelerate drug development and improve patient outcomes. The investment of appx. USD 215 million will allow […]
SoftBank takes stake in Israel’s most active venture capital firm, OurCrowd. The Japanese tech giant’s USD 25 million investment is being made through SoftBank’s Vision Fund 2, in exchange for an undisclosed stake in the company. White & Case acted for SoftBank, led by London partners Daniel Turgel and Emmie Jones, together with associate Francis […]
Gross Law Firm (GKH) hosted a webinar on “Trends and Best Practices in International M&A Transactions”. Topics included M&A trends in the US, M&A trends in Israel, deal terms, tax issues and pre-merger preparation and post-merger integration. Instrumental in the event was the wider Gross legal team, notably Dr. Ayal Shenhav, Adv. Rick Mann and […]
