The total value of all the companies traded on the TASE has risen 25% from just over NIS 800 billion at the end of 2020. The total value of the companies traded on the Tel Aviv Stock Exchange (TASE) passed above the NIS 1 Trillionthreshold last month, according to the TASE summary for September. The […]
Author: Idan Nishlis
Electra Consumer Products Ltd. has signed a 20-year Master Franchisee Agreement with 7-Eleven, to operate the brand in Israel. The deal includes an option to extend the agreement for a further 50 years. With plans to open 3-400 stores, 7-Eleven plans to open the first store in Tel Aviv in 2022, with the store opening […]
Cyren, an Israeli provider of email security and threat intelligence solutions, has completed a USD 10.2 million private placement at a Premium to Market. With offices in the US and Europe in addition to Israel, Cyren is offers cloud-based cybersecurity solutions to protect businesses and organizations of all sizes. The Greenberg Traurig team advising Cyren […]
The court has canceled a fine of NIS 8.6 million imposed on Tnuva for consumer deceptions. A year ago, the Consumer Protection Authority imposed an unusual fine of NIS 8.6 million on Tnuva, for misleading consumers in the sale of chicken products, which Tnuva had paid. After a complex legal battle, the court accepted Tnuva’s […]
IoT company, Sternum has completed a USD 27-million Series B funding round led by Spark Capital, with the participation of existing investors Square Peg capital, the Hinrich Foundation, the European VC firm btov, and other private investors. Boston-headquartered Goodwin advised Sternum on the transaction. This is believed to be one of the largest amounts ever raised […]
Dechert and Naschitz Brandes Amir, as local counsel, acted for Slinger, a leading connected sports company, in its USD 82 million acquisition of Israeli-based sportstech company PlaySight Interactive Ltd. The Dechert cross-border team involved lawyers from its London, Philadelphia, New York and Boston offices, including corporate partners Douglas L. Getter and Stephen M. Leitzell; counsel James Stonehill; […]
Aspire Global has finalized an agreement to sell its B2C segment to the US-based Group, Esports Technologies. Consideration for the deal amounts to approximately €65 million, comprising cash, debt and shares. The transaction also includes an agreement whereby Aspire Global will provide platform and management services to the purchaser for a period of four years, […]
Softbank Vision Fund II leads investment in Series C financing of Israel’s StreamElements. “This is once again an exciting investment by Softbank in an innovative Israeli company at the forefront of the converging industries of technology, gaming and marketing,” said White & Case partner Dan Turgel, who led the Firm’s deal team. StreamElements is an […]
Erdinast, Ben Nathan, Toledano & Co. With Hamburger Evron and DLA Piper have acted for Israeli 4D imaging radar solutions for smart cars developer, Arbe Robotics Ltd. in its successful de-SPAC merger with Industrial Tech Acquisitions, Inc. and its listing on the NASDAQ. Arbe was represented by EBN partners Shay Dayan and Lior Etgar, along with attorneys Bar Fenster, Shmarya […]
Israeli AI chip maker Hailo becomes newest ‘unicorn’ after USD 136 million investment, bringing the total raised to USD 224 million. The investment values the Tel Aviv-based start-up at over USD 1 billion. Founded in 2017, the company’s AI processor allows smart devices to run deep learning applications for industries such as automotive, drones, and […]
