Korean giant LG has made its first acquisition in Israel, buying 64% of cybersecurity for vehicles company Cybellum Technologies for USD 140 million. The deal values Cybellum at USD 220 million. The investors are selling their shares, but the entrepreneurs and employees are retaining the remaining 36%. In addition, LG is investing a further USD […]
Author: Idan Nishlis
EJF Acquisition Corp., a publicly traded SPAC company, is to enter into a business combination with fintech company, Pagaya Technologies, Ltd. on the largest Israeli SPAC transaction to date. Pagaya enables financial institutions to expand access to more customers through its artificial intelligence network, and has raised USD 146 million to date including USD 102 […]
Introducing the launch of Shibolet ESG – Shibolet Consulting Ltd. a dedicated ESG and Sustainability consulting service, which will help business corporations, government officials, public organizations and individuals in building an ESG strategy, implementing sustainability goals, and understanding the various local and global regulatory challenges in the field. ShiboletESG is headed by Dr. Liad Ortar, a leading expert with […]
Herzog Fox & Neeman landed Israel Tax Firm of the Year. Gornitzky & Co. took the prize for Transfer Pricing Firm of the Year and boutique Shekel & Co. won Tax Disputes Firm of the Year. The full results can be seen here.
International law firm CMS announced the opening of their new office in Tel Aviv. Operational from 1 October 2021, the office will be led by partner and current Head of the Israeli practice Louis Glass, supported by partner Andrew Besser. This expansion also provides a platform for further growth and deeper integration between the firm’s […]
Melio has closed a Series D financing round, raising approximately USD 250 million from existing and new investors, at a valuation of USD 4 Billion. Gross Law advised on the financing round, which was co-led by Thrive Capital and General Catalyst, represented by Goldfarb Seligman. Tiger Global Management also invested in the round, along with […]
Mobileye, the Jerusalem-based developer of driver assistance technologies, has revealed that it is set to launch a pilot for autonomous taxis and ride-hailing services in Munich and Tel Aviv next year, in collaboration with German-headquartered international car rental and mobility service provider Sixt SE. Mobileye was acquired by Intel Corporation for USD 15.3 Billion in […]
As the SaaS market continues to grow exponentially, OwnBackup has acquired RevCult, a US-based company focused on providing security and governance solutions for Salesforce. OwnBackup, an Israeli/US company is a leading provider of cloud data protection and backup system for companies using Salesforce. Working collaboratively with FWMK, the client’s Israeli counsel, Greenberg Traurig’s multidisciplinary team […]
Online gambling company 888 Holding plc is buying British bookmaker William Hill’s non-US assets for £2.2 Billion (USD 3 Billion). 888 operates online gambling websites and related software and platforms in more than 100 countries including casino, poker, bingo, sport and other games. William Hill International is one of the UK’s leading and most trusted […]
Yigal Arnon partner Eli Greenbaum has shared valuable insight into Israeli economic, financial and trade sanctions – an area of law becoming ever more important in our interconnected world. The article was placed in Lexology’s Getting the Deal Through 2021 and can be read here.
