Israeli cybersecurity optimization solutions company CYE has raised USD 120 million in a financing round led by the global investment organization EQT, with participation from existing investor, 83North. The company was founded in 2012 by CEO Reuven Aronashvili, who told Globes that the latest financing round was at a valuation of less than USD 1 […]
Author: Idan Nishlis
U.S.-based cyber company Rapid 7, represented by Gross Law Firm – GKH, is acquiring Israeli start-up Alcide.IO Ltd for USD 50 million. H-F & Co. represented Alcide.io in its exciting acquisition by Rapid7 and throughout the journey leading up to it. To date, the Tel Aviv-headquartered company had raised USD 12 million from the likes […]
Erdinast, Ben Nathan, Toledano & Co. represented I.D.I Insurance Company (Bituach Yashir) in the sale of its manager insurance business to Menora Mivtachim Insurance Company. By doing so, IDI (Israel Direct Insurance Ltd.) overtakes rivals, in terms of its company value (market cap), to become the country’s most valuable insurance company. The transaction consisted of a […]
Digital payments company Payoneer has become the latest Israeli company that will be listing on Wall Street through a merger with a blank check company. The definitive agreement and plan of reorganization between Payoneer and FTAC Olympus Acquisition Corp. (Nasdaq: FTOC), a special purpose acquisition company (SPAC) will be renamed Payoneer Global Inc. and is […]
DLA Piper represented Caesarstone (NASDAQ: CSTE), a leading manufacturer of premium quartz surfaces on its USD 27 million strategic acquisition of Omicron Granite and Tile (“Omicron”), a US-based wholesale importer of natural stone. Omicron is a stone supplier operating in 17 locations in Florida, Ohio, Louisiana, Michigan and Alabama. Omicron expands Caesarstone’s distribution network in […]
Israeli startups raised a record monthly figure of over USD 1.2 billion in January 2021, according to press releases from the companies and their investors. Israeli tech companies raised a record more than USD 10 billion in 2020, according to IVC-ZAG, up from USD 8.3 billion raised in 2019, and USD 6.4 billion in 2018. […]
The dispute between the partners holding rights to the Tamar and Leviathan offshore gas fields, which has been continuing over the past year, has finally been resolved, resulting in estimated savings of NIS 100 million for the Israel Electric Corporation (IEC). S. Horowitz & Co. represented the Israel Electric Corporation (IEC) in its struggle to […]
Israeli private equity firm FIMI Opportunity Funds is acquiring a 62.5% stake in E&M (Emet) Computing Ltd. (TASE:EMCO) for NIS 450 million at a company valuation of NIS 720 million. The deal will be completed if certain contingency conditions are fulfilled within 90 days. In the first nine months of 2020, E&M’s revenue was NIS […]
Gross and Latham & Watkins are advising Otonomo Technologies Ltd. on its planned merger with a U.S. special purpose acquisition company, the NASDAQ-listed Software Acquisition Group Inc II., represented by Gornitzky & Co. and Kirkland & Ellis. Otonomo is headquartered and has an R&D center in Israel, and it has a presence in the U.S. […]
One clear winner in the 2020 U.S. election has been the continuing state-level legalization of both medical and recreational cannabis. Four additional states voted to allow recreational use, and Mississippi voters authorized a medical marijuana program. As it stands, 36 states have legalized medical marijuana, and 15 of those states will allow recreational (or “adult […]
