Megiddo Y.K. Ltd., a subsidiary of Aura Investments Ltd., has successfully completed a NIS 123 million IPO of secured bonds, backed by liens on project surpluses. The proceeds will support the company’s expansion in residential development, reinforcing its position in Israel’s real estate market. Goldfarb Gross Seligman advised Megiddo on the offering, with a team […]
Author: Idan Nishlis
Minrav Group Ltd., a leading Israeli construction and infrastructure company, has completed a public bond offering, raising NIS 190 million. The proceeds will support the company’s ongoing projects and financial strategy. S. Horowitz & Co. advised Minrav on the issuance, with Amir Assali and Eden Halpert from the firm’s Capital Markets Practice Group leading the […]
Tenable (Nasdaq: TENB), a leading U.S.-based cybersecurity company, has acquired Vulcan Cyber, an Israeli cybersecurity startup, for USD 150 million. The deal, expected to close in Q1 2025, strengthens Tenable’s capabilities in vulnerability remediation and supports its Tenable One strategy to enhance security across cloud and on-premises environments. Cooley and Arnon, Tadmor-Levy represented Vulcan Cyber […]
DLA Piper advised Woven Capital, Toyota Motor Corporation’s growth fund, on its lead investment in UVeye’s USD 191 million financing round. UVeye, an Israeli AI-driven vehicle inspection company, secured funding to expand its global operations. Jeremy Lustman, Richard Bull, and Ben Griebe led the DLA Piper team, working closely with Israeli lead counsel FWMK, including […]
Superbet, a leading international betting and gaming company, has secured a €1.3 billion refinancing from Blackstone and HPS Investment Partners. The investment will fuel its expansion into new markets, including Brazil, support M&A opportunities, and enhance technological innovation as it strengthens its position in both online and land-based betting. Herzog Fox & Neeman, with Sidley […]
SOCAR Azerigas PU, the State Oil Company of Azerbaijan, has signed an agreement to acquire 48% of Union Energy, a Maltese company controlled by Israeli businessman Aaron Frenkel, which holds a 20% stake in Israel’s Tamar gas field. As part of the deal, SOCAR will also purchase 18% of Tamar Petroleum Ltd. (TASE: TMRP) for […]
Dechert issues key update on regulation of this hot sector. In January 2025, the U.S. made significant strides in reshaping its cryptocurrency regulatory landscape through a series of critical developments. They include the establishment of a dedicated crypto task force led by Commissioner Hester Peirce, aiming to create a clearer, more comprehensive regulatory framework for […]
Record-breaking January sees USD 700 million raised by Israeli startups across 27 deals, led by UVeye and Quantum Machines. In January 2025, Israeli startups raised nearly USD 700 million across 27 deals, a significant 30% increase from January 2024, which saw USD 423 million raised. This marks the most successful January since 2022. Early-stage investments […]
Egged, Israel’s largest public transport operator, is exercising the option to sell an 18% stake to Keystone Fund for approximately NIS 850 million. After extensive litigation-driven negotiations, the total price was reduced by NIS 150 million, and Keystone provided an advance payment of NIS 180 million. The amended agreement also included the cancellation of the […]
Bank Leumi, one of Israel’s top banks, successfully raised NIS 4.4 billion following strong institutional investor demand of NIS 6.7 billion. The issuance included a new series of contingent convertible bonds (COCO), commercial papers, and an expansion of existing bond series. All instruments received top ratings from S&P Global Ratings. Agmon with Tulchinsky advised on […]
