Israel Aerospace Industries and Rafael Advanced Defense Systems could pursue major IPOs on the Tel Aviv Stock Exchange as Israel’s Defense Ministry signals support for floating minority stakes in the two state-owned defense giants. The listings could involve up to 30% of each company and reflect valuations estimated at NIS 80–100 billion (USD 25–32 billion) […]
Author: Idan Nishlis
DSIT Solutions Ltd., an Israeli defense technology company specializing in underwater detection and awareness systems, completed its initial public offering on the Tel Aviv Stock Exchange, attracting strong investor demand and delivering an impressive trading debut. Herzog Fox & Neeman advised DSIT on the IPO, with a team led by partners Nir Dash and Efrat […]
Mizrahi Tefahot Bank completed a Rule 144A / Regulation S offering of USD 750 million aggregate principal amount of Tier 2 subordinated notes due 2036, as well a second offering of USD 700 million aggregate principal amount of senior notes due 2031. Mizrahi Tefahot is the largest mortgage provider in Israel and one of the […]
A new analysis by JPMorgan Chase suggests Israel’s economy will face a temporary slowdown due to the war but is likely to rebound quickly once the most intense phase subsides. The bank cut its first-quarter 2026 growth forecast to around 1% annualized, while projecting a sharp recovery to roughly 8.5% in the second quarter as […]
A recent presentation featuring Carter Ledyard’s Israeli Cross-Border Practice Co-Chair Guy Ben-Ami addressed Foreign Corrupt Practices Act (FCPA) disclosure requirements and US corporate governance considerations that can affect Israeli companies with US operations or expansion plans. The session focused on practical implications for leadership and boards, including compliance oversight, disclosure risk, and governance expectations as […]
Kobre & Kim published a client alert examining how Israel’s growing pipeline of high-value infrastructure tenders can increase the likelihood of cross-border joint venture disputes and multi-forum proceedings. The alert, authored by the firm’s Cross-Border Disputes Team of Udi Karklinsky, Daniel J. Saval, Elina Karayianni, Jake Calvert, Jeremy Bressman, John Han, and Michael Brasky, emphasizes […]
Bank of Jerusalem has completed a complex private securitization transaction involving the issuance of multiple tranches of mortgage-backed notes totaling approximately NIS 610 million. The senior tranche, representing 94.5% of the securitized mortgage portfolio, received a -AA rating from S&P Global, exceeding the credit rating of the State of Israel. The transaction marks the second […]
Financing agreements totaling approximately NIS 2 billion have been signed to advance two large-scale evacuation and reconstruction (Pinui-Binui) complexes in Petach Tikva’s Werber neighborhood. The project, promoted by Aminim Group, includes the demolition of existing residential buildings and the construction of 637 new housing units in 32-story towers, alongside commercial space and underground parking. The […]
Israeli publicly traded developer Israel Canada has agreed to acquire fellow property company Acro Real Estate in a transaction valued at NIS 3.1 billion, as reported by Globes. Both companies are traded on the Tel Aviv Stock Exchange. The deal will create one of Israel’s largest listed residential real estate groups, with a combined market […]
Nvidia, the US-based global leader in AI chips and computing infrastructure, has acquired Israeli startup illumex, a Tel Aviv–based enterprise AI data company founded in 2021. illumex develops a platform that structures and contextualizes organizational data through a semantic layer, enabling generative AI systems to operate more accurately and reduce hallucinations in enterprise environments. The […]
