Israel’s cabinet has approved a NIS 607 billion budget for 2025 as well as budgetary adjustment measures totaling an additional NIS 37 billion. Read more in Globes.
Author: Idan Nishlis
Energy and Retail Group, Paz Company has finalized the sale of three key strategic properties to Egged Real Estate and Nadav B. Logistics for a total of NIS 127 million plus VAT. This triangular deal marks a significant step in Paz’s strategy to unlock value from assets not essential to its core operations, redirecting focus […]
Israel’s national water company, Mekorot reported a successful bond issue: almost 3 times the planned financing round. Goldfarb Gross Seligman advised Mekorot, with the transaction led by Esther Koren, Chairperson and Head of the Department, partners Yifat Sheftel Ben-Zvi and David Ullstein, and advocates Shelly Barad Levy and Ofri Halevi.
Lipa Meir & Co.’s Environment and Climate Department successfully represented the Association of Cities for the Environment of the Ashkelon District in an administrative petition challenging the permit expansion for crude oil storage and transportation at EAPC fuel farms in Ashkelon. In collaboration with six environmental organizations, the court approved their involvement as “friends of […]
A group of purchasers, including Psagot Equity, Carmel Credit, and Sigma-Clarity, signed a definitive agreement to acquire 100% of the shares of Tel Aviv Stock Exchange member Psagot Securities and the “Psagot” brand from Psagot Group for Finance and Investments Ltd., which is publicly traded on the TASE. The deal signifies a major milestone in […]
Menora Mivtachim Holdings Ltd., an Israeli insurance and finance group, has finalized a deal to acquire a controlling stake in Isracard after a protracted battle for control of the Israeli credit card company. Erdinast, Ben Nathan, Toledano & Co. advised Isracard, led by Doni Toledano and Dalia Tal, with additional partners and lawyers from the corporate […]
DoorLoop, an Israeli startup that develops a property management platform, has raised USD100 million from the U.S. investment fund JMI Equity. According to sources, this fundraising round valued the company at approximately half a billion dollars. DoorLoop has introduced technological innovation to the property management market, a field traditionally dominated by established companies. DoorLoop was […]
Cybersecurity firm Armis Security closed a USD200m Series D led by Alkeon Capital and General Catalyst, along with existing investors Brookfield and Georgian. They join the company’s other backers, which include Insight Partners, CapitalG, and One Equity Partners. According to Bloomberg, the company is targeting an IPO in 2026. Sidley and Meitar, led by Itay […]
We express our deepest condolences to his family. As a founding partner of Shibolet & Co., Yaacov was a visionary whose remarkable writing and drafting skills significantly influenced our field. He was not only a master in his profession but also a beloved friend and advocate for the community. His contributions and legacy will continue […]
Israeli startups have shown remarkable resilience, raising USD 7.22 billion in the first nine months of 2024, a 32% increase from the same period in 2023, according to IVC-LeumiTech’s quarterly survey. This achievement is particularly noteworthy given the ongoing war, indicating a robust investor confidence in the tech sector despite the challenges faced by the […]
