Google parent Alphabet is in advanced negotiations to acquire Israeli cybersecurity startup Wiz for around USD23 billion, according to the Wall Street Journal. Should the deal be completed, it would be both Google’s largest acquisition ever and the largest ever exit in Israeli tech history. Read more in Jerusalem Post, which also covered the story.
Author: Idan Nishlis
In our ‘In the Spotlight’ series, we catch up Ari Berman, key member of the firm’s Israel Desk. New York partner Ari is the co-chair of Pillsbury’s Securities Litigation & Enforcement practice and ESG team, and head of the Israel Desk. What are the primary strategic objectives for the Israel-focused legal team in the upcoming […]
Harel Investments acquires further 5% of Tidhar Group for NIS200m Shibolet represented Harel, which will increase its holding in the real estate group to 15%. The transaction, valued at approximately NIS235 million, gives the Tidhar Group a post-money valuation at around NIS4.2 billion. Shibolet advised Harel on the deal, with Ofer Zuzovsky, Adi Zaltzman, and […]
Two years after launching its operations, MIMUN YASHIR’s mortgage company has completed a NIS 300 million debenture offering. These bonds are backed by mortgage portfolio collateral and are aimed at fueling further expansion of the company’s mortgage portfolio. By diversifying its funding channels through this bond offering, the company seeks to bolster its financial standing. […]
Real estate company Gav-Yam has issued a new series of commercial securities on the Tel Aviv Stock Exchange, for a total value of NIS 300 million. Goldfarb Gross Seligman advised Gav-Yam, with the transaction led by partner Yuval Eden and associate Renana Lev of the firm’s Capital Markets and Corporate Department.
The U.S. listed medical device giant, Edwards Lifesciences is set to acquire Innovalve Bio Medical, an Israeli medtech company specializing in trans-catheter mitral valve replacements. While the exact financial terms remain undisclosed, industry insiders project the transaction to exceed USD 300 million. Edwards has exercised its option to purchase Innovalve, marking a significant investment in […]
International and Israeli investors are set to acquire a 21.5% stake in Phoenix Holdings from Centerbridge Partners and Gallatin Point. The deal involves selling 4.95% of Phoenix shares to Jared Kushner’s Affinity Partners (for a reported USD128 million, according to Calcalist), with another 6.5% sold off-market to global institutional investors. FBC and White & Case acted […]
Israeli cyber startups raised USD 2.9 billion between January and mid-June, compared to USD 1.9 billion in all of 2023 and USD 3.2 billion in 2022. There were also 12 exits in early 2024, compared to 21 in 2023, 16 in 2022, and a record 35 in 2021, according to a report by YL Ventures. […]
Initial figures from IVC-Research – LeumiTech for the second quarter of 2024 show that, despite a consistent decline in the number of foreign investors making inaugural investments in Israeli tech companies, there is now an upsurge. In the second quarter, 110 privately held Israeli tech companies, comprising early-stage and growth startups, raised USD 2.9 billion. […]
In the Spotlight: In our ‘In the Spotlight’ table, we catch up Principal Udi Karklinsky, experienced litigator and key member of the firm’s Israel Desk. What opportunities do you foresee for expanding the firm’s presence and influence in Israel? We are uniquely situated as one of (at most) very few law firms that have a team […]
