Canadian automotive fleet manager Element Fleet Management has acquired Israeli startup Autofleet for USD 110 million. Element, the largest publicly traded fleet manager in the world, is listed on the Toronto Stock Exchange with a market capitalisation exceeding USD 7 billion. The acquisition represents a significant milestone for Autofleet, which has consistently advanced the efficiency […]
Author: Idan Nishlis
Gallatin Point Capital LLC has completed a USD150 million acquisition of approximately 15% of the equity of Israel Discount Bank of New York (IDBNY). Gallatin Point Capital is a private investment firm specializing in financial services, managing over USD4.5 billion across multiple funds, and focused on investments in companies involved in lending, insurance, asset management, […]
Silexion Therapeutics Ltd., an oncology-focused biotechnology company based in Israel, has successfully completed a business combination with Moringa Acquisition Corp, a publicly traded SPAC. The newly formed entity, Silexion Therapeutics Corp, will begin trading on Nasdaq from August 16, 2024. This merger aims to advance Silexion’s mission of developing innovative treatments for cancers driven by […]
A big move in the healthcare sector took place this week as U.S. healthcare giant Johnson & Johnson (J&J) announced plans to buy V-Wave, a move aimed at enhancing its medical device portfolio. Under the terms of the agreement, Johnson & Johnson will acquire V-Wave for an upfront payment of USD600 million, subject to customary […]
A new set of legislation consisting of four laws aims to combat the high cost of living in Israel by aligning with European Union standards for consumer goods and streamlining import procedures. Under this reform, Israel will allow the import of products from any supplier holding EU approval. This shift is anticipated to enhance the […]
The Israel Innovation Authority and the Ministry of Finance have introduced the Yozma Fund 2.0 to encourage institutional entities to invest in Israeli technology firms via local venture capital funds. In its initial phase, the programme will allocate USD 155 million to 18 institutional entities in Israel, supporting investments in Israeli startups. Yozma 2.0 targets […]
There is no doubt these are among the most challenging times in the history of the State of Israel. There are few people or businesses untouched by the Swords of Iron War, all united in the fervent hope for peace and better days ahead. In this edition of IsraelDesks magazine, we invite you to explore […]
A newly established Chamber of Commerce aims to bolster the economic partnership between Israel and Colorado, USA, attracting Israeli businesses to the Centennial State. The Colorado-Israel Chamber of Commerce operates as a non-profit, non-governmental membership organisation, serving as a representative voice for both regions. The chamber will facilitate trade, commerce, and innovation, fostering growth and […]
The new UK Minister of Business and Commerce, Jonathan Reynolds, has announced that the UK government will resume negotiations on free trade agreements. The resumption of talks led by the new Labour government is the first step towards agreeing to the quality trade deals the UK needs to enable businesses to access international markets, increase […]
Real estate and holding company, the Azrieli Group has issued a new series of long-term bonds, alongside issuing of additional bonds from a traded series on the Tel Aviv Stock Exchange, for a total value of NIS 1.2 billion. Goldfarb Gross Seligman advised the Azrieli Group in the issuance, led by partner Yuval Eden and […]
