Stagwell, a Nasdaq-listed company, is acquiring LEADERS, a Tel Aviv-based digital agency that focuses on influencer marketing and social commerce. The acquisition comes as Stagwell expands its global footprint and invests further in AI-enabled solutions at the forefront of digital marketing. LEADERS is Stagwell’s seventh acquisition of 2024, following Team Epiphany (U.S.), Sidekick (U.K.), What’s […]
Author: Idan Nishlis
Israeli startup CytoReason has announced it has secured USD 80 million in a private funding round, with notable backing from U.S. semiconductor company Nvidia and pharmaceutical leader Pfizer. Additional participation came from U.S. medical equipment manufacturer Thermo Fisher and the Jerusalem-based venture capital platform OurCrowd. The Tel Aviv-based company plans to utilise the newly raised […]
Israeli holding company Discount Investment Corporation Ltd. has agreed to sell its 59.1% stake in technology investment arm Elron Ventures for USD 53.2 million. The buyer is a relatively unknown family office called Arieli EL, valuing Elron at USD 90 million, which reflects a 50% premium on its market capitalisation. Arnon, Tadmor Levy acts for […]
Tricentis, a leading American software testing solutions provider, has acquired Israeli startup SeaLights. Although the companies did not disclose the acquisition cost, estimates suggest it is approximately USD 150 million. Founded in 2015, SeaLights operates as a software quality intelligence platform that enhances Tricentis’ offerings. This acquisition strengthens Tricentis’ market position by integrating advanced capabilities […]
New insights from the Israeli legal sector. In a recent survey of the outbound business development initiatives of Israeli corporate law firms, the results are incredibly useful for fostering closer relationships: Nearly 90% reported either an increase or stability in international-related work over the last two years. 60% of surveyed Israeli law firms prefer collaborating with […]
Odysight.ai pioneers Predictive Maintenance (PdM) and Condition Based Monitoring (CBM) markets with an innovative AI platform. The company secured a private placement of, raising over USD10 million to accelerate its growth. Odysight.ai was represented by Carter Ledyard & Milburn‘s Guy Ben-Ami and Herzog.
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.
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. […]
