Silynx Communications, Inc. has completed the first IPO on the NYSE by an Israeli company in 2024. Greenberg Traurig represented ThinkEquity LLC as sole book-running manager for the offering, with the transaction led by Tel Aviv shareholder David Huberman, with the assistance of Miami-based Win Rutherfurd, Tel Aviv attorney Devora Snyder-Shefer and NewYork’s Anahita Mohtasham-Gharagozloo. Sullivan served as issuer’s counsel to Silynxcom. Silynx […]
Author: Idan Nishlis
The Tel Aviv Stock Exchange Ltd. has issued a secondary offering, netting NIS242 million of the total proceeds from the offering, which it intends to invest in its technology infrastructure. Local and foreign investors purchased a 18.5% stake in the exchange. Billionaire hedge fund manager Bill Ackman, and his wife, Israeli-born designer and academic Prof. […]
Yariv Ben-Ari, co-chair of Herrick’s Israel and Real Estate Hospitality practices, and Menachem (Meni) Neeman, Deputy CEO & Chief Legal Counsel of The Phoenix Group, discuss the management of a large institutional company during war time. The Phoenix Group is the largest insurance, investment and finance group in Israel and is traded on the Israeli […]
Israeli cultured meat company Aleph Farms has announced that it has received approval from the Ministry of Health in Israel to market its cultured beef products. Aleph Farms is an Israel-based food technology company designing new ways to grow quality animal products that improve sustainability, food security and animal welfare in our food systems. Founded in 2017, […]
In light of the ongoing war, the government has decided to evacuate more than 100,000 residents from border communities, mainly to hotels. This is a temporary solution, which causes significant difficulties and challenges among the evacuees and government officials. With the understanding of the government bodies that there is a need for permanent housing solutions for […]
As part of the 2024 war budget, the Israel Innovation Authority, in charge of directing tech policies, will get additional funds to help incentivize investments in start-ups. For the incentive program, the government will bolster the Israel Innovation Authority’s base budget of NIS 1.5 billion, by an additional NIS 940 million in 2024. Read more […]
Inrom has agreed to buy the controlling stake of Alumlight Production through its subsidiary, Ytong Ltd. for approximately NIS 192.5 million. The acquisition marks another significant step in the implementation of the Inrom Group’s strategic plan to deepen and expand its activities in the construction markets. Inrom Construction Industries Ltd. One of the largest and […]
Delinea, a leading provider of privileged access management, has completed the acquisition of the Israeli start-up Authomize Ltd. Authomize has developed a cloud identity and access security platform that detects and eliminates identity-based threats throughout the cloud. Herzog advised the buyer in the transaction, led by Michal Herzfeld, and including Yahya Qaq; Dr. Yuval Navot, Ronen Avner, Efrat Kesler […]
Ambitious cyber company Snyk has acquired the Israeli cyber start-up Helios in a cash-stock deal estimated at tens of millions of USD. EBN advised Amiti Ventures, a leading deep tech seed-stage VC firm in Israel, in relation to the sale of its portfolio company Helios. Following the purchase, Synk’s security products will cover the entire […]
Taro Pharmaceutical Industries has signed a merger agreement with its controlling shareholder, Sun Pharma, reflecting an equity value for Taro of USD 1.6 billion. Skadden, as U.S. counsel with Goldfarb Gross Seligman, as Israeli counsel, represented the Special Committee of the Board of Directors of Taro, which evaluated the proposal together with an independent financial […]
