Many Israeli unicorns, startups valued at a billion dollars or more, did not survive the flock of black swans that hit the local tech ecosystem over the past couple of years. There are those who are entering 2024 in a much stronger position. Read this insightful report on the state of play in Calcalist: https://www.calcalistech.com/ctechnews/article/skicmwh006 […]
Author: Idan Nishlis
Biopharmaceutical company, NurExone Biologic Inc. has completed a private placement of CAD2 million. The Toronto-listed company develops a platform for biologically-guided ExoTherapy using exosomes as a next generation drug delivery system. This placement is further testament to the resilience of the Israeli life sciences sector. Gowling WLG advised NurExone Biologic on closing this transaction.
FIMI Opportunity Funds has sold a 50.2% stake in G1 Security Solutions to Universal Motors Israel (UMI) for NIS 200 million. This marks the third significant deal for FIMI in the last two weeks, following the recently announced sale of up to 20% of the share capital of Amal Holdings to Poalim Equity and the […]
Clal Insurance Group, one of the leading insurance and long term savings companies in Israel, has set up a joint venture with Mediterranean Towers for the establishment, operation and management of assisted living facilities in Israel through the formation of special purpose limited partnerships. The total investment in the joint venture will be NIS500 million, […]
Managed out of Kfar Aza, southern Israel, the Kafrit Group has bought the entire holdings of Absa Resin Technologies Inc., a Canadian company specializing in the production and sale of mixtures for the plastics industry using recycled material. Shibolet advised the Kafrit Group is a worldwide leader engaged in production and marketing of concentrates and mixtures […]
Pomvom, an Israeli company, which develops experiential content to amusement parks and attractions globally, is merging with the SPAC, Israel Acquisitions Corp, which was set up by Izhar Shay last year. Goldfarb, Gross, Seligman advised Pomvom, with the team comprising Amir Tzafrir, Aaron M. Lampert, Gur Nabel, Yaron Sever, Revital Shprung-Levy, Shuki Gottlieb and Esther Tayar. Eyal Peled, partner in Greenberg Traurig’s […]
For over 30 years, Hi-Tech has been the engine of Israel’s economic growth. Join Goldfarb Gross Seligman, January 9th, 4pm Israel time, for a discussion on the opportunities for investment in Israeli tech. Speakers include leading international and Israeli investors in Israeli tech, founders of leading start ups, angel investors and investment bankers, among them Eyal […]
Azrieli Group, the leading real estate group, has issued NIS 2.36 billion in bonds on the Tel Aviv Stock Exchange. Goldfarb Gross Seligaman acted for one of the country’s leading real estate groups and mall operators, with partner Yuval Eden and associate Bar Avital of the firm’s Capital Markets and corporate department on the deal.
A glance at the Israeli companies traded on Wall Street since the start of the year reveals an odd trend: some Israeli med-tech companies have been among the best performers on Nasdaq since the start of 2023, while other Israeli med-tech companies have been among the worst performers, losing almost all of their value. Read […]
The well established Israeli law firm of Cohen, Wilchek & Co., which has twenty partners and lawyers, is merging into Naschitz Brandes Amir. The combined firm will have 260 lawyers and 400 employees. Read more in Globes.
