Despite these challenges, Israeli high-tech startups successfully secured total funding of USD6.9 billion in 392 rounds this year, compared to USD14.95 billion in 2022 across 663 rounds, according to preliminary data from the IVC and LeumiTech report summarizing 2023 in the Israeli tech sector. Read more in Calcalist. While high-tech is a critical route out […]
Author: Idan Nishlis
Teva Pharmaceutical Industries has completed an exclusive license agreement with Israeli company, Biolojic Design, which is developing a potential novel antibody-based therapy for the treatment of Atopic Dermatitis and Asthma.. Agmon with Tulchinsky represented Teva, with the agreement led by partner, Lana Tavor. Teva will oversee the completion of Biologic’s antibody-based therapy for asthma and skin asthma treatment, […]
The final phase of the liquidation of the assets of the Psagot Investment House has begun. IBI’s mutual funds company, Kesem Mutual Funds, has signed an agreement with Psagot to purchase 100% of shares in Psagot Mutual Funds in exchange for NIS 147 million, and for the purchase of all share capital of Psagot Compass […]
Level Access of the U.S. has bought UserWay, an Israeli pioneer in the field of AI-based digital accessibility. Together, Level Access and UserWay will create advanced digital accessibility solutions to help more organizations to start, and accelerate, sustainable digital accessibility programs. Expected to close in early 2024, this milestone transaction shows that global private equity […]
Bank Hapoalim has acquired 20% of the Amal Group for NIS 270 million from FIMI investment fund, at a valuation of NIS 1.5 billion to Poalim Equity. Amal Group operates a chain of nursing homes and care facilities. The leading private equity firm in Israel, FIMI had purchased 80% of the chain’s shares in 2021 […]
Bank Hapoalim, Bank Mizrahi Tefahot and the European Investment Bank will provide NIS 6 billion financing to be provided to TMT TLV Metropolitan Tramway Ltd., for the development, construction and maintenance of the Tel Aviv Green Line Light Rail Project, part of the country’s flagship transport project. Herzog represented the banking consortium, led by partners, […]
Israeli company Perion Network has announced the acquisition of Hivestack for USD 100 million in cash, with potentially a further USD 25 million structured as a three-year employee retention and performance-based payment plan. Montreal-headquartered Hivestack has developed a digital out-of-home (DOOH) advertising platform which aims to transform ordinary public spaces into dynamic experiences, engaging audiences […]
AppsFlyer, the global leader in marketing measurement, attribution, and data analytics, has announced its acquisition of oolo, a leading AI-powered user acquisition and monetization decision-making platform. Arnon, Tadmor Levy represented AppsFlyer, the Israeli unicorn, which has reached USD 400 million in Annual Reccurring Revenue (ARR), while Herzog acted for oolo. It is hoped the acquisition will accelerate […]
The Internal Revenue Service announced tax relief for U.S. individuals and businesses affected by the terrorist attacks in the State of Israel. These taxpayers now have until Oct. 7, 2024, to file various federal returns, make tax payments and perform other time-sensitive tax-related actions. Click here to read the full article.
Managing Partner Gil White and partner Ran Hai attended the prestigious London event, capping off an impressive year in M&A.
