Shikun & Binui Energy Ltd., which produces electricity using natural gas and renewable energy sources, has issued NIS 750 million, despite the current challenges in the Israeli capital market. Gornitzky acted for the company, with the transaction led by partner Sharon Werker-Sagi, together with attorneys Alon Shcher Ansky and Harel Tadmor.
Author: Idan Nishlis
Egged has raised NIS 494 million in a bond issue to institutional investors, with demand exceeding NIS 1 billion and the participation of all the institutional investors in Israel. Goldfarb Gross Seligman acted in the issuance, with a team comprising partners and associates in the Corporate, Mergers & Acquisitions Department, Esther Koren, Ifat Sheftel-Ben Zvi, […]
Bank Leumi has closed a NIS 510 million facility agreement with Menorah Synergy, a subsidiary of TeraLight and Senergy Renewable Energy, to finance a portfolio of photovoltaic power plants on roofs and reservoirs totaling approximately 124 megawatts. ERM advised the bank, led by partners Amnon Epstein, Chen Weiss, associates Nir Shaked and Ori Nehmad from the […]
US private equity firm Haveli Investments, L.P. has acquired a minority interest in Israeli mobile games company Candivore for USD100 million. Texas-based Haveli says it will fund the transaction from Haveli VC Gaming Fund I, L.P. Founded in 2018, Tel Aviv-based gaming studio, Candivore, is best known as the developer of Match Masters, a competitive […]
Bank Leumi has completed a first-of-its-kind credit linked debt offering, in which the bank offered CLNs (Credit-Linked Notes) with a par value of NIS 500 million to institutional investors. The CLNs will be listed on the institutional list on the Tel Aviv Stock Exchange. This credit linked debt offering involved the listing of one of […]
Innoviz Technologies Ltd. (Innoviz), a leading Tier-1 direct supplier of high-performance, automotive grade LiDAR sensors and perception software, has announced the pricing of its upsized underwritten public offering, with total gross proceeds of the offering, before underwriters’ discounts and estimated offering expenses, will be USD 65 million A Latham team led by Houston partners Ryan Lynch and Ryan […]
Nasdaq-listed Check Point Software Technologies Ltd, on entered into a definitive agreement to acquire Perimeter 81, an innovative leader in Security Service Edge (SSE) solutions, for USD490 million. With this acquisition, Check Point will help organizations accelerate the adoption of secure access across remote users, sites, cloud, datacentres, and the internet, all while aiming to […]
Think Canada for Global Projects and Global Expansion: Canadian Corporate and Tax Considerations for Foreign Expansion To and From Canada By: Aird & Berlis LLP From its earliest days, Canada has been a nation focused on international trade – a characteristic that continues today. In 2021, Canadian exports of goods and services reached a record […]
The Canadian province of Quebec plans to open a representative office to Israel in Tel Aviv in the fall, the province’s government has announced. The office, to be located within the Canadian embassy, will be Quebec’s first in the Middle East, and aims at strengthening relations between Israel and Quebec in the fields of research and innovation. […]
A significant renewable energy project is underway in Zambia to establish a power station capable of generating 71 megawatts of electricity, which is a joint effort between Israel’s Gigawatt Global and Gigawatt Wind. The unique aspect of this project is that it aims to harness both solar and wind energy, with each contributing half of […]
