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, […]
Author: Idan Nishlis
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.
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 […]
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 […]
