Renewable energy company, Prime Energy will sell electricity to Electra Power for 15 years from facilities with a storage capacity of 375 megawatt per hour, according to a recent agreement signed between them. Founded in 2013, Israel-listed Prime Energy is a leader in the field of renewable energy. Electra Power is part of the Elco […]
Author: Idan Nishlis
Israeli cloud security start-up Laminar has been acquired by U.S. company Rubrik for an estimated amount of USD200-250 million, according to a report in Calcalist. Previous negotiations to buy the company had included U.S. software company Datadog. This marks a significant exit for Laminar, a three-year-old company that has raised USD67 million to date. The […]
Bank Leumi, Visa, and United Airlines have announced their launch of a new credit card in Israel, While new cardholders are to be automatically enrolled in United Airlines’ customer loyalty program, United MileagePlus, miles can also be earned through everyday purchases, shopping and dining. Goldfarb Gross Seligman advised Bank Leumi, led by partner Ido Amir […]
Read more about the maintained credit rating in Globes.
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.
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 […]
