Mishmeret Trust Company Limited served as Trustee, in a Chapter 11 reorganization plan of the Series B, C, D and E Bonds issued by All Year. This formed the largest creditor constituency in the case with more than USD 560 million of bonds traded on the Tel Aviv Stock Exchange. Chapman and Cutler served as […]
Author: Idan Nishlis
With profits on traditional insurance business under pressure, the insurance companies see credit as an increasingly important part of their armories. two insurance companies in Israel have succeeded in laying their hands on two of the three credit card companies in Israel. After Clal Insurance, which bought Max (formerly Leumi Card) and Harel, had a […]
Saudi sovereign wealth fund private investment arm Sanabil has disclosed extensive investment in Israeli tech companies, through large US funds. the private investment arm of Saudi Arabia’s Public Investment Fund (PIF), one of the world’s largest sovereign wealth funds with estimated assets of $620 billion, disclosed its allocations to some 60 venture, growth, buyout and […]
Last Friday, credit rating agency Moody’s downgraded the outlook on Israel’s credit rating from “positive” to “stable”. The announcement was widely covered by the media in Israel and internationally, and seen partly as a response to planned judicial reforms. Erdinast, Ben Nathan, Toledano & Co. With Hamburger Evron partners Dan Sella and Roy Gross from the firm’s Banking […]
Sisram Medical Ltd., a global leading innovator and provider of medical aesthetic devices, has announced that Alma Lasers (“Alma”), a wholly-owned company by Sisram, has reached an agreement to acquire the PRC leading energy-based devices distributor, PhotonMed International Limited (“PhotonMed”). As part of the acquisition, Alma bought 60% of the business, becoming the major shareholder […]
Norwegian data center Green Mountain, owned by Azrieli Group Ltd., has reached an agreement with energy company KMW to establish a new 54 MW data center site in Mainz, Germany. Both companies have a 50% stake in the new joint venture. The data center will be supported by renewables from KMW’s portfolio and operated to […]
The British sports betting and gaming giant Entain has acquired Israeli sports app 365Scores in a substantial cross-border acquisition. Founded over a decade ago, 365Scores has revolutionized the sports industry with their innovative application that enables their 20 million users to create their own sports channels. Erdinast, Ben Nathan, Toledano & Co. with Hamburger Evron […]
Israeli geothermal company Ormat Technologies has issued USD 340 million in equity on the NYSE. Herzog advised Goldman Sachs as book running manager in a transaction led by Ron Ben-Menachem and Mohammad Mawasi, while Davis Polk also advised as underwriter’s counsel. The company operates in two sectors of activity in geothermal energy: in the electricity sector it builds […]
An unnamed israeli company is set to launch an aquaculture project in Western Sahara, Morocco’s Minister of Innovation, Science, and Technology Ofir Akunis announced. Read more
Adv. Amit Becher, Co-Head of the White Collar Crime Practice Group at S. Horowitz & Co. has been elected as the temporary chairman of the Israeli Bar Association. With his vast experience in handling criminal and administrative cases in the capital market and white-collar cases, Amit currently serves as the Chairman of the Tel Aviv District […]
