DriveNets, the Israeli cloud-native networking solutions, announced its USD 262 million Series C funding round. The latest round considerably increased its valuation to over USD 2.5 billion, according to various market sources. The round was led by D2 Investments with the participation of DriveNets’ current investors, including Bessemer Venture Partners, Pitango, D1 Capital, Atreides Management, […]
Author: Idan Nishlis
Israeli HR software company HiBob raised USD 150 million, coming just 10 months after raising a $150 million Series C. The latest round was led by General Atlantic with participation from Bessemer Venture Partners and other investors. BFP Law Firm represented HiBon, led by Haleli Barath, Avihai Schieber, and Meiran Sandelson Yiga Arnon-Tadmor Levy represented lead […]
Clal Insurance has signed a binding agreement with Max’s largest shareholder, US private equity firm Warburg Pincus, for the sale of Max at a valuation of NIS 2.47 billion, and the transaction is expected to close towards the end of the year. The transaction, which by itself is unique in scope and complexity, is also […]
Target Market Group had sold control of the company to Electra for 160NIS million. Target Market develops management systems that integrate logistics, computer systems, personnel, procurement and more for its clients. Electra initially acquires 51% of the shares of the company, which was established about 30 years ago and operates in a variety of areas […]
Golf & Co Group Ltd. has agreed to a merger with Adika Style Ltd. in the fashion/clothing sector. The transaction – via a reverse triangular merger – is expected to close in Q4 2022. Herzog represented Golf in the negotiations with the independent committee established by Adika’s board of directors and advised Golf in all […]
Israeli property management platform Guesty has announced the completion of a USD170 million Series E financing round. The round was led by the Apax Digital Funds, MSD Partners and Sixth Street Growth, with participation of previous investors Viola Growth and Flashpoint. Focused on the short-term rental and hospitality industry, Guesty’s solution enables hospitality providers of all sizes […]
Allied Universal, the leading global security and facility services company, continues its strategic growth with the acquisition of Attenti Group, one of the world’s leading electronic monitoring companies. On June 1, 2017, private equity firm Apax acquired technology hardware company Attenti Electronic Monitoring, Ltd. from 3M Company for USD 200 million. The Gornitzky team include […]
Seed Group, a UAE-based company owned by the Royal Family of Dubai and the Private Office of Sheikh Saeed bin Ahmed Al Maktoum, has appointed Israel-based Tech It Forward as its Israel Country manager. It is understood that this appointment will provide Israeli startups with the opportunity to collaborate and invest across the UAE. It […]
In this new weekly section, we profile the driving force behind Israel Desks firms, as we catch up with the prominent leaders of the global law firms with Israel Desks: This week – Jeremy Lustman, partner and the global head of DLA’s Israel Practice Group. You have had an Israel Desk and team for some […]
This past week, the enterprise identity management company, Ping Identity announced its acquisition by private equity firm Thoma Bravo, which is taking it private for USD 2.8 billion. Identity management remains a very hot area in the world of enterprise IT, given the increasing number of cyberattacks and breaches. Thoma Bravo has been on a […]
