KIRKBI A/S, the family-owned holding and investment company of the LEGO brand, and BrainPOP, a leading educational technology business, announced that they have entered into a definitive agreement for KIRKBI to acquire 100% ownership of BrainPOP. The edtech company, founded by former pediatrician and immunologist Avraham Kadar, develops short, animated movies for kids that aim […]
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The past year has been great for the development of innovative technologies in Israel. A brief look at the numbers shows that the end of 2021 marked a record high in the money raised within the hi-tech sector – an unprecedented USD 25 billion, representing a 136% increase over 2020, and a tenfold increase in […]
In a high-stakes battle over e-commerce technology, a Fox Rothschild Litigation team led by partners Richard Scharlat and Ellie Barragry, along with associate Michael Burke, successfully blocked an injunction sought by Route App, Inc., the world’s leading provider of package tracking and shipping insurance services for e-commerce merchants. Fox represents Marc Heuberger, an Israel-based e-commerce consultant […]
Following months of intense negotiations, a settlement in the scope of NIS 1 billion was signed with the State of Israel through the Ministry of Finance, that will lead to the recovery of Israel Post. The settlement is unprecedented in scope and will allow Israel Post to achieve financial stability whilst providing employment security for its employees. Israel Post was […]
The Capri Family Foundation has successfully completed its going-private tender offer to acquire Herzliya-headquartered Optibase Ltd. As a consequence of the completion of the offer, under the Israeli Companies Law, Capri automatically thereby also acquired all of the Optibase shares, not already held by the members of its bidder group, at the same price. Capri […]
Israel-founded global fintech company Plus500 has signed a multi-year sponsorship agreement, in which Plus500 shall become the official global partner of the Chicago Bulls, featuring the Plus500™ logo exclusively on the front of the team’s warmup shooting shirts and jackets and presenting Plus500 as the “Official Global Online Trading Partner” of the team. The four-year partnership will include […]
NewMed Energy Limited Partnership has proposed a combination with Capricorn Energy PLC, which, if completed, will create one of the largest upstream energy independents listed in London. The combination constitutes a reverse takeover of NewMed by Capricorn for the purposes of the UK Listing Rules. It will result in NewMed’s equity holders and Capricorn shareholders […]
In May, Israel forged a free trade deal with the UAE, its first with an Arab country, that officials estimate will increase trade from USD1.2 billion to USD10 billion in a 5-year time period, but Israel-Bahrain trade has lagged behind so far, in 2021 totaling just USD 7.5 million. Read more here.
OurCrowd launches USD 200 million global health equity fund (“GHEF”) in collaboration with the WHO Foundation The GHEF is a USD 200 million financial-first impact venture capital investment fund, focusing on breakthrough technology solutions that can impact healthcare globally.
Herzog Fox & Neeman last week received the “Israel Tax Firm of the Year” award from the prestigious tax magazine ITR (International Tax Review). Meir Linzen, chairman of the firm and head of the Tax department, an Anthony Leibler, a senior partner in the Tax department, received the award. Meanwhile, H-F & Co. are the only Israeli firm […]
