Israel’s pioneering COVID-19 vaccination program received global media attention. What is less widely known, however, is that Israel utilized Bio-convergence principles to effectively respond to challenges presented by the pandemic. Yoheved Novogrodner Shoshan and Daniel Green, partners at Yigal Arnon& Co., give their valuable insights in this article, describing Israel’s unique position in the field […]
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The SPAC phenomenon has spread to Israel, where regulators have now laid the foundation for local SPAC IPOs. In the first half of 2021, the top three M&A deals in Israel were SPAC transactions. Given Israel’s prowess in all things technology, it was only a matter of time before the SPAC phenomenon reached Tel Aviv. Colin […]
Women are underrepresented in the Israeli tech ecosystem, accounting for a consistent 30% or so of the high-tech workforce, an annual study by the Israel Innovation Authority (IIA) confirmed on Tuesday, International’s Women’s Day. The report said women were a minority at each stage of the path toward the high-tech industry and along their career […]
Israeli remote workforce management company Connecteam has announced the completion of a USD 120 million Series C financing round led by Stripes and Insight Partners and with the participation of existing investors Tiger Capital, Eyal Ofer’s OG Tech Partners, and Qumra Capital. The Yigal Arnon team, representing Connecteam, was led by Josh Hauser; the Consiglieri […]
FIMI Opportunity Funds has sold its holdings in Gilat Satellite Networks to Phoenix for USD 92 million, with Naschitz, Brandes, Amir advising FIMI on this strategic deal, led by Sharon Amir and Sharon Gold. The private equity fund has invested UDS 81.3 million in the satellite company since 2012. Following the transaction, Phoenix will hold close […]
Phytolon has entered a strategic collaboration with the U.S. company, Ginkgo Bioworks to work together on developing new yeast strains that will lead to high-quality natural colors, a solution for the F&B and cosmetics industries. Shibolet advised Phytolon – led by Tal Karplus, Ofer Ben-Yehuda, and Chen Nissim.
Israel’s Merom Energy will acquire 30% of a green energy company in Morocco, investing between NIS 70-80 million in Gaia Energy. The deal is considered particularly striking as Merom is also a small company by Israeli standards. Controlled by the Gandir Fund of Yehudit Recanati, Merom Energy also received an option to increase its holdings […]
U.S. fintech company Shift4 has announced the acquisition of Israeli online merchant acquiring bank and payment service provider Finaro In a cash and share deal worth at least USD 575 million. Together with Latham & Watkins, Barnea Jaffe Lande & Co. acted for Shift4 n the purchase. Herzog, Fox & Neeman advised Finaro, led by […]
Fintechs, for a decade the proverbial outsiders knocking on the doors of established institutions, are posting growth other sectors only dream about, as they’ve proven their value in a changed world for consumers and businesses, with online preferred to face to face transactions, building on a decade of advances in mobile payments, online lending, digital […]
The Israel Tax Authority is currently attempting to enact a major international tax reform, which may have a great influence on corporations as well as individuals with economic operations and/or personal ties to Israel, whether they be Israeli or foreign residents. Read the valuable contribution by Daniel Paserman, Partner and Head of tax practice, and Inbar Barak-Bilu, Partner […]
