SoftBank takes stake in Israel’s most active venture capital firm, OurCrowd. The Japanese tech giant’s USD 25 million investment is being made through SoftBank’s Vision Fund 2, in exchange for an undisclosed stake in the company. White & Case acted for SoftBank, led by London partners Daniel Turgel and Emmie Jones, together with associate Francis […]
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Gross Law Firm (GKH) hosted a webinar on “Trends and Best Practices in International M&A Transactions”. Topics included M&A trends in the US, M&A trends in Israel, deal terms, tax issues and pre-merger preparation and post-merger integration. Instrumental in the event was the wider Gross legal team, notably Dr. Ayal Shenhav, Adv. Rick Mann and […]
Shlomo Insurance, Harel Insurance & Finance, and CIM Group of the US have acquired Cathedral Square, a Three-Building Office Campus in Guildford, Surrey, close to London, for appx. NIS 288 million (GBP 66 millilon). Gornitzky acted for Shlomo Insurance with partners Alon Peled and Assaf Harel, together with associate Rebecca Genis. Taylor Wessing head of real estate Keith Barnett led the team advising CIM during […]
Uniphore Technologies completes acquisition of Israeli software company Jacada, the leader in Conversational Automation, in an all-cash transaction. Uniphore was represented by Erdinast, Ben Nathan, Toledano & Co. With Hamburger Evron Partners Doni Toledano, Jonathan Achiron, Nitzan Aberbach (Options), Lior Etgar (Privacy), Michal Rothschild (Competition), Yael Benyayer and Moty Yamin (Capital Markets), along with attorneys […]
Clal Insurance Company, Menora Insurance Company, and Amitim Pension Funds has acquired the CBS Building in New York City together with Harbor Group International. The Greenberg Traurig team was led by Lawrence Sternthal, together with Aaron R. Katz and Ephraim Schmeidler.
Wi-Fi chipsets manufacturer Celeno Communications, Inc. has been bought for USD 315 million by Renesas Electronics Corporation, a Japanese public company and a premier supplier of advanced semiconductor solutions. The Goldfarb Seligman team was led by partner Michael Heller, and comprised associates Daniel Kahn and Matan Katzman, and intern Nour Gandour of the firm’s International […]
Mishkei Hakibbutzim is to acquire control of the public company, Meshek Energy, in a transaction valued at over NIS 2 Billion and creating one of the largest and most diverse energy groups in Israel. Mishkei Hakibbutzim, a major commercial organization of the kibbutzim in Israel, will sell to Meshek Energy 40% of its holdings in […]
Bank Hapoalim has completed the pricing in an international private placement with financial institutions of contingent convertible bonds (CoCo) amounting to USD 1 billion. Demand for the bonds totaled USD 2.6 billion. In order to diversify the bank’s investor base and optimize its capital structure, Bank Hapoalim issued the bonds in accordance with the Green […]
Space-Communication Ltd. has sold 51% of its share capital to a subsidiary of 4iG Plc., a leading Hungarian IT and telecommunication company whose shares are traded on the Budapest Stock Exchange. The sale was completed in consideration for NIS 221 million. Listed on the TASE, Space-Communication is a satellite communication service provider with customers located […]
General Atlantic is leading a capital raising of USD 150 Million for Tel Aviv-based Hibob, which, at a USD 1.65 Billion valuation, has become Israel’s newest unicorn. The funding round set to be announced in the near future is being led by General Atlantic and will include Hibob’s previous investors. Tadmor Levy & Co. acted […]
