A historic milestone has been reached for ThetaRay as it became the first Israeli Fintech company to have its solution chosen by Mashreq Bank a leading UAE financial institution. The strategic agreement marks an expansion of ThetaRay’s AI-driven solution into Middle East financial institutions. Herzog Fox & Neeman acted for ThetaRay, with partner Orli Gal leading, […]
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State-owned Israel Electric Corporation has raised $500 million through dollar-denominated bonds sold to institutional investors in the United States and Europe. Herzog Fox & Neeman represented IEC, with a team led by Ron Ben-Menachem, Nir Dash, Yehuda Aharoni (Hommfor), Eldad Chamam, Dr. Ehab Farah, Mohammad Mawasi, Michal Gladstone, Nahum Mittelman, and Matan Amoyal. Cleary Gottlieb […]
More Provident Funds Ltd. has completed its IPO on the TASE, at a pre-IPO company valuation of NIS 600 million, while agrotech company Grace Breeding has completed its own IPO on TASE, raising NIS 16.8 million, at a post-money market valuation of NIS 96 million. Gross Law advised on both IPOs, with Ofer Hanoh, Yigal Binyamini, Amit Grinberger […]
Gross Law Firm has announced a merger with Nathan Meir & Co., one of the most prominent law firms in Israel in the fields of Municipal Law and Local Authorities, with extensive activities in litigation, administrative law, real estate, planning and construction, and commercial law. The newly merged firm will have more than 210 lawyers. The […]
Brazilian mining company Vale SA drops USD 2 billion claim against individuals and entities linked to Israeli-born billionaire Beny Steinmetz. Vale and Steinmetz have been locked in a multi-pronged legal battle for years resulting from a failed mining joint venture in Guinea. At the heart of the dispute is whether Steinmetz’s mining group, BSGR, obtained […]
Vanilla Vida has raised USD 10.5 million through a Series A funding, led by Ordway Opportunities fund and PeakBridge. Vanilla Vida is a groundbreaking Herzliya-based foodtech company that is changing the way that vanilla is grown in the world. Shibolet & Co. partner Maya Koubi Bara-nes and associate Keren Gugel represented Vanilla Vida in the […]
Intel Corporation has agreed to buy Israeli chipmaker Tower Semiconductor for USD 5.4 billion. One of the world’s largest chip manufacturers, Intel lost ground in recent years to rivals Taiwan Semiconductor Manufacturing Co. and Samsung. With the acquisition, the company will gain access to increased production capacity at a time when demand for semiconductors is […]
We are delighted to present the third issue of The US-Israel Legal Review, an annual guide which takes a deep dive into the bilateral commercial relationship between America and Israel and explores the legal and regulatory issues arising from this dynamic. This edition’s cover theme of “Startups, Unicorns and the ‘SPAC’ Phenomenon” was not deliberately […]
Alkeon Capital Management has completed its investment in the USD 100 million Series C Preferred Stock Financing of Firebolt Analytics, Inc. (“Firebolt”), at a USD 1.4 billion valuation to build the global cloud data warehouse. This latest round of funding brings its total investment to USD 269 million. New York-based cross-over hedge fund, Alkeon was […]
Nanotech start-up Gauzy has successfully raised USD 60 million in a Series D financing and acquired Vision Systems – Architect of Innovations. Gauzy develops smart glass technologies, will add to its offering Vision Systems’ ADAS and shading solution. Vision Systems employs 300 people and is considered to be a leader in shading solutions in the […]
