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 […]
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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 […]
Cato Networks has raised USD 200 million, at a valuation of USD 2.5 billion. Founded in 2015, Cato Networks has developed a cloud-based network that enables secure, rapid, and affordable enterprise communications. It is active in the field of SASE, which is one of the most rapidly developing sectors of the IT industry. The company […]
Yair Geva, head of the Tech Division at Herzog Fox & Neeman, writes about how Fintech deal-making has n-e-v-e-r been hotter. Coming out of the pandemic, fintechs have proven their value in a changed world for consumers and business, with online preferred to face-to-face transactions, building on a decade of advances in mobile payments, online lending, […]
The total value of all the companies traded on the TASE has risen 25% from just over NIS 800 billion at the end of 2020. The total value of the companies traded on the Tel Aviv Stock Exchange (TASE) passed above the NIS 1 Trillionthreshold last month, according to the TASE summary for September. The […]
Electra Consumer Products Ltd. has signed a 20-year Master Franchisee Agreement with 7-Eleven, to operate the brand in Israel. The deal includes an option to extend the agreement for a further 50 years. With plans to open 3-400 stores, 7-Eleven plans to open the first store in Tel Aviv in 2022, with the store opening […]
Cyren, an Israeli provider of email security and threat intelligence solutions, has completed a USD 10.2 million private placement at a Premium to Market. With offices in the US and Europe in addition to Israel, Cyren is offers cloud-based cybersecurity solutions to protect businesses and organizations of all sizes. The Greenberg Traurig team advising Cyren […]
