Israeli startups raised a record monthly figure of over USD 1.2 billion in January 2021, according to press releases from the companies and their investors. Israeli tech companies raised a record more than USD 10 billion in 2020, according to IVC-ZAG, up from USD 8.3 billion raised in 2019, and USD 6.4 billion in 2018. […]
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The dispute between the partners holding rights to the Tamar and Leviathan offshore gas fields, which has been continuing over the past year, has finally been resolved, resulting in estimated savings of NIS 100 million for the Israel Electric Corporation (IEC). S. Horowitz & Co. represented the Israel Electric Corporation (IEC) in its struggle to […]
Israeli private equity firm FIMI Opportunity Funds is acquiring a 62.5% stake in E&M (Emet) Computing Ltd. (TASE:EMCO) for NIS 450 million at a company valuation of NIS 720 million. The deal will be completed if certain contingency conditions are fulfilled within 90 days. In the first nine months of 2020, E&M’s revenue was NIS […]
Gross and Latham & Watkins are advising Otonomo Technologies Ltd. on its planned merger with a U.S. special purpose acquisition company, the NASDAQ-listed Software Acquisition Group Inc II., represented by Gornitzky & Co. and Kirkland & Ellis. Otonomo is headquartered and has an R&D center in Israel, and it has a presence in the U.S. […]
One clear winner in the 2020 U.S. election has been the continuing state-level legalization of both medical and recreational cannabis. Four additional states voted to allow recreational use, and Mississippi voters authorized a medical marijuana program. As it stands, 36 states have legalized medical marijuana, and 15 of those states will allow recreational (or “adult […]
In the world of global mergers and acquisitions, the last 12 months have been roller-coaster. While 2019 was particularly strong – M&A transactions totalled over $20 billion – the Covid-19 pandemic has put many new transactions on hold. In fact, since the end of the first quarter of 2020, mergers and acquisitions around the world […]
Special purpose acquisition companies (SPACs) are an increasingly popular way for an existing private company to become publicly traded without undergoing a traditional initial public offering, and for investors in public markets to invest in growth-stage companies. There can be generous returns for SPAC sponsors, but they should be aware of the liability risk in […]
Notwithstanding the global COVID pandemic and economic recession, 2020 is proving to be a record-breaking year for Israeli technology start-up companies. In this article, published in the US-Israel Legal Review 2020, Simon Weintraub and Nimrod Vromen, partners in the High Tech Practice Group at Yigal Arnon & Co., look at how the Israeli economy has […]
DLA Piper’s Israel Country Group last week hosted a virtual event, in collaboration with Axis Innovation, focused on the Nordic region. DLA’s Peter Näslund (Managing Partner, DLA Piper Sweden), Salla Tuominen (Partner, DLA Piper Finland), Camilla Wollan (Partner, DLA Piper Norway) and Jens Krogh Petersen (Partner, Head of Corporate, DLA Piper Denmark) discussed business opportunities […]
As 2020 comes to a close, we take this opportunity to look back at some of the more significant developments that we discussed in the blog this year. The first is the EU Court of Justice’s Schrems II decision, finding that the EU-U.S. Privacy Shield was not a valid mechanism for transferring personal data from […]
