Israeli cyber startups raised USD 2.9 billion between January and mid-June, compared to USD 1.9 billion in all of 2023 and USD 3.2 billion in 2022. There were also 12 exits in early 2024, compared to 21 in 2023, 16 in 2022, and a record 35 in 2021, according to a report by YL Ventures. […]
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Initial figures from IVC-Research – LeumiTech for the second quarter of 2024 show that, despite a consistent decline in the number of foreign investors making inaugural investments in Israeli tech companies, there is now an upsurge. In the second quarter, 110 privately held Israeli tech companies, comprising early-stage and growth startups, raised USD 2.9 billion. […]
In the Spotlight: In our ‘In the Spotlight’ table, we catch up Principal Udi Karklinsky, experienced litigator and key member of the firm’s Israel Desk. What opportunities do you foresee for expanding the firm’s presence and influence in Israel? We are uniquely situated as one of (at most) very few law firms that have a team […]
The Transport Master Plan team, which oversees the construction of transport infrastructure in Jerusalem, has published a tender for preliminary planning and a feasibility study for metro lines in the city. The tender has been issued after Jerusalem Municipality and the Ministry of Transport see the city’s light rail network reaching capacity by 2030, making […]
Forestay has now its second fund, Forestay Capital II ILP (“Forestay II”), securing USD220 million in commitments. Specialising in fast-growing Enterprise AI and Software as a Service (SaaS) technology companies, Forestay II will make high-conviction investments with a focused portfolio strategy primarily across Europe and Israel. Read more here.
Blue Square Real Estate has successfully issued commercial securities, raising NIS 460 million. The current trend of raising funds through the issuance of commercial securities is very suitable for the high interest rate environment and uncertainty in the markets. EBN’s Capital Markets department advised the issuer, an Israel-based real estate company and subsidiary of Blue […]
In a transaction worth approximately half a billion shekels, Fattal’s hotel chain – controlled by David Fattal – acquired the Amoyel family’s share in their joint company, Protal Tourism. This deal makes Fattal the sole owner of 11 hotels in Israel, previously co-owned by both parties. The majority of the proceeds will be transferred in […]
Tel Aviv-based Israir’s subsidiary, Israir Aviation and Tourism has bought a 25% share of Cyprus logistics company Bird Aviation from Israel-based shareholder Bird Aerosystems, a specialist in defense technology systems. After buying 50% of Bird Aviation for €3 billion in February 2024, the company agreed to buy a further 25%. ERM advised Israir on the […]
NASDAQ-listed Israeli company Nano Dimension has acquired U.S. company Desktop Metal for USD183 million Nano Dimensions is a technology company specializing in 3D printing electronics, while Desktop Metal is a company that focuses on metal 3D printing technology, catering to industries such as aerospace, automotive, and healthcare. A multidisciplinary Shibolet team and Latham & Watkins […]
Alcon is acquiring Belkin Vision, which has developed laser-based technology for glaucoma treatment for up to USD466 million, including an immediate payment of USD81 million and a further USD385 million in milestone payments according to the product’s success on the market. Arnon, Tadnor-Levy’s Ezra Gross led the representation of Alcon, with support from Nataly Margalit […]
