Leonardo Hotels has agreed to buy Zien Group and 12 hotels in the Netherlands from affiliates of KSL Capital Partners and its partner Garden Capital Group. The acquisition will expand Leonardo Hotels’ portfolio to 28 hotels in the Benelux region. Founded in 2006, Leonardo is the European arm of the Fattal Hotel Group, Israel’s largest […]
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Five of the seven non-American universities whose graduates have the best chances of founding a unicorn in the United States are Israeli. The Technion – Israel Institute of Technology ranks first, with Reichman University surprising in second place. This is according to a study by Prof. Ilya Strebulaev, Finance Professor at Stanford and Founder and […]
The patent dispute between Wiz and Orca has intensified as Wiz rejects claims that it has infringed on any of Orca’s patents. Wiz has hit back, offering a counter-narrative highlighting its own technological advancements and market success. Read more of this unfolding saga between the two cybersecurity firms in Calcalist.
Discount Investment Corporation will sell its 35.7% stake in telecoms giant Cellcom to the Fortissimo Fund for NIS 925 million, reflecting a value of NIS 2.6 billion. Arnon, Tadmor Levy advised Discount Investment, with the sale led by Shiri Shaham, Shai Margalit and Or Pearl. Having been signed in December 2023, the regulatory approvals were […]
Israeli smart glass company Gauzy raised USD75 million in an IPO, valuing the company at a reduced USD244 million before the money and USD319 million afterwards, according to a report in Calcalist. Founded in 2010, Gauzy has developed smart glass allowing for the control of the shading level of the glass in vehicles or buildings. […]
With the interest and benefits of DEI increasingly clear, this PrideMonth, we wanted to shine a light on LGBTQ+ rights and the law – the changes and the impact. We start with this infographic showing that the progress of LGBTQ+ rights has been a transformative journey for individuals and the societies where they live. But […]
Investments, mergers and acquisitions, and salaries are rising despite the war but industry experts warn that the latest recovery may not be sustainable. Read more in Globes. Meanwhile, in the first five months of 2024, Israeli privately-held tech companies have raised USD4.1 billion, according to Globes.
The list, selected by Chief Information Security Officers (CISOs), security leaders, and startup investors, includes 30 companies in total. Twelve are Israeli-founded. Gomboc, Oligo, and Wing were named among the 10 early-stage companies; Astrix, Descope, Gutsy and Grip at the mid-stage; and Cyera, Drata, Island, Orca, and Wiz at the growth stage. Read more here […]
Arbe Robotics, a global leader in perception radar solutions, announced its ordinary shares are now traded on both NASDAQ and the Tel Aviv Stock Exchange (TASE). Erdinast, Ben Nathan, Toledano represented Arbe Robotics in this precedent-setting process of dual registration and issuance of convertible bonds to institutional investors and the public, to the tune of approximately […]
Michlol Mimun, a non-bank credit provider for residential construction and business financing, has announced a strategic financial move through its subsidiary,Michlol Real Estate. They are issuing a private bond series worth approximately NIS 190 million, backed by collateral for urban renewal residential projects. This marks the first time in the Israeli capital market that institutional […]
