One of Israel’s most recognized holding groups, Alon Blue Square Israel has completed a successful raising of approximately NIS 490 million in a public offering of two new series of corporate bonds of the company. Erdinast, Ben Nathan, Toledano & Co with Hamburger Evron’s Capital Markets Department, led by partner Moty Yamin, together with associate Ofir […]
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General Motors has bought Israeli software start-up, Algolion, which developed software that warns against potentially explosive batteries in electric vehicles. As part of the acquisition, Algalion employees will join General Motors’ development center in Israel. Arnon, Tadmor-Levy acted for Algolion, which was founded in 2014. The company was represented by attorneys Kobi Ben Shitrit, David […]
Israeli Cybersecurity startup Cyera secures USD 100 million Series B at $500 million valuation. Funding was led by Accel with participation from existing investors Sequoia and Cyberstarts. Meitar represented Cyera in this transaction, with a team led by Shira Azran, with partners Hila Silverstein and Michal Weiner. Goldfarb. Gross Seligman represented Accel Partners, led be partners […]
The Israel Competition Authority (“ICA”) has announced it was s considering declaring the banks a concentration group. Competition Commissioner Michal Cohen met with Governor of the Bank of Israel Professor Amir Yaron to discuss the move. Read more in Jerusalem Post and Globes. Meanwhile, Wissotzky Tea was last week declared a monopoly in the green tea and […]
Real estate company Azrieli Group announced a huge deal last week whereby it will sell its 32% stake in Dallas-based Compass Data Centers to Canadian investment fund Brookfield Infrastructure Partners and the Ontario Teachers’ Pension Plan, for NIS 3.2 billion. Azrieli Group is not alone. This is the third deal in the past year in […]
Israeli hi-tech founders often dream of an exit (mergers and acquisitions, or M&A) deal. How does an Israeli tech company exit at a good price? A corporate auction may sometimes improve the starting price, but how does a seller company get to the best starting price in the first place? And what are potential buyers […]
The UAE and Israel will look to expand mutual investment and manufacturing under a deal signed between the Ras Al Khaimah Economic Zone (RAKEZ) and the Israeli Manufacturers Association (IMA). The Memorandum of Understanding (MoU) calls for the two sides to collaborate to create investment opportunities and expand the operations of industrial companies, the UAE’s WAM reported. […]
Representatives from Seoul and Jerusalem signed the Seoul Leadership Summit’s Seoul Manifesto at the inaugural Korea and Israel One Network (KION) conference last week. The declaration calls upon the countries to increase bilateral relations in politics, business, culture, media, religion, education and humanitarian aid. Read more in Jerusalem Post.
Salesforce’s presence in Israel dates back to 2011 when it acquired the Israeli start-up Navajo Systems. Since then, Salesforce Israel has evolved into an essential research and development (R&D) hub, focusing on AI-powered big-data marketing intelligence, AI analytics, voice technology, security, and field service solutions. The company has made strategic acquisitions in the Israeli market, […]
Millennium Logistic Parks (“MLP”), a Polish company traded on the Warsaw Exchange, has issued Series F bonds worth €29 million. The Israel Land Development Company (ILDC) holds (directly and indirectly) approximately 41% of the shares of MLP. Taylor Wessing advised MLP GROUP S.A., a leading owner and developer of modern industrial and logistic parks, and city […]
