Israeli geothermal company Ormat Technologies has issued USD 340 million in equity on the NYSE. Herzog advised Goldman Sachs as book running manager in a transaction led by Ron Ben-Menachem and Mohammad Mawasi, while Davis Polk also advised as underwriter’s counsel. The company operates in two sectors of activity in geothermal energy: in the electricity sector it builds […]
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An unnamed israeli company is set to launch an aquaculture project in Western Sahara, Morocco’s Minister of Innovation, Science, and Technology Ofir Akunis announced. Read more
Adv. Amit Becher, Co-Head of the White Collar Crime Practice Group at S. Horowitz & Co. has been elected as the temporary chairman of the Israeli Bar Association. With his vast experience in handling criminal and administrative cases in the capital market and white-collar cases, Amit currently serves as the Chairman of the Tel Aviv District […]
Tel Aviv-based startups raised USD6.9 billion in 2022, almost double that of 2020, according to a new international report by Dealroom and Tel Aviv Tech. Tel Aviv is the city with the fifth highest number of unicorns in the world, based on research conducted by Dutch research company Dealroom and Tel Aviv Tech, an initiative […]
With SVB’s Israeli office now appearing to be closed, it is unclear with whom Israeli companies should be in contact with from SVB to service their needs. Additionally, anyone who was in the process of entering the U.S. market will need to look elsewhere to find a bank that can service their needs, and without […]
Minister of Foreign Affairs Eli Cohen and United Arab Emirates Ambassador to Israel Mohamed Al Khaja, in the presence of Prime Minister Benjamin Netanyahu, signed a customs agreement between Israel and the UAE this week. The signing will make it possible for the free trade agreement between the two countries, signed in May 2022, to take effect […]
Global investment fund Warburg Pincus has sold the credit card company Max to Clal Insurance Enterprises Holdings. Gornitzky advised Warburg Pincus on the deal, which sees Clal buying all of Max’s shares for NIS 2.47 billion, which it will operate as part of the insurance and finance company. Of the valuation put on Max, Clal will […]
Zephyrus Wing Energies has completed its IPO, based on a company valuation of approximately NIS 1 billion. The company raised a sum of NIS 150 million through the offering. Zephyrus Wing Energies is a leading renewable energy investment company controlled by Israel Infrastructure Fund (IIF), Israel’s leading infrastructure investment firm. Agmon with Tulchinsky advised Zephyrus […]
Metropoline Public Transportation has reached a NIS 930 million financing agreement to finance the establishment and operation of the transportation cluster – The New Sharon, which Metropoline won as part of a tender published by the State. Arnon, Tadmor Levy acted for Metropoline, led by attorneys Shai Margalit, Or Perel and Tomer Tzach.
Gas giants British Petroleum and Abu Dhabi National Oil Company (ADNOC) have placed a USD 4 billion offer to purchase half of Israel’s NewMed Energy. The participation of Emirati firm ADNOC is the latest sign of the quickening normalisation of relations between Israel and the UAE since their opening of diplomatic ties in 2020 and […]
