The outlook is a significant change from survey results in 2021 and 2022, when more than two-thirds of CEOs surveyed believed economic growth would increase. While CEOs’ top concerns last year were cybersecurity and health, 40% of respondents this year said they are most concerned about inflation, 31% said they were most concerned about economic […]
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Israeli expertise in desalination plants will be further showcased as Israeli company, IDE Technologies plans to build a desalination plant in Mexico. The desalination plant will be connected to a water distribution facility and reservoir in Arizona through a 1,000 ft-long series of pumps and pipes. It will draw water from the Sea of Cortez, […]
Ministry of Finance Accountant General Yali Rothenberg has completed Israel’s first offering of green bonds, amounting to USD 2 billion. The bonds were issued for a term of ten years, bearing annual interest of 4.5%. The offering was aimed at the international market, while talks are underway between the Accountant General Department and the Israel […]
Bank Leumi has carried out an international USD500 million bond offering, the first green bond offering by the bank, which will use the proceeds to finance green projects. White & Case advised as international counsel, with Herzog acting as local counsel on this complex transaction. Calling on specialists from the Capital Markets, Banking, and Tax teams, […]
Nasdaq-listed Shockwave Medical, Inc., a pioneer in the treatment of cardiovascular disease, has agreed to buy public company Neovasc Inc., focused on the minimally invasive treatment of refractory angina. Shockwave expects to complete the transaction in the first half of 2023. Blake, Cassels & Graydon LLP and Skadden, Arps, Slate, Meagher & Flom LLP are […]
Israeli company Nipendo is being acquired by American Express. Founded in 2008, Netanya-headquartered Nipendo is used by global businesses to automate and streamline business-to-business (B2B) payments processes. Nipendo has raised just USD 12 million to date according to Crunchbase, with its last funding round being a Series B almost 10 years ago. The company employs […]
Investments in early-stage start-ups, and Seed investments, in particular, are the fuel that will drive Israeli high-tech in 2023, CTech’s comprehensive VC survey has shown. Interviews held with dozens of VC executives who invest in companies at various stages revealed that in the coming year Seed investments will reign over all others. Read more in […]
Israeli start-ups raised over USD 500 million in December 2022, according to press releases seen by financial newspaper, Globes. In December, the major financing rounds that were completed included: * Cybersecurity company Snyk, which raised USD 196.5 million. * Metabolism measurement device company Lumen raised USD 62 million * Precision pollination company Beehero raised USD […]
Amid a global rout in equities, some recently listed European tech companies have seen their shares plummet by up to 98%. That means startups looking for an exit must find other means this year — namely being bought by another company. Larger companies will take advantage of their smaller peers’ reduced valuations to add different dimensions to […]
Herzog Fox & Neeman ranked top of the table in Deal Volume for MEA, followed by Meitar in six place and Yigal, Tadmor-Levy in 14th place, according to Mergermarket’s year end report. Gornitzky was ranked as the leading law firm in Israel by value and 11th overall in MEA, with Agmon & Co., Rosenberg Hacohen […]
