With the Bank of Israel announcing a 0.75% increase in the interest rate, the Prime rate will be 3.5%. It’s no surprise that the banks’ stocks are skyrocketing, as their product, money, has become more expensive and the banks are profiting. The bank reform is an effort to increase competition, give people more information about […]
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In this weekly section, we profile the driving force behind Israel Desks firms, as we catch up with the prominent leaders of the global law firms with Israel Desks: This week – Michael Friedman, at Chapman and Cutler LLP. You have had an Israel Desk and team for some time, what was the driving force […]
Sapir Corp. has issued approximately USD 89 million of Tel Aviv Stock Exchange traded bonds, secured by the NoMo Soho hotel in New York City. Chapman and Cutler LLP served as counsel to Indenture Trustee, Mishmeret Trust Company Ltd., led by partner and Israel practice group leader Michael Friedman, with partner Meghann Salamasick and associates Carson Klarck and Helena Honig. The deal […]
Shafir and GES, controlled by Generation Capital, the infrastructure and energy investment fund, have closed the financing to acquire the desalination plant in Ashdod. A consortium that comprises Mizrahi-Tefahot and Phoenix will finance the purchase, the repayment of debt to Bank Hapoalim, the renovation of the facility, and the construction of a power plant Uri […]
Pliops has closed a USD 100 million Series D funding round, bringing the total investment in the company to over USD 200 million since its founding in 2017. Pliops is a developer of a storage processor which enables cloud and enterprise data centers to access data 50X faster with 1/10 of the computational load and […]
Over $25 billion was raised by Israeli startups in 2021, an almost unimaginable magnitude of investments, according to Calcalist in its recent 2022 promising startups list of the 50 most promising Israeli startups. We used business intelligence and competitive tool, Legal-BI to track the Israeli law firms representing the 50 Israeli promising startups. Click […]
DriveNets, the Israeli cloud-native networking solutions, announced its USD 262 million Series C funding round. The latest round considerably increased its valuation to over USD 2.5 billion, according to various market sources. The round was led by D2 Investments with the participation of DriveNets’ current investors, including Bessemer Venture Partners, Pitango, D1 Capital, Atreides Management, […]
Israeli HR software company HiBob raised USD 150 million, coming just 10 months after raising a $150 million Series C. The latest round was led by General Atlantic with participation from Bessemer Venture Partners and other investors. BFP Law Firm represented HiBon, led by Haleli Barath, Avihai Schieber, and Meiran Sandelson Yiga Arnon-Tadmor Levy represented lead […]
Clal Insurance has signed a binding agreement with Max’s largest shareholder, US private equity firm Warburg Pincus, for the sale of Max at a valuation of NIS 2.47 billion, and the transaction is expected to close towards the end of the year. The transaction, which by itself is unique in scope and complexity, is also […]
Target Market Group had sold control of the company to Electra for 160NIS million. Target Market develops management systems that integrate logistics, computer systems, personnel, procurement and more for its clients. Electra initially acquires 51% of the shares of the company, which was established about 30 years ago and operates in a variety of areas […]
