Ormat Technologies has recently announced plans to issue USD 350 Million of Green Convertible Senior Notes. The gross proceeds of the offering, at approximately USD 375 million, will be used by the company to fund sustainable projects. With over five decades of experience, Ormat Technologies, Inc. is a leading geothermal company and the only vertically […]
Uncategorized
Israeli company iron Source and Unity Software Inc., the world’s leading platform for creating and operating interactive, real-time 3D content, announced that ironSource will merge into a wholly-owned subsidiary of Unity via an all-stock deal. The transaction values ironSource at approximately USD 4.4 billion. Morrison & Foerster and Herzog Fox & Neeman served as legal […]
Priority Software, a leading global provider of business management solutions and a portfolio company of Fortissimo Capital and TA Associates, is to buy f Silverbyte, Israel’s leading hospitality and vacation property management software. This is Priority’s fifth acquisition in the past 15 months. Priority Software was represented by Gornitzky and partner Yoni Raff, together with associate Josh Cohn and […]
US tech giant IBM announced it has acquired Israeli provider of data observability software company Databand.ai, to expand data capabilities. Databand.ai, a leading provider of data observability software that helps organizations fix issues with their data, including errors, pipeline failures and poor quality. The acquisition of Databand.ai is IBM’s fifth acquisition this year and it builds on IBM’s […]
Israeli startups raised USD 9.7 billion in H1 2022, well below last year but ahead of 2020 when start-ups raised USD10 billion for the whole year. Israeli startups raised USD 9.7 billion in the first half of the year, well below last year’s figure but ahead of 2020 when start-ups raised USD10 billion in the […]
Lightbits Labs Ltd., the data platform startup, has raised USD 42 million in new funding to fuel the growth of its Lightbits Cloud Data Platform, with the funds to be used for investments in innovation and expansion. With this financing, the company has raised more than USD 100 million since its founding in 2016. Meitar […]
Swedish giant, Volvo, with almost USD 39 billion net sales in 2021, will invest in the Israeli Unicorn, Optibus, intending to accelerate the digitalization and electrification of buses. The size of the investment was not disclosed. In May, Optibus announced the completion of a USD 100 million Series D funding round to advance its public […]
Ayalon Insurance Company Ltd. has signed an agreement to sell its 20% holdings in Meitav Dash Provident and Pension Company to Meitav Securities and Investments Ltd. for NIS 120 million. Ayalon Insurance Company Ltd was represented by EBN and partners Doni Toledano and Jonathan Achiron, along with attorney Shani Even-Zahav from the firm’s M&A department. Once the transaction is completed, Meitav […]
Property and Building Corp. Ltd. (PBC) has acquired Aaron Frenkel’s 37.22% stake in Gav-Yam, for NIS 3.1 billion. Gross has represented PBC, including in the closing of a finance agreement with Mizrahi-Tefahot Bank for approx. NIS 1 billion. At the end of the process, which lasted six months, Frenkel sold its holdings in Gav-Yam to […]
You have had an Israel Desk and team for some time; what was the driving force behind that, and how does it fit with the firm’s overall strategy and focus? The firm itself was born out of something wholly different from any of the other ‘Israel Desks’ you may see on Nishlis. We launched in […]
