Saudi sovereign wealth fund private investment arm Sanabil has disclosed extensive investment in Israeli tech companies, through large US funds. the private investment arm of Saudi Arabia’s Public Investment Fund (PIF), one of the world’s largest sovereign wealth funds with estimated assets of $620 billion, disclosed its allocations to some 60 venture, growth, buyout and […]
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Last Friday, credit rating agency Moody’s downgraded the outlook on Israel’s credit rating from “positive” to “stable”. The announcement was widely covered by the media in Israel and internationally, and seen partly as a response to planned judicial reforms. Erdinast, Ben Nathan, Toledano & Co. With Hamburger Evron partners Dan Sella and Roy Gross from the firm’s Banking […]
Sisram Medical Ltd., a global leading innovator and provider of medical aesthetic devices, has announced that Alma Lasers (“Alma”), a wholly-owned company by Sisram, has reached an agreement to acquire the PRC leading energy-based devices distributor, PhotonMed International Limited (“PhotonMed”). As part of the acquisition, Alma bought 60% of the business, becoming the major shareholder […]
Norwegian data center Green Mountain, owned by Azrieli Group Ltd., has reached an agreement with energy company KMW to establish a new 54 MW data center site in Mainz, Germany. Both companies have a 50% stake in the new joint venture. The data center will be supported by renewables from KMW’s portfolio and operated to […]
The British sports betting and gaming giant Entain has acquired Israeli sports app 365Scores in a substantial cross-border acquisition. Founded over a decade ago, 365Scores has revolutionized the sports industry with their innovative application that enables their 20 million users to create their own sports channels. Erdinast, Ben Nathan, Toledano & Co. with Hamburger Evron […]
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 […]
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 […]
